How to transfer US dollars from offshore company accounts in Hong Kong to domestic personal accounts?

China's per capita foreign exchange settlement and sale amount is equivalent to $50,000 per year (inclusive). According to the regulations of the State Administration of Foreign Exchange, the foreign exchange savings accounts of domestic residents shall not be used for enterprise settlement in principle. Remittances from overseas companies to domestic individuals cannot be recorded in the following cases in principle:

1. The other party is a securities company or an investment company;

2. Remittance postscript can be regarded as trade payment;

3. The payee declares that the money belongs to capital or trade payment;

4. Other funds that the local foreign capital management department thinks cannot be accounted for. If the money does not belong to foreign exchange for trade and investment, it can generally be recorded, but the bank will also review the authenticity and legality of the money.

Extended data:

The US dollar in the account can only be transferred to the domestic company or individual account in foreign currency, and then the foreign exchange can be settled; If you need to transfer money in RMB, you can only transfer it to the domestic company account after purchasing RMB from the account, and you need the corresponding trade contract to settle in RMB.

The account opened by an offshore company is called offshore account, which is free to receive and pay foreign exchange, and is not subject to the supervision of SAFE. The opening bank can also choose a domestic bank. Its disadvantages are:

1, cash withdrawal or withdrawal cannot be made directly.

2. If there is no RMB currency, even if there is RMB currency, it will be used as foreign exchange currency. So no matter how much RMB you say, you can change it into dollars at will, but you can't withdraw it directly. How to remit money to offshore account is not to deposit it in RMB, but to exchange it freely.

Baidu Encyclopedia-offshore account