How to settle foreign currency in Hong Kong company accounts?

Hong Kong company accounts belong to overseas accounts and cannot be settled directly. If you need to settle foreign exchange, you need to transfer it to a personal account or other domestic company accounts with import and export rights. If the amount is not large, only tens of thousands of dollars, you can directly transfer it to your own domestic private account and then settle foreign exchange. Each person in China has a foreign exchange settlement of 50,000 US dollars every year, and the funds can be transferred through online banking. If you need to settle more foreign exchange, you can ask your relatives and friends for help, and transfer the money from your Hong Kong company account to your relatives and friends' private accounts, so that they can settle foreign exchange for you separately. If the company account is in offshore account, it can only be transferred, and the funds in it cannot be withdrawn, so it needs to be transferred to a private account to settle foreign exchange. You can find relatives and friends to help settle foreign exchange, so the total amount of foreign exchange settlement will be more.

Of course, you can also open another private account in Hong Kong. First, transfer the foreign currency from the company account to the private account in Hong Kong, and then to the domestic personal account if necessary. Most conveniently, if the other party also has a Hong Kong company or a Hong Kong account. Then you can directly pay the payment to the domestic supplier, and the supplier can accept foreign currency, so you can directly transfer the foreign currency to him. If the supplier can accept remittance from private account, it can also be transferred to the supplier's private account, and then let the supplier settle the foreign exchange himself.