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Can Your Company Open a Non-Resident Corporate Bank Account (NRA) in China?
Manage episode 341357323 series 3382358
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It should come as no surprise for international businesses that receiving payments from their Chinese counterparties can be a long and cumbersome process. This is especially relevant for overseas companies that do not have a permanent establishment in China in the form of a foreign direct investment, such as a limited liability company or a joint venture. Therefore, for the convenience of both Chinese consumers and overseas sellers, certain banks in China offer a special type of bank account which is available to be opened exclusively by non-resident legal entities. This type of bank account is known as a non-resident bank account or NRA, and it can be opened in one of the People’s Republic of China’s (PRC) banks. Lets discuss it more in depth today!
Website: https://www.carlodandrea.it Twitter: https://twitter.com/DAndreaCarloD Amazon: https://www.amazon.com/COMMERCE-CHINA-Doing-business-China-ebook/dp/B09N3DZWGB/ref=sr_1_2?crid=2JIWP6K94MO8B&keywords=e-commerce+in+China&qid=1644894411&sprefix=e-commerce+in+china%2Caps%2C318&sr=8-2
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