How to settle foreign exchange in offshore account?

As all foreign traders know, offshore account can accept US dollars indefinitely, thus solving the problem of foreign exchange collection. However, how to convert foreign exchange into RMB after receiving foreign exchange in offshore account is a problem.

Then I'd like to introduce you to a new method of foreign exchange settlement. Apply for individual industrial and commercial households in Yiwu, and open an account for individual industrial and commercial households, and you can settle 5 million US dollars a year. The specific settlement process is as follows: offshore account's money is transferred to the account of individual industrial and commercial households, and individual industrial and commercial households open a private account at the same time as opening a bank account. These two accounts are bound together. After receiving the US dollars from offshore account, the accounts of individual industrial and commercial households will settle foreign exchange through online banking, and the RMB settled will be transferred to the bound private account. After receiving the private account, you will allocate your own funds.

Very convenient, online banking transfer is enough, saving time and solving the trouble of foreign exchange settlement.

Registration of Yiwu individual industrial and commercial households requires materials;

1.？ The front and back of the registrant's ID card? Yes, the company name is Yiwu XXX e-commerce firm. Our company will complete the registration in 3-5 working days, and I can open an account in the bank after the license is processed.