Open a Chinese Business Bank Account

The Process to Set up a China Company Bank Account

• We recommend an established bank for account opening based on our client’s business needs.
• We help sort out and prepare relevant documents for the China Company Bank Account process.
• Business China will send one of our experienced associates to accompany our customers during the bank opening interview, and to handle subsequent file preparation with the authorization of the client.
• Business China prepares the corresponding English translation version of the corporate bank account for the customer after opening the bank account.
• Business China will keep clients informed on relevant bank notices and other important information. We will be with you every step of the way during the China Company Bank Account process.

China Company Bank Account Opening Checklist

Business China has gained years of experience in establishing a WFOE in China and in setting up an account for a WFOE in China. With our knowledge and expertise, our clients are able to make a more informed decision while they set up a China Company Bank Account. The following is a checklist for a China Company Bank Account;

• Reserved seal of authorization
• Original Identity Document of the Legal Representative
• Original Identity Document of the corporate account filing contacts
• Official Seal
• Notification of Business Operation
• Identity Information Sheet
• Enterprise Finance Chapter
• Company Stamp Carving Permit
• Company Business Certificate
• Chapter of Enterprise Legal Person
• Business Agent Authorization Letter
• Application for Opening a Corporate Bank Account

In order to open a bank account, a legal representative of the company is required to visit the front desk officer of a bank. Business China will be with you every step of the way, from putting together the right documents for opening the China Company Bank Account, to taking care of all other aspects of opening a corporate bank account in China. We will do everything it takes to ensure a quick and hassle-free experience while you set up a China Company Bank Account.

Which Bank Should I Choose?

Due to the unprecedented economic growth of the country, there are now many national and international banking institutions that are operating within China. But, it is best for WFOEs, ROs and JVs to choose from one of the four largest banks in China, such as:

ICBC - Industrial and Commercial Bank of China
BOC - Bank of China
ABC - Agricultural Bank of China
CCB – China Construction Bank