Open a Bank Account in China

A business bank account is a mandatory request for company formation in China and it is used for paying in the registered capital (there is no statutory minimum) and for further financial operations. You can ask for complete support and guidance from our team of specialists in opening a company in China.

Who can open a bank account in China in 2026?

International investors or foreign citizens who want to open a bank account in China in 2026 are suggested to get in touch with our specialists for help and guidance.

What types of bank accounts can you help me set up in China?

Our consultants offer tailored assistance to foreign clients, regardless of the type of bank account they want to open. We can provide legal representation in the registration of the following categories of bank accounts:

1. corporate RMB account;
2. corporate USD account;
3. company capital bank account (a type of account designed for foreign direct investment transactions);
4. personal bank account.

Here is an infographic that explains how you can open a bank account in China in simple steps:

What are the necessary documents for opening a corporate bank account in China in 2026?

The following information is necessary when setting up a bank account in China in 2026:

• the Certificate of Registration of your company in China;
• a copy of the business license of your firm in China;
• the Articles of Association with complete information about the owners, the board of managers;
• details about the legal representative of your company in China.  

What documents must I prepare if I want to open a personal bank account in 2026?

For personal bank accounts, foreign clients must prepare the following documentation:

1. identification document (passport);
2. the application form;
3. residency information;
4. the permit under which the foreigner stays in China (employment, study, etc.):
5. a local phone number.

Please mind that the requirements can vary from one banking institution to another, and this is why we recommend you address our team for advice.

Are there any costs associated with opening a bank account in China?

Yes, clients can be charged with various fees, which vary in accordance with the type of account selected. Provided that you want legal representation during the procedure, our company formation specialists will charge legal fees for their services.

What are the fees charged by your team for the setup of a bank account?

In the list below, our specialists in company formation in China present the fees they charge for the registration of various types of bank accounts:

1. opening an RMB corporate bank account – the fees range from USD400 to USD650;
2. opening a capital corporate bank account – we charge between USD 400 and USD550;
3. those who want to open a bank account in Guangzhou are charged with a fee of USD 200, regardless of the type of account they want to set up.

 Why do I need a bank account in China?

If you would like to set up a company in China, a bank account is necessary for paying in the registered capital (no statutory minimum; to be paid within 5 years under the 2024 Company Law) and for future financial operations in the firm. Individuals who plan to relocate to China for a longer period of time are also advised to set up a bank account for various personal purposes.

In what foreign currencies can I set up a bank account in China?

There are a variety of foreign currencies, and mostly refer to international, reputable currencies, such as:

1. USD (American dollar);
2. EUR (Euro);
3. GBP (British pound);
4. AUD (Australian dollar);
5. CHF (Swiss franc);
6. HKD (Hong Kong Dollar);
7. CAD (Canadian dollar), etc.

What types of services can I obtain by having a bank account in China?

Depending on the bank you have chosen, a corporate bank account in China can include:

1. e-banking;
2. ATM;
3. debit card;
4. Yuan checkbook;
5. single or multi-currency corporate accounts;
6. dedicated bank personnel;
7. banking application for your phone.

The video below explains how you can open a bank account in China: 

How long does it take to open a bank account in China?

Your account details can be received in a couple of days, as soon as all the formalities and approvals are made. However, the timeframe can be influenced by the type of account you need. For instance, the setup of a capital corporate bank account can take at least 10 days up to 15.

Do I need to travel to China to open a bank account?

No, there is no need for you to travel to China to open a bank account. You can appoint us with the power of attorney and let us handle the process for you.

Can I open a bank account for my minor children?

If you plan to relocate to China for business or personal reasons and you arrive here with your family members, children included, please know that the Chinese banking system provides tailored banking services, addressed to children under the age of 18. However, special conditions must be met (our consultants can offer the necessary information).

We kindly invite you to get in touch with our team of company formation consultants in China if you are interested in opening a business bank account. Also, natural persons can ask for our help in this sense.