sterling silver jewelry pieces to making wholesale The company wants to open a foreign currency account. What kind of qualifications do the company needs to open a foreign currency account? Is it possible for any company? What are the legal requirements for opening a foreign currency account, how to handle it in a bank, etc., thank you, help!
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wholesale fashion jewelry supplier 1. As follows
"Regulations on the Management of Domestic Foreign Exchange Accounts"
It domestic institutions meet the following conditions, you can apply for foreign exchange accounts abroad:
(1) Regular sporadic abroad Increase needs to open a foreign exchange account overseas to collect the income after integrating the income;
(2) Regular sporadic expenditures abroad must open a foreign exchange account overseas;
(3 3 (three 3 ) If you are engaged in overseas contracting projects, you need to open a foreign exchange account overseas;
(4) Foreign currency securities abroad must open a foreign exchange account overseas; Special needs must open foreign exchange accounts abroad.
Fifth
This institutional institutions open a foreign exchange account overseas, and apply to the Foreign Exchange Bureau with the following documents and materials:
(1) Application for the Code. The application should include the reasons for account opening, currency, the highest account amount, use, scope of revenue and expenditure, period of use, bank to open account and its location, etc.; Copy;
(3) internal management regulations used by overseas accounts;
(4) Other documents and materials provided by the Foreign Exchange Bureau.
If in an overseas contracting project, in addition to providing the above documents and materials, it should also provide relevant project contracts; if foreign investment companies open a foreign exchange account overseas, in addition to providing the above documents and materials, they should also provide "Foreign Examples and Foreign Examples "Investment Enterprise Foreign Exchange Certificate" and registered capital firms verified by the registered capital verification certificates in place.
The 6: The foreign exchange bureau shall reply within 30 working days from the documents and materials stipulated in the previous article.
: After approval by the Foreign Exchange Bureau, domestic institutions can open a foreign exchange account abroad.
. The account opening process
1. Any domestic institution and resident institution (hereinafter referred to as account opening unit) that comply with the "Provisions on the Management of Foreign Exchange Accounts" can open a foreign exchange account.
2. When applying for an account opening, the account opening unit can choose to open an account for its own situation according to the situation of the unit. All banks and branches that operate foreign exchange business and their branches.
3. The account opening unit shall provide all the materials required for the account opening in accordance with the requirements of our bureau. After the account opening is approved by our bureau, it shall go to the account opening procedure within 30 working days with the "Approval of the Foreign Exchange Account" within 30 working days. The account opening bank shall fill in the "Council of the Foreign Exchange Account Approval" and refund the account opening unit. The account opening unit must hold a return to the Foreign Exchange Administration to receive the "Foreign Exchange Account" within 5 working days after the account opening. Those who exceeded 30 working days and the account opening unit did not go to the bank to open the account opening procedure, the "Approval of the Foreign Exchange Account" issued by the Foreign Exchange Bureau automatically used it.
4. In principle, one account opening unit is allowed to be opened in principle. If it is necessary to open more than two accounts due to business needs, the foreign exchange bureau will strictly approval according to the specific situation.
5. If the account opening unit loses the "Approval of the Foreign Exchange Account" or the "Foreign Exchange Account Use Certificate", it must be reported to be invalidated, and the reporting statement and the application for re -application to apply for the re -processing procedures.
extension information
"Regulations on the Management of Domestic Foreign Exchange Accounts"
Within a working day, the foreign exchange notice notice of foreign exchange accounts will be filed for the foreign exchange account, and the balance is adjusted back to the country and provided the account list; if it needs to be extended, it shall submit a written application to the Foreign Exchange Bureau within 30 working days before the expiration date. It can be continued after approval by the Foreign Exchange Bureau.
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The domestic institutions shall preserve the complete accounting information of its foreign exchange accounts. Domestic institutions shall provide a copy of the bills of account opening to the bank in the last quarter of the foreign exchange bureau within 15 working days on the beginning of 15 working days; the foreign exchange bureau provides a written explanation of the previous year's use of funds before January 30.
The
If in domestic institutions have one of the following actions, the Foreign Exchange Bureau shall order correction, revoke an overseas foreign exchange account, notify criticism, and impose a fine of less than 300,000 yuan to RMB 50,000:
(1) In violation of the provisions of Article 7 and 14 of these regulations, those who open or extend the use of foreign exchange accounts without permission;
(2) violation of the provisions of Article 8 of these regulations, and unauthorized authorization Those who open an overseas foreign exchange account in the name of others;
(3) In violation of the provisions of Article 12 and 13 of these regulations, those who lease, lend, and use overseas foreign exchange accounts will change their foreign exchange account accounts without authorization. The scope and maximum amount;
(4) It violates the provisions of Article 5, Ten, Thirteen, 14, and 15 of these regulations. Article 10, 14, and 15 provides documents and information to the Foreign Exchange Bureau;
(6) Other behaviors that violate these regulations.
Reference information on Baidu Encyclopedia domestic foreign exchange account management regulations
wholesale usa wholesale jewelry Foreign exchange account account opening process:
. The category of foreign exchange accounts
If in accordance with the "Regulations on Domestic Foreign Exchange Account Management", "Regulations on the Management of Foreign Exchange Accounts", "Regulations for the Reserved Emperor's Emperor's Reserved Emart Enterprises", it currently needs to be on Frequent foreign exchange accounts approved by the State Administration of Foreign Exchange include two categories:
1, foreign exchange settlement accounts;
2, special accounts for foreign exchange.
The Chinese -funded enterprises that meet the prescribed conditions can apply to the foreign exchange bureau to open a foreign exchange settlement account at the designated foreign exchange bank of Chinese -funded foreign exchange to retain a certain limit of foreign exchange.
Stceded foreign exchange accounts include: agency import, trade special, contracted labor service, donation aid, special agent, international freight, international exchange, international travel agencies, duty -free goods and temporary reciprocating foreign exchange accounts that need to be opened in China And contracted labor services need to be opened abroad abroad.
. The basic requirements of the foreign exchange account review materials
1. If a foreign exchange account is required, the application for account opening should be a formal official letter. The source and use of foreign exchange funds, the account opening bank, and account opening currency. The original and its photocopy of the materials;
extension information: Establish and use foreign exchange accounts, there are five basic principles:
1. Principles of approval system. The establishment of a foreign exchange account shall apply to the local Foreign Exchange Administration to apply for the corresponding material. With the local foreign exchange administration "Establishment of the Foreign Exchange Account Approval Letter", the local bank is set up to the local bank to set up foreign exchange accounts. After approval by foreign exchange management agencies or permissions stipulated in the law, banks can set up foreign exchange accounts for customers and apply for foreign exchange settlement within the scope of foreign exchange activities approved by the Foreign Exchange Administration.
2. The principle of limit management. This is the embodiment of the current principles of foreign exchange and sales. It allows the establishment of an account to retain foreign exchange. Although it is a special case of foreign exchange and sales, it does not mean that the account balance can be expanded infinitely. Therefore setting. The management of frequent project foreign exchange accounts, as a supporting measures for the settlement and sale system, is implemented on the premise of ensuring the smooth implementation of the foreign exchange system, allowing enterprises to retain a part of foreign exchange and reduce the loss of buying and selling fees and the loss of handling fees. Fund deployment also provides convenience to the settlement of the enterprise. Foreign exchange funds that are temporarily idle in foreign exchange accounts can be stored in the account. With the approval of the foreign exchange management department, it is also allowed to be converted to regular deposits of foreign exchange. This is a reasonable economic behavior of the enterprise. Without the approval of the local Foreign Exchange Administration to transfer regular deposits of funds in foreign exchange accounts, it is a kind of management behavior of evasion limit.
It details can be detailed from Fuhui Global Jinhui.
3. The principle of authenticity. All types of accounts have their own scope of income and expenditure, and they cannot be used and switched to him. For example, the special accounts cannot be used as a foreign exchange settlement account; the foreign exchange margin account is a dedicated account established by the bank to avoid risks and settle the settlement of credit. Foreign exchange receivables directly on the foreign exchange deposit account.
The foreign exchange administration bureau's use of the use of foreign exchange accounts and its authenticity of the enterprise, and the annual inspection system is implemented. The accounts that have passed the year -on -year inspection are allowed to continue to use; if the unqualified account, if the illegal circumstances are light, they shall be ordered to make corrections within a time limit. After the correction, it shall be allowed to continue to use. The suspension of foreign exchange accounts cannot be used for foreign exchange receipt within the prescribed period.
4. Principles of compliance. The foreign exchange account involved in the foreign exchange unit can only be established. Various currencies are regarded as an account in the same bank. To establish a second account must be approved by the local foreign exchange administration. Without the approval of the Foreign Exchange Administration, the same bank or in different banks cannot open an account.
5. Principles of exclusiveness. Foreign exchange accounts are dedicated to the approved founders. They must not borrow, use, and transfer their accounts to others.
Reference materials: Baidu Encyclopedia-Foreign Exchange Account
wholesale handbags and jewelry from china 1. Alternative institutions, stationed agencies, individuals and personnel come to China.
. But domestic institutions and stationed institutions generally do not allow opening foreign currency cash accounts. Individuals and people coming to China generally do not allow foreign exchange accounts for settlement.
2. The legal specifications related to the opening of foreign currency accounts can be referred to:
The notification silver hair of the People's Bank of China on issuing the "Regulations on the Management of Domestic Foreign Exchange Accounts" [1997] No. 416, October 7, 1997
3. Process:
In recent years, more and more companies have used Hong Kong's advantageous resources to develop their own mainland business, and the advantages of Hong Kong companies can open a foreign currency account have gradually been recognized by everyone.
registered and set up a Hong Kong company. Registering Hong Kong companies generally needs local addresses and legal secretarys (can be Hong Kong people or Hong Kong companies), and can be successfully set up to pay a certain fee to the Hong Kong Registration Office and the Business Registration Office, respectively.
In the bank. There are generally many banks that can open foreign currency accounts for Hong Kong companies, such as the Deep Development (Ping An Bank) in the Mainland, China Merchants Bank, Pudong Development Bank, etc. Overseas Standard Chartered Bank, HSBC Bank, Bank of New Zealand, Hang Seng Bank, and so on.
bring the company's documents to the bank to open an account. All banks, such as Mainland banks and foreign banks, have different materials. For example: After a certain period of time, HSBC's account opening required business certification materials for Hong Kong companies can take the customer's contract.
Extended information:
In inner institutions (except foreign investment enterprises) shall apply for an account to open an account to the Foreign Exchange Bureau with the following materials, and fill in the "State Administration of Foreign Exchange Administration to open the foreign exchange account approval letter". The financial institution opened a foreign exchange account. Within 5 days after opening the account, the "Foreign Exchange Account Use Certificate" was collected from the foreign exchange bureau within 5 days:
(1) the report to apply for a foreign exchange account; The nature of the unit provides a business license issued by the industrial and commercial administrative department or the community registration certificate issued by the civil affairs department or the valid approval approval approved by the state authorized authority; (4) The corresponding contract, agreement or other related materials provided by the Foreign Exchange Bureau
Reference materials: Notice of the People's Bank of China on issuing the "Regulations on the Management of Domestic Foreign Exchange Accounts"
how to get custom jewelry made wholesale my country's Foreign Exchange Administration stipulates that domestic institutions (excluding financial institutions) that meet one of the following conditions can apply to the State Foreign Exchange Administration and its branches (referred to as Foreign Exchange Bureau) in the local area The management department approves foreign exchange income with foreign exchange related rights or frequent projects;
The foreign exchange income with special sources such as donations, assistance, and international postal exchange.
Stceded foreign exchange accounts include: agency import, trade special, contracted labor service, donation assistance, special agent, international freight, international exchange, international travel agencies, duty -free goods and temporary reciprocating foreign exchange accounts that need to be opened in China And contracted labor services need to be opened abroad abroad.
The method of using overseas companies to open foreign currency accounts
In addition to using domestic domestic companies to open foreign currency accounts, there are more convenient ways to operate, which is convenient for overseas companies to open an account. Both overseas companies can open bank accounts that support foreign currency currencies in overseas banks and mainland banks. Below we will introduce how to use Hong Kong companies to open foreign currency accounts.
In recent years, more and more companies have used Hong Kong's advantageous resources to develop their own mainland business, and the advantages of Hong Kong companies can open a foreign currency account have gradually been recognized by everyone.
registered and set up a Hong Kong company. Registering Hong Kong companies generally needs local addresses and legal secretarys (can be Hong Kong people or Hong Kong companies), and can be successfully set up to pay a certain fee to the Hong Kong Registration Office and the Business Registration Office, respectively.
In the bank. There are generally many banks that can open foreign currency accounts for Hong Kong companies, such as the Deep Development (Ping An Bank) in the Mainland, China Merchants Bank, Pudong Development Bank, etc. Overseas Standard Chartered Bank, HSBC Bank, Bank of New Zealand, Hang Seng Bank, and so on.
bring the company's documents to the bank to open an account. All banks, such as Mainland banks and foreign banks, have different materials. For example: After a certain period of time, HSBC's account opening required business certification materials for Hong Kong companies can take the customer's contract.
snaps jewelry wholesale Materials required for opening foreign exchange accounts
1. Chinese -funded enterprises regular project foreign exchange settlement accounts
(1) The total annual import and export of foreign trade companies with import and export management rights is waiting The value of more than 30 million US dollars and a registered capital of more than 10 million yuan or more; the annual import and export value of production enterprises with import and export management rights is equivalent to more than 10 million US dollars, and the registered capital is more than 30 million yuan;
(2) It is a legal person registered in the industrial and commercial administrative department;
(3) Good financial status of the enterprise
The annual import and export amount: refers to the customs declaration of production companies with foreign economic and trade companies or import and export management rights The actual amount of imports and exports based on the statistics alone.
2. Special account of Chinese -funded enterprises
(1) Import agency under trade, special trade account 2. Receive and re -export trade, etc.) Materials are required: A) Account application letter; b) business license; c) the Ministry of Economic and Trade's approval of foreign operating rights; D) Contracts related to account opening; Foreign exchange source materials; F) other materials required by the foreign exchange bureau;
(2) Donation and assistance foreign exchange accounts must provide materials: A) Account application letter; b) Some units must provide community registration certificates or The People's Bank of China's approval of the establishment of the foundation; c) the donation agreement, willingness letter or assistance agreement; n (3) Foreign exchange accounts for special agency business must be provided: A) Account application letter; b) business license; C) the approval of the state authorities, committees, and bureaus to operate relevant agency business; Approval certificate for international cargo transport agent enterprises;
(4) International marine transportation business and ocean transportation companies, foreign transport companies and charterer companies must provide materials: A) Account application letter; B) business license; C ) Approval parts of the competent authorities such as the Ministry of Communications;
(5) Foreign exchange accounts of international travel agencies must be provided: A) Account application letter; b) business license; c) the approval of the National Travel Agency's qualifications for international travel agencies; D) The previous year's "Cumulative Cumulative Deposit Application Form of the Year of the Journal of Travel Agency" approved by the State Tourism Administration "
(6) Other categories
special circumstances, provide relevant account opening materials in accordance with the requirements of the Foreign Exchange Bureau