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Article NO. Content


Offshore Banking Act  CH

Amended Date: 2016.12.28 
Article 4-1 An offshore banking branch may authorize a bank which has been designated by the CBC to engage in foreign exchange business (a "Designated Bank") to handle the business activities set out in paragraph 1 of the preceding article. Such business handled by a Designated Bank shall be booked in its offshore banking branch.
The businesses which may be authorized to be handled by the Designated Bank includes cross straits financial activities approved by the competent authorities in accordance with the Act Governing Relations between the People of the Taiwan Area and the Mainland Area. The control and supervision of such activities shall be handled in accordance with the regulations related to cross straits financial activities. The offshore banking branch shall coordinate and be responsible for such control and supervision.
If the Designated Bank charges the offshore banking reasonable fees for handling any of the offshore banking's activities in order to pay for operating costs, such fees shall be booked as the Designated Bank's income and be duly subject to taxation; if the Designated Bank does not charge the offshore banking branch any such fees, the costs for handling the offshore banking branch's businesses may not be booked as expenses.