Offshore Banking Unit (OBU)

Utilisation of Offshore Banking Unit ("OBU") ensures integration of internal resources and reducing of burdens for businesses. For trade business in the Greater China Area or Multiple Trade, this program offers you the most professional integrated solutions to enhance your capital utilisation efficiency while increasing corporate competitiveness. In doing so, the Standard Chartered Bank (Taiwan) Limited has become the best banking partner for small and medium enterprises in their exploration of offshore businesses.
When businesses establish offshore companies and OBU accounts, they'll be able to have capital adjustments in the international financial market. Or, they can engage themselves in the Multiple Trade practices by receiving orders through offshore companies, exporting from Taiwan and then collecting payments by offshore companies. Businesses can therefore obtain the most favorable financial planning and exploit the most out of their financial operation. Losses from exchange rates incurred when profits from offshore companies are first remitted back to Taiwan parent companies before being remitting outward later can therefore be avoided. In the meantime, these practices are free from Taiwan's limits on foreign currency inward/outward remitting.
Deposit interests from OBU account are entitled to tax exemption and they are also free from the limits imposed by normal domestic financial regulations. There is no obligation to report inward/outward remitting. This ensures businesses of flexible capital adjustments, convenient offshore investments and exploration of international trade.
Complete financial management tools include daily business processing, short term and long term investments, financial leverage and international remitting service. We also provide you with more efficient corporate cash flow management, foreign currency transaction service and international financial market information to allow you to monitor both domestic and offshore capital flows and to ensure normal profit stability for your business.
