In our work, we often meet some customers who are engaged in international trade business and want to explore overseas markets, so they plan to directly use domestic companies to go overseas, for exampleSingaporeTo open bank accounts in other places, and then explore overseas markets, because domestic accounts have foreign exchange control is very inconvenient to receive and pay foreign exchange, opening an overseas account will be much more convenient.

However, customers often ignore the problem that it is better to open bank accounts on the onshore side. For example, it is better for overseas companies to open bank accounts on the local side, while it is very difficult for domestic companies to open bank accounts on the overseas side or not to open bank accounts directly. Because domestic companies are offshore companies without registered companies or offices in the local side, local banks will not open accounts for us at all. Unless we register a local company, likeSingaporeCompany, but Singapore companies also need new citizens to serve as shareholders of the board, and may also have a number of local business requirements, so a domestic company is basically unable to open a bank account outside the country.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.