How do individuals collect foreign exchange and how do foreign trade collect foreign exchange?

In foreign trade, collecting foreign exchange is something that every foreign trader must do. The following are some main ways for China to collect foreign exchange.

1. Domestic personal account

Your personal foreign currency account opened in China can accept foreign currency, and you can handle it with documents. It is suitable for small sums of money. But there are restrictions on cash withdrawal and foreign exchange settlement. Withdrawal of cash shall not exceed 1 10,000 USD per day or equivalent in other foreign currencies, and shall not exceed 50,000 USD or equivalent in foreign currencies per year. In mainland China, due to foreign exchange control, personal accounts are restricted to remit money to company accounts, and the money in your personal accounts cannot be transferred out freely. Of course, it is possible for SOHO, which has just started.

2. Agents of domestic companies

Many foreign traders collect money for you through foreign trade agencies and agencies, and pay you without agency fees. Be sure to find a reputable organization, or it will be very troublesome to owe you money.

3. Offshore company accounts (taking Hong Kong companies as an example)

There are two kinds of accounts in Hong Kong companies: one is a local account opened in Hong Kong, and the other is a offshore account opened in China. Foreign banks: Hongkong and Shanghai Banking Corporation, Hong Kong Hang Seng Bank, Dutch Standard Chartered Bank and Hong Kong East Asia;

Domestic banks: China Merchants Bank, Shenzhen Development Bank, Shanghai Pudong Development Bank, Xiamen International Bank and Ningbo International Bank.

Each bank has different requirements and different handling fees.

A. After registering a Hong Kong company, you can open an account in Hong Kong, such as HSBC, Standard Chartered Bank and Hang Seng Bank. Funds entering and leaving Hong Kong accounts are not subject to foreign exchange control.

B: After registering a Hong Kong company, the foreign exchange in and out of offshore account opened by a Hong Kong company in China is free, allowing you to receive and transfer foreign exchange freely. You can transfer your money to your mainland factories or foreign trade companies without restrictions. Some foreign banks in China can transfer offshore account's funds into personal accounts in the form of commissions and then withdraw them. At present, there are restrictions on personal account withdrawals, and the annual foreign exchange settlement cannot exceed 50,000 US dollars. If the amount is large, it can also be transferred to the accounts of relatives and friends.

Of course, you can't open offshore account without an offshore company. In particular, some banks have to check their books, which is more troublesome. Some banks even check it every year. Therefore, the premise of offshore account is to have offshore companies (the procedures for registering offshore companies are simple and the cost is not very high).

If you use offshore companies to operate trade, there are still some disadvantages compared with domestic foreign trade companies. After all, you are an overseas company, but some advantages are incomparable to domestic import and export companies, so many import and export companies will also operate this account. Because, for example, a foreign trade company, you have to apply for export rights after registration, and it has a turnover of 6.5438+0.8 million RMB. For many foreign traders, the purpose of this offshore company is to open a offshore account to facilitate foreign exchange collection, so it is most important that your offshore account can collect foreign exchange reasonably and legally.