Bank Accounts

Bank Accounts

ICBC

INTERSHORES|ICBC Macau For Your China Business

Industrial and Commercial Bank of China (Macau) Limited has 20 branches and a network of 405 ATM across Macau. The bank specializes in corporate and China business as well as personal account for non-resident with provision of the following services: 1. Loan & Financing. ICBC is committed to support their corporate customers by offering various types of tailor-made financing plan, including short, medium and long term Asset-based finance, Unsecured finance, Revolving Overdraft facility, Working Capital finance, Project Finance, M&A financing. It also specialized loan arrangement in loan including corporate loan, revolving loan, banking syndicated loan (including arranging,...
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OCBC

INTERSHORES | No Physical Presence To Open Bank Account At OCBC Wing Hang, Hong Kong

OCBC Wing Hang ("OCBC WH") in Hong Kong, together with its subsidiaries and affiliated companies, offers a comprehensive range of commercial banking products and services and other financial services such as consumer financing, share brokerage and insurance, among others. It has a network of over 60 branches and offices in Hong Kong, Macau and Mainland China. Founded in Guangzhou as a money changing business in 1937, the former Wing Hang Bank was incorporated and granted a banking licence in Hong Kong in 1960. OCBC WH, by acquisition on 15 October 2014, became a wholly-owned subsidiary of OCBC Bank, the longest established Singapore bank with an international presence of more than 430...
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INTERSHORES | CBiBank's Graphical Flow In Trading and ECommerce

As an offshore bank located in Puerto Rico, USA, CBiBank provides global payment & collection services. CBiBank’s offshore account has the following advantages: 1. Flexible fund transfer: the offshore account is a good vehicle for countries with foreign exchange control. 2. Tax optimization: offshore operation, funds enter into jurisdiction as and when needed. 3. Information protection : CBiBank has its account protection system that keeps your account far from getting frozen. Global collection and payment: 1. Standard payment collection path: CBiBank’s banking system follows US investment bank standard. It supports full business transactions from investment...
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CBI

INTERSHORES l Take Advantages of CBiBank's Services

CBiBank is a licensed International Financial Entity at Puerto Rico, US, aiming to bring more convenient and safer new financial services so as to help SME business owners to get better financial products and to do better businesses. It is an institutional member of the ABA, SWIFT, UNIONPAY, Cross-border RMB Clearing (CIPS) and many other organizations. Its Swift code is CBLBPRSJ and ABA 021508125. It provides digital banking solutions for more than 100 nationalities and various jurisdictions to easily open online corporate accounts. The advantages of CBiBank include: 1. Easy and Fast – 100% online banking opening procedure within 14 business days (can be faster if top...
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CBI

INTERSHORES l Partnership With CB International Bank LLC (CBiBank)

Intershores is proud to announce a new partnership with CB International Bank LLC (CBiBank). Established in June 2017, CBiBank is an international financial entity headquartered in Puerto Rico, United States and is committed to provide digital banking solutions to more than 100 nationalities and companies at different jurisdictions. CBiBank is an institutional member of SWIFT, UNIONPAY, Cross-border RMB Clearing (CIPS), ABA,etc. The partnership will leverage Intershores’s global professional banking service which enables our customers to grow their businesses internationally. Want to connect with us in relation to CBI Bank's service or ask us for CBI brochure: ...
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bank acocunt

INTERSHORES I Consideration For Choice Of Foreign Bank To Open An Account

Where to obtain a foreign bank account (for corporate or personal use) is a common question asked by international entrepreneur as he/she always wants to diversify risk aside ease of account opening. Consideration for choice of offshore bank is usually as follows: 1. The economic situation in the country where the bank is licensed. 2. Accessibility of the bank. For different clients and purposes for opening an account, the location of the bank's office can sometimes be important. However, digital support via zoom, skype or the bank's portal (online banking and mobile apps) can serve the very same purpose. 3. Reliability of the bank. Annual bank reports certified by...
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dormant acc

INTERSHOERS I HKMA Guideline - Dormant Account And Unclaimed Deposits

The Hong Kong Monetary Authority (HKMA) has issued a circular to authorised institutions (AIs) on 18 November 2021 as a guideline to AIs’ handling of dormant accounts and unclaimed deposits. Based on their business and operational needs, AIs are expected to take a risk-based and proportionate approach in handling dormant accounts by taking the quantitative thresholds such as length of dormancy (say 10 years or more), age of the account holder (say 90 years or more), the amount left unclaimed (say HK$10,000 or more). In this respect, the HKMA expects AIs to adopt the following measures to enhance the handling of dormant accounts so as to protect the interests of the owners or...
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bank acc 3

INTERSHORES I Account Opening Requirements Update

The Senior Manager at Business Banking Segment Management team in Bank of China (Hong Kong) and the Associate Partner of Entity Compliance & Governance of Law at Ernst & Young spoke about bank account opening requirements, practice and challenges nowadays at The Hong Kong Chartered Corporate Governance Institute on 15 March 2022. Bank Account Opening Challenges Nowadays 1. Banks in general do not welcome paper presence. Thus, it is crucial to provide the bank with sufficient documentation to validate the business presence in Hong Kong. 2. Company carrying out business in industries regarded as high risk by banks may make it difficult to open a bank account (e.g., virtual...
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Al-Salam-Bank

INTERSHORES I Seychelles Offshore Bank Account

Seychelles company formation with bank account is one of the rising popular options among various foreign investors. The island is located off the eastern coast of Africa in the Indian Ocean and the jurisdiction of Seychelles is often associated and commonly known to be popular tourist destinations, with its main economic activities revolving around tourism and fishing. In an effort to transit itself into a financial services hub, Seychelles maintained a pro-business stance and passed the Seychelles Investment Act which makes foreign investors who wish to incorporate in Seychelles possible but restrictions are placed upon industries that are active with local businesses such as taxi or...
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THE-BEST-OFFSHORE-BANKS-FOR-2020

INTERSHORES I Top 3 Countries With The Best Offshore Bank Account For 2022

Deciding on which country would be the most suitable for corporate bank account opening is imperative for your business. How to choose the best jurisdiction with an offshore bank account? To choose the best jurisdiction to set up an offshore business account, the following factors must be kept in mind: 1. Privacy and Security An offshore bank account is supposed to provide privacy and security for the business. This is guaranteed by the government regulations and the banking policies which guarantee greater confidentiality by not making information about the company public and also provides security for the assets held by the company in the offshore business account. 2. ...
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BVI BOA

INTERSHORES I Bank Of Asia in BVI

Bank of Asia (BOA) has been established in the British Virgin Islands (BVI) to address the need of BVI and other offshore companies in getting bank accounts opened and other banking needs satisfied. It facilitates the growing offshore banking needs of a large, underserved universe of Chinese and other Asian high net worth individuals and their related offshore business companies. As a platform, BOA is free from legacy constraints and is focus on a simple set of products differentiated through quality of service and rolled out using best of breed technology. Client service, efficiency and user-friendly technology are core to BOA’s strategy for customer acquisition and...
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ABC banking

INTERSHORES I Mauritius Bank - ABC Banking Corporation Limited

ABC Banking Corporation Limited is a Mauritius bank which obtains its banking license since 2010. It currently offers a wide range of products and services including current accounts, saving accounts, term deposits, card services, leasing, housing loans & personal loans, term loans and revolving credit as well as trade finance services such as bank guarantee, letter of credit, import & export loans, collection document for import & export. The bank has been providing international banking services to international businessmen and high net-worth international clientele. The international banking team consists of professional, dedicated and highly experienced staff who provide...
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