This view is not comprehensive.
Actually, offshore account refers to an account opened by a non-Hongkong local bank.
Local account: refers to an account opened in a local bank in Hong Kong.
The difference between offshore account and local accounts: local accounts have bank cards, which can be withdrawn at home.
Offshore account is just an account number, so you can't withdraw cash in China. You can only transfer money online to settle foreign exchange.
Relatively speaking, local hukou is more favorable.
After registering a Hong Kong company and opening a company account, how can I withdraw the US dollars received in the account?
Accounts opened in the name of Hong Kong companies, whether local accounts in Hong Kong or offshore account, can be transferred to domestic personal accounts through online banking.
Or domestic company accounts can be re-settled, and there is no problem with public-private transfer.
Please pay special attention to the following items when transferring Hong Kong offshore company accounts to domestic personal accounts:
1. Now many banks need to provide labor services or entrust contracts to transfer money to domestic personal accounts.
2. Don't transfer too much money. Generally, it is recommended that the amount should be within $65,438+0,000, otherwise it needs to be reported by SAFE.
3. It is generally recommended to use China Bank or China Merchants Bank, which is easier to record?
4. Transfer time, generally 2 working days.
Labor fee and commission contracts can be signed with Hong Kong companies.
6. If remittance is used to write payment, it is generally not recorded. If possible, it is generally necessary to provide the corresponding contract; Suggest writing translation fees, allowances, bonuses, etc.
7. At present, some banks need to provide tax payment certificates for foreign exchange settlement, which means that sub-banks cannot settle foreign exchange, and now domestic banks use them more.
How many dollars can a domestic personal account receive from offshore account in a year? Does the payee need to pay taxes in China after receiving US dollars?
There is no one-year limit for personal account transfer in offshore account, but if you transfer a large amount of US dollars at one time, the bank will ask you to declare, so I suggest that you can transfer a small amount of money several times to avoid this trouble. In addition, this declaration has nothing to do with the personal income tax of the payee, which does not mean that the tax will be paid immediately after the declaration. At present, in China, the personal income is more than 654.38 yuan+2,000 yuan, which has nothing to do with whether to transfer money in offshore account.