Opening a bank account for a Chinese company
Fully remote procedure
Accounts can be opened with various banks
From 1200 EUR
Professional assistance and full support at every stage of the bank account opening process.
Opening a bank account for a Chinese company is generally considered less complicated compared to other jurisdictions. However, the process can become more challenging when the directors or shareholders are foreign nationals. Additional factors that influence the complexity include the company’s business geography and the intended use of the account.
Although China has one of the most advanced financial systems in the world, strict regulatory requirements and capital control measures can create difficulties for foreign companies. While thorough preparation is essential, the process can be significantly simplified with the right approach. Success largely depends on factors such as meeting the bank’s compliance requirements, providing a complete set of documents, and clearly explaining the intended use of the account.
We offer multiple account-opening options that can be tailored to your business needs and are ready to help you choose the optimal solution.
Although China has one of the most advanced financial systems in the world, strict regulatory requirements and capital control measures can create difficulties for foreign companies. While thorough preparation is essential, the process can be significantly simplified with the right approach. Success largely depends on factors such as meeting the bank’s compliance requirements, providing a complete set of documents, and clearly explaining the intended use of the account.
We offer multiple account-opening options that can be tailored to your business needs and are ready to help you choose the optimal solution.
Main scenarios for opening bank accounts
Each scenario has its own features, advantages, and requirements. Our goal is to help you select and implement the most suitable solution based on your business needs.
- Opening a primary account in a traditional Chinese bankEvery Chinese company is required to have a primary account (基本户), which serves as the main corporate account for all financial operations. This account is used for receiving income, paying taxes, processing payroll, and handling other essential transactions. The primary account is strictly regulated by the People’s Bank of China (PBOC), and each company may open only one such account. It is also necessary for tax registration and compliance with Chinese regulations.
- Opening accounts in regional payment systemsOpening an account in regional payment systems is a fast and convenient way for a Chinese company to access international transfers, multi-currency accounts, and integration with online platforms. Systems such as Airwallex, xTransfer, and WorldFirst offer simplified onboarding procedures, minimal documentation requirements, and competitive fees. This solution is ideal for companies engaged in international business, especially in e-commerce.
- Opening additional accounts in traditional Chinese banksOnce the primary account is opened, the company becomes eligible to open additional bank accounts for various business purposes, such as:
- General settlement accounts: for transactions with suppliers and other counterparties, including payments for goods, services, and daily operations.
- Foreign currency accounts: for handling FX transactions, import/export operations, and settlements with overseas partners.
- Special-purpose accounts: for capital injection, government subsidies, or financing specific projects.
- Opening non-resident (NRA) accounts in overseas banksA Non-Resident Account (NRA) is an excellent option for Chinese companies operating on international markets. These accounts allow businesses to conduct financial activities outside China while remaining registered in the country. NRA accounts are opened in foreign banks and provide access to a wide range of international financial services.
Opening a corporate account in a traditional Chinese bank
The Basic Account is the primary corporate bank account required for all registered companies in China. It plays a crucial role in the company’s financial operations, as all major transactions — including tax payments, income receipts, payroll, and cash withdrawals — must be conducted through this account.
Uniqueness
Each company may have only one Basic Account, which serves as the primary channel for interactions with tax authorities and government institutions.
Wide Functionality
The Basic Account enables both domestic and international financial operations, ensuring full compliance with all regulatory requirements applicable to the company’s activities.
Regulation
The opening and use of the Basic Account are strictly supervised by the People’s Bank of China (PBOC) and governed by national regulations.
Banks
The largest bank in China and the world by assets, offering a wide range of services including retail and corporate banking, asset management, and international operations.
One of China’s largest banks, specializing in construction financing, corporate lending, and consumer services.
Focused on supporting the agricultural sector while also providing retail and corporate banking services.
One of the oldest banks in China with a strong international presence, known for its foreign trade services and currency operations.
One of China’s first commercial banks, offering retail and corporate lending, insurance, and asset management services.
A private commercial bank focused on retail banking services and innovative digital solutions.
Oriented toward serving rural and remote populations, offering retail services and deposit products.
A subsidiary of CITIC Group, providing universal banking services with a strong focus on the corporate sector.
A regional bank with a growing nationwide presence, offering a broad range of services for businesses and individuals.
An environmentally focused bank providing lending and asset management services with an emphasis on sustainable development.
A subsidiary of Ping An Insurance Group, offering innovative retail and corporate banking solutions.
Focused on serving small and medium-sized enterprises, as well as providing retail services and loans.
A universal commercial bank offering a wide range of financial services, including investments and asset management.
A regional commercial bank specializing in retail banking and support for small businesses.
A regional bank focusing on providing services to local businesses and residents.
Documents required to order the service
On Boarding Memo
1
Corporate Documents
2
Shareholders and Directors Information
3
- Business License (营业执照) – an official document issued by government authorities confirming that a legal entity (company or organization) is officially registered and authorized to conduct business in China.
- Articles of Association (章程) – a document that regulates the internal rules and governance of the company.
- Documents Confirming Recent Changes (if any) – records of any updates or amendments to the company’s registration or structure.
- Passports of all shareholders and legal representatives (directors) – a copy of each shareholder’s and director’s passport is required for identity verification. This is a mandatory document for the bank’s due diligence process.
Proof of Business Activity
4
- Bank statements from the company’s existing account for the last 6–12 months (if available) – to confirm financial operations and the company’s stability.
- Office lease agreement in China – serves as proof of the company’s physical address and helps banks assess its reliability.
- Presentation of existing products and services – a description of the company’s products or services, helping the bank understand the business and revenue generation.
- Website – the current version of the company’s website, containing information about its activities, services, products, and contact details. This also supports verification of the company’s operations and public reputation.
- Financial report for the most recent period (if available) – such as balance sheets, profit and loss statements, or other documents to help the bank assess the company’s financial stability.
Service cost
Opening a Bank Account for a Chinese Company
€
3750
Bank Account opening in Digital Payment System
€
1500
Office Address. Assistance in account opening
€
1200
Single Representative Services
€
1200
We guarantee that this price is final
Related services
Frequently Asked Questions
We open accounts in traditional banks (Chouzhou Bank, OCBC, Harbin Bank, HSBC Bank, Standard Chartered Bank) and in virtual payment systems (Lianlian Global and Airwallex).
If bank approval is obtained, account opening is guaranteed. Payment for the service is made only after the account is successfully opened.
Opening an account in a Chinese bank can take from several weeks to several months, depending on the bank and the complexity of document verification.
No, the director’s presence is not required; however, authorized representatives will need to visit the bank.
A virtual account is opened and managed entirely online, making the process faster and cheaper, but it offers a limited range of services.
A traditional bank account requires a bank visit, takes more time, but provides a wider range of services, including loans and investment options.
A traditional bank account requires a bank visit, takes more time, but provides a wider range of services, including loans and investment options.
Useful articles about bank account opening
Why choose us?
Licensed Corporate Secretary
Direct Services in China and Singapore
We provide services directly in Hong Kong, China, and Singapore without intermediaries. This speeds up the registration process and enables clients to manage their businesses more efficiently in these jurisdictions.
We are a licensed provider of corporate secretary services in Hong Kong, ensuring full compliance with local laws and regulatory requirements. Our license guarantees the reliability and security of the services we provide.
Comprehensive Turnkey Services
We offer not only company registration but also full support services: accounting, assistance with bank account opening, and handling correspondence at the company’s registered address. This ensures convenience and minimizes bureaucratic complexities for our clients.
Experience Since 2016
Since our founding in 2016, we have successfully assisted hundreds of companies in registering and efficiently conducting business. Our experience with international clients allows us to cater to the unique needs of each company, regardless of size.
Personal Manager for Each Client
Each client is assigned a personal manager who guides them through all stages of registration and ongoing support. This individualized approach ensures tasks are handled promptly and according to client expectations.
Confidentiality and Data Security
We guarantee complete confidentiality and protection of client data, strictly adhering to commercial secrecy regulations. Your information is secure at every stage of our cooperation.
Transparent and Fair Pricing
We provide clients with detailed cost breakdowns of all services, avoiding hidden fees. This ensures full transparency and predictable expenses.
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