What is the maximum amount that a company can remit overseas? Is there a limit?

Individual foreign exchange settlement and domestic individual foreign exchange purchase are subject to annual total management. The annual total is equivalent to 50,000 dollars per person per year. The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments.

Private and domestic residents remit money in foreign currency cash, and remit $50,000 or equivalent foreign currency from their accounts every day. Foreign residents remit money in foreign currency cash, with a daily amount of US$ 50,000 or equivalent in foreign currency. There is no restriction on remittance from accounts for the time being.

Extended data

Article 14 of the Detailed Rules for the Implementation of the Measures for the Administration of Personal Foreign Exchange shall be remitted abroad in accordance with the following provisions: if the accumulated foreign exchange in the foreign exchange savings account on the day of remittance is less than 50,000 US dollars (inclusive), it shall be handled at the bank with my valid identity certificate; If it exceeds the above amount, it shall be handled with the authenticity certificate of the transaction amount under the current account.

Hand-held foreign currency cash with a cumulative equivalent of less than $654.38 million on the remittance day shall be handled at the bank with my valid identity certificate; If the amount exceeds the above amount, it shall be handled by the authenticity certificate of the transaction amount under the current account, the Declaration Form for Luggage and Articles of Inbound Passengers in People's Republic of China (PRC) and China Customs signed by the customs, or the foreign currency cash withdrawal certificate of my original bank.

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