As we all know, the funds in offshore account can only exist in foreign currencies such as US dollars, Hong Kong dollars and euros, but not in RMB.
So, how do you change offshore account dollars into RMB? This has become a concern of many self-employed individuals and enterprises.
How can offshore account's dollars be converted into RMB?
In the new regulations on individual settlement and sale of foreign exchange issued by the State Administration of Foreign Exchange in 2007, each person can only settle and sell foreign exchange of US$ 50,000 per year. An ID card can only settle 50,000 US dollars, and I need to do it myself to avoid using someone else's ID card to settle US dollars. Obviously, this rule has caused a lot of trouble. Therefore, after offshore account receives US dollars, how to convert offshore account's US dollars into RMB has become the focus of soho families, enterprises and individual traders.
In order to let more friends exchange US dollars and have a deeper understanding of US dollar settlement, Hong Kong Huanhai Registration Co., Ltd. introduces several common operation modes for your reference.
1. If the amount is not too much, you can deposit $50,000 from offshore account into your familiar relatives and friends' accounts to help them settle foreign exchange, which is also commonly known as income.
2. Some banks provide offshore account capital pledge and RMB loan business, that is, they open a offshore account in the bank, use the funds in the account as pledge, lend RMB in China, and the bank charges loan interest. At the same time, banks give deposit interest to pledged foreign currencies such as US dollars, reducing the cost of loans.
3. Open an account with Hongkong and Shanghai Banking Corporation or Standard Chartered Bank. Usually, these banks can apply for a business card at the same time when opening an account. This card can be used to withdraw local currency from ATMs designated around the world, Hong Kong dollars in Hong Kong and RMB in China. It is usually possible to withdraw RMB from ATMs of these banks and ATMs that accept foreign currency cards. At present, this business card can withdraw RMB equivalent to HK$ 20,000 every day, but the total amount is not limited. If it is equivalent to HK$ 20,000 a day, you can withdraw about HK$ 7.2 million a year.
The above is the most commonly used operation mode of offshore account Huanhai Registration Co., Ltd. for settlement of foreign exchange exceeding USD 50,000, and how to exchange USD into RMB, so as to exchange USD more easily.
The first way to exchange dollars-exchange dollars through the bank.
A person can exchange 50 thousand dollars a year with his ID card (currently stipulated). There are two ways to go through the bank. One way is to directly convert US dollars into cash, and then make an appointment with the bank. Only 1 10,000 US dollars can be withdrawn every day. If you want to mention it quickly, there are ways. Husband and wife can go together and run two households at the same time, which will be twice as fast.
Another way is through online banking. Strangely, online banking will be cheaper than bank counters. Perhaps this is why banks encourage the use of online banking.
As for which bank is better, it doesn't matter. China Bank has a lot of foreign exchange, but it's hard to read it carefully. It depends on when and where you are, and the service of China Merchants Bank is relatively better (or more complicated).
Because some countries stipulate that each ID card can only be exchanged for $50,000 a year at most, we should find ways to collect more foreign exchange. So, how can we collect more foreign exchange? Maybe many people want to exchange dollars with their trusted friends and relatives, but how much can you really trust, especially in the face of huge funds? So there are foreign trade settlement companies that slowly settle foreign trade in dollars.
The second way to exchange dollars-exchange dollars through foreign trade companies
Foreign trade companies are the best partners for small and medium-sized enterprises and foreign trade individuals (self-employed) to collect US dollars. They usually have high registered capital, strong ability to collect money in dollars and huge dollar backing. Be able to collect and exchange money for small and medium-sized enterprises and individual foreign trade personnel (individual self-employed); Because foreign trade companies are powerful import and export enterprises, their credit ratings are quite high and their reputation is good.
Through foreign trade companies, we not only don't have the so-called 50 thousand a year, but also don't have to pay attention to so many complicated regulations of banks (let foreign trade companies go by themselves, and powerful foreign trade companies usually settle accounts every month). At the same time, we can save a lot of money and exchange dollars at home without leaving home. As long as you provide the bank account number, a foreign trade company can transfer the US dollars to your bank card in real time at the agreed exchange rate, operate at the bank counter, collect the US dollars in front of the bank teller, and directly transfer them to the scalper card after payment. Don't worry about the authenticity of the dollar. The disadvantage is that it is difficult to find a suitable foreign trade company to exchange dollars. At the same time, whether the dollar is sufficient is also a big foreign trade company.
2. How is the money from public accounts transferred to private accounts?
Company accounts are not allowed to be transferred to personal deposits or personal accounts, but you can write transfer checks and borrow money. The Measures for the Administration of RMB Bank Settlement Accounts stipulates that the following funds can be transferred to individual bank settlement accounts:
1, salary and bonus income.
2. Income from labor services such as manuscript fees and performance fees.
3. Principal and income of bonds, futures, trusts and other investments.
4, personal creditor's rights or property rights transfer income.
5. Personal loan transfer.
6, securities trading settlement funds and futures trading margin.
7. Inheritance and donation.
8, insurance claims, premium refund and other funds.
9. Tax refund.
10, sales revenue of agricultural and sideline products.
1 1, other legal funds.
Extended data
A bank settlement account opened by depositors in accordance with laws, administrative regulations and rules for the special management and use of their special funds. Special deposit accounts are used to handle the receipt and payment of special funds, and special deposit accounts that allow cash withdrawal must be approved.
Capital construction funds, renovation funds, extra-budgetary funds, grain, cotton and oil purchase funds, unit bank card reserve funds, securities trading settlement funds, futures trading deposits, interbank funds deposited by financial institutions, income remittance funds and business expenditure funds, unit party, league and trade union organization funds and other funds that need special management and use according to regulations may apply for opening special deposit accounts.
Sogou encyclopedia-enterprise account number
3. Can the company account of China Industrial and Commercial Bank accept foreign currency?
China Industrial and Commercial Bank can accept corporate accounts in foreign currency and RMB.
Cross-border trade RMB business refers to import and export trade settlement and related supporting business declared and settled in RMB. As long as you open a multi-currency account required by the enterprise in ICBC, you can accept cross-border wire transfer remittance.
As a member of the international swift clearing organization, China Industrial and Commercial Bank provides you with multi-currency and fast cross-border remittance services by using advanced foreign exchange remittance and fund settlement system, strong domestic and foreign service network and correspondent bank resources.
Extended data:
Companies or units usually need company accounts when handling banking business. The following is the process for banks to handle enterprise accounts:
1. When opening an account, a legal person needs to go to the site and bring the original ID card, business license, articles of association and other materials;
2. Make an appointment with the bank account manager in advance;
3. Fill in the application form and sign it;
4. The bank uploads the application materials to the central bank. After the central bank agrees to open an account, it usually takes 5 working days to issue an account opening permit;
5. The bank account manager will inform the account holder to retrieve the certificate, U shield, etc.
6. The customer can operate the account balance.