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Offshore account is actually offshore banking business, which is a kind of financial activity serving non-residents, and the bank absorbs the funds of non-residents .Banks serve natural persons, legal persons, international organizations of government agencies and other economic organizations, including overseas branches.The operating currency of offshore banking is limited to freely convertible currencies, non-resident funds remitted to offshore accounts 、 Funds remitted from offshore account funds to overseas accounts and offshore accounts can be freely assign and transferred. Advantages of offshore accountsⅠ：Freedom of allocation of funds The offshore account of the customer is equivalent to an account opened by an offshore bank. It is free to transfer funds from the offshore account and is not subject to foreign exchange control at home . Advantages of offshore accounts Ⅱ：Deposit interest rate and variety are unrestricted Deposit interest rates and varieties are not subject to domestic regulatory restrictions, and are more preferential and flexible than similar deposit rates of foreign banks. Especially large deposits can be customized according to customer needs, interest rates, term and other aspects, flexible and convenient . Advantages of offshore accounts Ⅲ：Exemption from deposit interest tax The interest earned by the Chinese government on offshore deposits is exempt from deposit interest tax. The actual net income of offshore deposits is even more considerable. Advantages of offshore accounts Ⅳ：Improving the comprehensive operation efficiency of domestic and foreign funds It can make full use of the full-service features of Hong Kong banks that can provide both onshore business and overseas banking functions, reduce the comprehensive cost of funds, accelerate the turnover of domestic and foreign funds, and improve the efficiency of capital use. Advantages of offshore accounts Ⅴ：Domestic control, overseas operations You can use online banking or phone banking to facilitate daily operations. |