An Offshore Account is opened for an offshore entity to perform banking transactions.
Introduction
Benefits
– Target customer: an offshore entity which is a legal entity has been established and operated outside of Vietnam and is classified as a non-resident organization.
– Currencies: VND, USD, EUR, JPY/other foreign currencies are allowed according to regulations of the State Bank of Viet Nam
– Interest: based on the interest rate of the Demand Deposit Account
Required Documents
- Application for opening account cum deposit agreement
- Proof Document about legally establishing and operating of entities (Enterprise Registration Certificate/ Investment registration certificate..)
- Document to define legal reprensentative/ authorized person and information identify documents; document to defind Chief Accountant/ Person in charge of Accounting, authorized accountant and information identify documents
- Tax code certificate/ seal registeration (if any)
- Other document related to opening account in accordance with the regulation of Woori Bank Vietnam in each period
