• Offshore banking accounts
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Bank of china

Bank of China

Bank of China, or Bank of China Limited in full, is one of China's four state-owned commercial banks. Its businesses comprise commercial banking, investment banking and insurance. Members of the group include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions. The Bank provides a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide. In terms of tier one capital, it was ranked 18th among the world's top 1,000 banks by The Banker magazine in 2005.

Comparison of the procedure for opening an account with the Hong Kong Bank of China and domestic Bank of China:

Bank of China, HK Domestic Bank of China
Important Notice Please submit the following:
(1). Complete registration information
(2). Proof of address of directors
(3). Directors ID cards, pass or passport
Richful can help to make an appointment with one day's notice;
Allowed to conduct Internet Banking;
At least two directors must go to the bank.
The company can open an account after being established for one month, the limit in cash per day is US$10,000, Not allowed to conduct online banking.
Account Opening Activation Fee Search Fee HK$100;
Internet Banking Certificate : HK$132
Search Fee: RMB200
HK$800 must be deposited to open an account.
Transfer-In fees HK$20/T (if transfer-in is over HK$1000) NIL
Transfer-out fees HK$100 per 1,000 (if via internet banking)
HK$100 per 1,000 (if via Bank Counter)
Remittance amount + 1%(HK$50 - 80) + postal fee.
Cash withdrawal via Counter Service No fee to withdraw cash HK$ in cash : 1.5%
US$ in cash: 2.5%
Letter of Credit Application Fees Service charge is 0.5% per year of total LC + postal fee + admin charge plus:
(1). 0.25% if under US$50,000 per LC
(2). 0.125% if over US$50,000 per LC
Credit amount x 0.125% (if above US£50,000, x 0.625%) + postal fee.
BVI company accounts (1). Company Search fee: HK$3000
(2). Complete registration information
(3). Certificate of Incumbency
NIL
American company account Same as above NIL
British company accounts Same as above NIL
Bank management requirements NIL Fee of HK$50 per month, if less than HK$500 in one month

Hongkong Tel : +852-2537 7886 Fax : 2537 7780   Add : 21F, Lippo Centre Tower 2, 89 Queensway, Admiralty, HK
Beijing Tel : +86-10-5979 7566 Fax : 5885 7463 Shanghai Tel : +86-21-6252 4952 Fax : 6091 7720
Tianjin Tel : +86-022-5829 8755 Fax : 5867 5735 Nanjing Tel : +86-25-8467 1161 Fax : 8467 1194
Guangzhou Tel : +86-20-2208 2580 Fax : 2208 2579 Shenzhen Tel : +86-755-8270 1877 Fax : 8270 1875
Hangzhou Tel : +86-571-8788 6788 Fax : 8607 5868 Ningbo Tel : +86-574-8772 9255 Fax : 8772 9216
Dalian Tel : +86-411-8250 6091 Fax : 8250 6094 Qingdao Tel : +86-532-8090 2580 Fax : 8090 2590
Xiamen Tel : +86-592-3299 299 Fax : 3299 199 Fuzhou Tel : +86-591-8389 1762 Fax : 8389 1752