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HainanInc

Company Formation and Market Entry

Bank Account Opening

Bank accounts opened on the first attempt — the file pre-cleared with the bank and every appointment attended with you.

How we deliver

  • On-site in Hainan

    Our staff attend the authorities, the bank or the port in person.

  • Remote, by power of attorney

    You sign once; we act for you without you travelling.

  • Typical timeline

    Typically 1–3 weeks from business licence, depending on the bank's review.

Corporate RMB and capital accounts opened with banks in Hainan, foreign-exchange registration completed, and EF accounts arranged where your structure uses one.

What we handle

  • Bank chosen for your transaction needs: RMB basic account, foreign-currency capital account, trade settlement
  • Account-opening file pre-checked with the bank's account team before submission
  • Appointment scheduling, and an interpreter at the bank interview
  • Foreign-direct-investment registration so capital injections can be received
  • Multi-functional free trade (EF) account where the structure and the bank support it
  • Online banking, payment tokens and authorised signatories set up

How it works

  1. 01

    Bank match

    We shortlist banks that accept your ownership structure and transaction profile.

  2. 02

    Pre-review

    Your file goes to the bank's account team before the interview, so issues are fixed in advance.

  3. 03

    Interview

    The legal representative attends one appointment, or a video verification where the bank allows; we attend and interpret.

  4. 04

    Activation

    Accounts activated, online banking and signatories configured, foreign-exchange registration completed.

What we need from you

  • Business licence and company seals (we can hold them for the day)
  • The legal representative's passport and, where asked, proof of address
  • Ownership chart up to the ultimate beneficial owners
  • Expected transaction volumes, counterparties and source of funds

Good to know

Approval is the bank's decision and no adviser can guarantee it. What we control is the completeness of the file and the choice of bank, which decide most outcomes.

Case study

Untangling an SPV's Reporting Obligations After a Structure Change

A special purpose vehicle connected to a financing transaction changed its asset composition mid-year, and the regulatory reporting calendar built for its original structure no longer matched what was actually required.

Composite illustration based on common engagement patterns; not a specific client.

Discuss Bank Account Opening with our team

We do the work on the ground in Hainan — at the registration hall, the bank, the port and the exit-entry bureau — or remotely under your power of attorney, with one accountable manager from incorporation to annual filings.

We make Hainan navigable.

The Free Trade Port rewards preparation and penalises gaps in compliance. Our role is to shorten that learning curve: one engagement, one accountable team, and a documented path from first assessment to ongoing compliance.