SPDB Offshore Account is the bank account with overseas characteristics opened with SPDB headquarters. You need to open an offshore account with SPDB in advance before applying for any offshore banking services such as deposit, loan, settlement and foreign exchange of overseas companies.
According to the regulation of People’s Bank of China, neither cash deposit nor RMB deposit is acceptable to Offshore Account.
The minimum deposit amount for legal entities is USD 50,000 or other convertible currencies equivalent to USD 50,000, and that for individuals is USD 10,000 or other convertible currencies equivalent to USD 10,000. Qualified Clients
1.Legal entities registered outside Mainland China (including Hong Kong, Macao and Taiwan areas)
2.Non-resident individuals (including Hong Kong, Macao and Taiwan areas) Account Currencies
USD，HKD，EUR，GBP，JPY，CAD，AUD，SGD Account Features
Convenience for Deposit and Remittance
SPDB is the member bank of SWIFT (Society for Worldwide Interbank Financial Telecommunication), which can offer expeditious and convenient deposit and remittance services of Offshore Accounts. It is flexible to remit inward and outward, and meanwhile it is not restricted by the region and foreign exchange control. Remitting funds to domestic accounts could be considered as remittance inward from overseas, which could be applied to investment and trade verification.
Flexibility for Account and Cash Management
Funds could be transferred between your Offshore Accounts (Overseas Accounts) and Onshore Accounts (Domestic Accounts) opened with SPDB in real time as you expected, which can facilitate the unified management of your overseas and domestic accounts, and make your cash management and funds transfer more convenient and flexible.
High Efficiency for Worldwide Payment
To facilitate your transferring and remitting funds rapidly worldwide, SPDB provides you with remittance service under your remote payment instruction by fax. Wherever you are, you can enjoy this convenient funds remitting and transferring services.
Security for Account Funds
SPDB can provide you with unique Offshore Account Test Key Service to ensure the security of your offshore account funds. Account Opening Procedure
If you need to apply for an Offshore Account with Shanghai Pudong Development Bank, please read SHANGHAI PUDONG DEVELOPMENT BANK OFFSHORE ACCOUNT AGREEMENT at first, and then fill out OFFSHORE ACCOUNT APPLICATION.
Please submit your OFFSHORE ACCOUNT APPLICATION with relevant documents to Shanghai Pudong Development Bank Offshore Banking Department, CIB or SPDB’s branches and sub-branches.
Documents required are listed as follows：
I. Registered in Hong Kong
A. Sole Proprietorship Company
1．Valid Business Registration Certificate
2．Business Registration Form 1（a）certified by Inland Revenue Department
3．The Sole Proprietor’s and Authorized Signatories’ Identity Cards or Passports
4．Other documents if required
B. Partnership
1．Valid Business Registration Certificate
2．Business Registration Form 1（c）certified by Inland Revenue Department
3．Partnership Memorandum or Partnership Agreement
4．The Partners’ and Authorized Signatories’ Identity Cards or Passports
5．Other documents if required
C. Limited Company
1． Certificate of Incorporation
2． Valid Business Registration Certificate
3． Notification of First Secretary and Director Form D1 plus all subsequent Form D2 detailing the particulars of the Directors
4． Consent to act as a Director Form D3
5． Memorandum and Articles of Association and any amending resolutions
6． The Directors’ and Authorized Signatories’ Identity Cards or Passports
7． Corporate Resolutions for opening a Limited Company Account duly signed by a quorum of Directors（Corporate Resolution Form is included in OFFSHORE ACCOUNT APPLICATION. You can fill in the form directly or issue a Corporate Resolution separately）
8． Last Annual Return Form AR1（For companies incorporated more than One Year）
9． Other documents if required
II. Limited Company incorporated outside Hong Kong where the company is carrying on business and registered as a Foreign Company
1． Certificate of Incorporation
2． Valid Business Registration Certificate
3． Certificate of Registration of Overseas Company
4． Registration of an overseas company in Hong Kong Form F1 plus all subsequent amendments Form D2/F3 detailing the particulars of the Directors
5． Memorandum and Articles of Association and any amending resolutions
6． The Director’s and Authorized Signatories’ Identity Cards or Passports
7． Corporate Resolutions for opening a Limited Company Account duly signed by a quorum of Directors（Corporate Resolution Form is included in OFFSHORE ACCOUNT APPLICATION. You can fill in the form directly or issue a Corporate Resolution separately）
8． Other documents if required
III. Registered in Other Countries and Regions
1． Certificate of Incorporation
2． Appointment of First Directors issued by the Register Agency
3． Consent /Acceptance to act as a Director
4． List of Directors
5． Certificate of Good Standing issued by the local Registrar of Companies（For companies incorporated more than two months）
6． Certificate of Incumbency issued by the Register Agency（For companies incorporated more than two months）
7． Memorandum and Articles of Association and any amending resolutions
8． The Director’s and Authorized Signatories’ Identity Cards or Passports
9． Corporate Resolutions for opening a Limited Company Account duly signed by a quorum of Directors （Corporate Resolution Form is included in OFFSHORE ACCOUNT APPLICATION. You can fill in the form directly or issue a Corporate Resolution separately）
10． Other documents if required
IV Please provide any one of the documents listed as follows for opening an Individual Offshore Account
1． Overseas Identity Card or Passport outside Mainland China
2． Chinese passport and Overseas Permanent Residence Card
V Important Notice
1． All company documents provided should be originals or true copies, which were certified by a firm of accountants/solicitors, or verified by our correspondent Bank, local China Embassy/Consulate. Otherwise, you are required to entrust our bank to take a particular company search.
2． Should a Corporate Director be appointed, a Certificate of Incorporation, Business Registration Certificate, Memorandum and Articles of Association and any amending resolutions, the Corporate Resolution from the Corporate Directors specifying the Authorized Signatories who have the power to act for them and Signatory’s Identity Cards or Passports will also need to be submitted.
3． All company documents provided should be English version. For non-English version, they need to be translated into English by the translation organizations specified by our bank
4． If there are any unacceptable documents found in the procedure of documents verification, our bank reserves the right to take any particular company search or reject the account opening application.
5． Please notify our bank of any subsequent changes to the legal entities or individuals after the account has been opened. Furthermore, for the purpose of subsequent annual account review, please provide updated documents (Business Registration Certificate for legal entities registered in Hong Kong and Certificate of Good Standing for legal entities registered in other countries and areas) for our reference. |
