Open a bank account in China within 1-2 months, which is 50% faster than our competitors' timeline
Hongda helps you to open a Chinese bank account 100% remotely without ever having to leave your home or office.
See the below tables for a comparison of the requirements for an offshore company and a Mainland China company:
❗No need to attend in person, Hongda will support the account opening process on behalf of the applicant.
| Account Type | Features | Available Banks | Requirements | Remote Application |
|---|---|---|---|---|
| Non-Resident Account | Access to foreign currency exchange without restriction | Standard Chartered | Shareholder or chairman of the board of the offshore company should have an active domestic Chinese company under their name | One of our employees will open the bank account for you |
| Offshore Account | Access to foreign currency exchange without restriction (recorded) | CB International Bank LLC | Fulfilled the basic requirements of the offshore company | Open a bank account via online video chat |
| Free Trade Non-Resident Account | Access to foreign currency exchange without restriction (Recorded with RMB settlement) | China Everbright Bank Co.,ltd./Shanghai Pudong Development Bank Co.,Ltd. (FTN or FTA account) | Shareholder or chairman of the board of the offshore company should have an active domestic Chinese company under their name | Open a bank account via online video chat |
Required Company Documents:
| Account Type | Features | Available Banks | Requirements | Remote Application |
|---|---|---|---|---|
| Basic deposit account | Settlement, withdrawal | Most banks (Industrial and Commercial Bank of China Limited/Bank of China Limited/Bank of Communications Co., Ltd) | Fulfilled the basic requirements of the domestic Chinese company | Open a bank account via online video chat |
| Capital account | Capital remitted only | Most banks | Fulfilled the basic requirements of the domestic Chinese company | Open a bank account via online video chat |
| Foreign currency bank settlement account (general deposit account) | No withdrawal, foreign currency remittance only | Most banks | Fulfilled the basic requirements of the domestic Chinese company | Open a bank account via online video chat |
Required Company Documents:
David Finch BA ACMA CMIIA CAMA
Travis Perkins PLC Director of Group Business Risk & Assurance
Travis Perkins PLC (a leading builders merchant in the UK) has been using Hongda Business Services since 2008 for accounting and professional services. Throughout this time, we have found the team at Hongda to be very helpful and professional in their dealings with us. We look forward to working with the company in the future.
Erik de Waard
Tulip Pacific Ltd. > Director
Tulip Pacific Ltd. (Business planning and interim financial management services) has been using Hongda Business Services since 2012. Hongda has helped us set up legal entities in China/HK and takes care of our annual company audits. They are the most efficient business service provider I have worked with to-date, and their professional advice has helped me better advise my own clients and provide greater value to my overall business.
