How can offshore account's dollars be settled through Yiwu self-employed households?

Hello, I'm glad to answer your question.

Handling offshore companies and opening offshore account have facilitated many enterprises and individuals engaged in international trade. Offshore account is not controlled by domestic and foreign interests, and it is convenient to receive US dollars and foreign currencies. However, settlement of foreign exchange has become a headache for many people. What are the formal settlement methods?

There are the following formal channels for foreign exchange settlement:

1. Transfer to domestic companies with import and export rights to settle foreign exchange. This method is unlimited, but domestic companies have to pay taxes in the local industrial and commercial departments after receiving the money, and they need to issue relevant business certificates when settling foreign exchange.

2. Transfer personal card to settle foreign exchange. A person's ID card can only exchange 50,000 dollars a year. If the foreign exchange settlement is more than 50,000 US dollars, it needs to be transferred to multiple personal cards for foreign exchange settlement.

3. Transfer to the account of individual industrial and commercial households in Yiwu for settlement of foreign exchange, which can be settled indefinitely. This account is a personal settlement account and can be settled at any time through online banking. At present, most people choose to settle foreign exchange.

Foreign exchange settlement: USD, EUR, GBP, HKD, AUD, JPY and other commonly used currencies, and the exchange rate is settled according to the bank exchange rate.

Yiwu self-employed foreign exchange settlement advantages:

1. The state supports the policy of settling foreign exchange by handling its own settlement account.

2. There is no limit on the amount of foreign exchange settlement, and foreign exchange can be settled at any time without providing proof of business dealings.

3. The handling information is simple and the process is convenient.

4. There is no account management fee and no settlement fee.

5. Tax avoidance can be reasonable. Yiwu self-employed people don't have to do accounting and tax returns, and they don't agree with the Federation of Industry and Commerce.

I hope the answer will help you ~