Traditional Culture Encyclopedia - Traditional customs - Just starting out in foreign trade, can I go to Hong Kong to open a personal account to receive remittances from foreign customers? Or go to the United States (or Dubai) to do a personal account?

Just starting out in foreign trade, can I go to Hong Kong to open a personal account to receive remittances from foreign customers? Or go to the United States (or Dubai) to do a personal account?

It is possible to go to Hong Kong to open a personal account, the problem is that foreign customers will remit payment to a personal account in Hong Kong?

If you're just starting out, it's better to do it normally and just collect the money at home.

Your business is bigger, you can go to Hong Kong to open a registered company, the cost of registering a company in Hong Kong is very low.

Then go back to your home country, open an offshore account in the domestic bank, you can use this Hong Kong company and foreign customers to do business,

Remittances to this Hong Kong company.

Then you can operate this offshore account through the internet banking of the domestic bank,

A lot of companies do this at the moment.

By the way, if you want loose management and low tax, you can go to the British Virgin Islands to register a company.

If you're just starting out in foreign trade, you don't necessarily need to register an offshore company, it's relatively costly when you don't have a lot of business

Not recommended.