Author: Alena Dunaeva
Attorney, Family Office
Company Documents
Different sets of documents are required for a company depending on the country of registration.
Hong Kong
Singapore
UAE
If your company is registered in another jurisdiction we will need to clarify the list of required documents with the bankers.
Company Information
Regardless of the country of company registration the following information about the company must be provided:
- description of the company’s activities in 2–3 sentences (including the services provided/goods sold)
- website (if available)
- estimated annual revenue
- names of 3–4 counterparties and their countries of incorporation
Verification of Persons for Token Issuance
When using CZCB banking you will be issued two physical tokens: Operator and Authoriser. The Operator token is used to fill in transaction information and upload documents. The Authoriser token is used to approve transactions.
Tokens must be issued to two different individuals. Both individuals must undergo identity verification. Verification can be completed in three ways:
- In-person visit to the bank in Shanghai
- Sending the original international passport
- Sending an apostilled copy of the international passport
Services of private.law
Service Scope
The services include:
- preparation of documents for account opening
- negotiations with the bank on behalf of the client
- submission of physical documents to the Shanghai branch of the bank
- office rental for confirmation of company address in Shanghai
- opening an account in one currency
List of available currencies: CNY, USD, EUR, RUB, HKD, SGD, AUD, GBP.
Service Stages
- Collection of documents — 1–3 weeks (depending on the client)
- Preliminary KYC process — 2–3 weeks
- Opening of CNY account — 2 weeks
- Opening of accounts in other currencies — 1 week
- Delivery of tokens — 1–2 weeks
Incidental Expenses
Translation of Documents into Chinese
All corporate documents must be translated into Chinese. A simple translation without notarisation or apostille is sufficient.
Translation into Chinese is not required for companies registered in Hong Kong.
The private.law team can assist with arranging the translation. The cost of translation is subject to agreement.
You may arrange for the translation of corporate documents yourself and send us scans.
Apostille
If you choose verification of the person to whom the token will be issued by means of an apostilled notarised copy of the international passport, you may alternatively choose another verification method.
The private.law team can assist in arranging apostille services in the Russian Federation for a Russian international passport:
You may arrange the apostille yourself and send us scans.
Delivery
You will need to send documents to China in the following cases:
- If you choose verification of the person to whom the token will be issued by means of an apostilled notarised copy of the international passport
- If you choose verification of the person to whom the token will be issued by sending the original international passport
- If you decide to send a ready-made company seal for affixing it to the account opening documents
You will need to receive documents from China in the following cases:
- If you choose remote account opening — physical tokens and account documents will be sent to you
Use of Online Banking
You can use the instructions below to operate the banking system:
Login to CZCB Personal Account Making Payments in CZCB Assistance with Using CZCB BankingContact Information
If you have any questions or require a consultation, our experts will be happy to assist you.
Private.law Attorneys
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