NRA

I can help you open an account with your company in China.

Chinese banks may open accounts for foreign non-resident companies
(non-resident account, abbreviated NRA).

They can be opened, as in convertible currencies (USD, EUR, HKD and
other), and RMB.

To open an account you must obtain permission of the Department of
exchange control.

The transactions on these accounts are subject to exchange control on
all incoming and outgoing payments are required to provide contract /
invoice. Sometimes the bank receives them in the form of scans,
sometimes - requires the provision of originals.

NRA can open all Chinese banks, but in fact they are only a few open -
ABC, Industrial Bank, Longjiang Bank, Minsheng Bank, Woori Bank, Hana
Bank.

To open the NRA accounts usually require the personal presence of the
director. Some banks open NRA proxy.

To open the NRA require the originals or certified copies of all
documents of the company without authorization. Some banks (eg ABC)
requires translation of the company's data (name, address and personal
data, charter) in Chinese.

NRA opening procedure consists of the following steps:

1. Pre-checking of documents of the company (made usually during the
week and is held responsible by the bank)

2. Submission of documents for opening an account

3. Obtaining a permit for opening an account from the exchange control
department (it receives the bank itself and it takes about one to two
weeks)

4. Opening an account and issuing keys to control them (if the bank
has to manage the account online web-based interface)

I assist in all matters relating to the opening of NRA