1. Accept foreign exchange through affiliated companies.
That is to say, through a professional import and export agency, the agency is responsible for making export declaration materials, foreign exchange collection, foreign exchange settlement, payment to suppliers, verification, tax refund, and documents required for customs clearance, such as CO, invoice certification, certificate of origin certification, trade financing, and letter of credit certification. And pay the tax refund in advance.
The usual operation is as follows:
A. Individuals/self-employed persons sign contracts with customers on behalf of the agency company and pay the customers to the account of the agency company.
C after the settlement of foreign exchange, the agent company will pay the payment to the designated supplier account according to the instruction (the relationship between the agent company and the supplier is equivalent to domestic trade, provided that the supplier is a general taxpayer and can issue VAT invoices).
D, the factory starts production after receiving the deposit (just for example, the specific payment method is negotiated by the actual supply and demand sides). After the production is completed,
The agency is responsible for all customs declaration and export matters and required documents.
F after the export is completed, the agent will ask the factory to issue a VAT invoice according to the pre-recorded customs declaration form.
G. After the agency gets the VAT ticket, it will pay the profits and tax refund (advance payment) to the designated account (personal income tax is required, which can be deducted with the expense ticket).
2. Personal bank card collection of foreign exchange
It is becoming more and more difficult for personal accounts to receive foreign exchange. Foreign customers can accept a small amount if they make a phone call with a personal account. If they make a personal card from Gong Hu, it is generally not acceptable. Please consult the bank for details. Personal accounts are only suitable for small amounts of foreign exchange in case of emergency. Considering international remittance, intermediate banks generally charge 25-50 dollars, so PAYPAL or Western Union is a better choice.
Note: Personal accounts accept foreign currency payment, with a limit of 50,000 USD per year. This $50,000 is the sum of all bank cards, not $50,000 for each account.
Under normal circumstances, the trade flow of foreign exchange collection in personal accounts is as follows:
A. Make a PI for the buyer, and the account on the PI is a personal account;
B. the customer pays to the designated account;
C. arrange production after receiving the payment;
D, arrange the shipment, usually according to the declared amount, determine the shipping method:
Not more than 5000 RMB, and the invoiced weight is not more than 100kg, which can be declared informally and exported directly;
If you need to declare, you can export the bill;
Give the goods to the cooperative freight forwarder or courier agent, and the other party is responsible for all export matters.
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3. Receive foreign exchange through PAYPAL.
PAYPAL and Western Union are the best channels to collect small amounts of foreign exchange. PAYPAL is completely free to the payer, and the handling fee for the payee is usually RMB.
PAYPAL is also very convenient to collect money. You only need an e-mail address, and you can receive the remittance from PAYPAL whether you have registered with PAYPAL or not. Like Alipay, PAYPAL's remittance will arrive immediately. If your email address is not registered with PAYPAL, you can receive the remittance first and then register your PAYPAL account. It's quite convenient.
How to choose PAYPAL and T/T:
The intermediate fee for wire transfer is usually $ 25-50. Let's take the middle value and calculate it in dollars: divide it by dollars. That is:
When the remittance amount is less than $852, PAYPAL is used to collect money, so the bank fee is lower.
When the remittance amount exceeds $852, wire transfer means bank wire transfer.
Due to stricter foreign exchange control, it is increasingly difficult to withdraw US dollars from PAYPAL to domestic banks. At present, it is the best way to withdraw US dollars from PAYPAL to CCB, and it can be credited within 2000 US dollars. If it exceeds $3,000, it needs to fill out a filing form at the counter. This has been confirmed by many foreign trade peers, including Shenzhen, Guangzhou, Xi and Changzhou. If other banks are rejected, CCB can grant credit.
Another bank that can successfully grant credit is Chouzhou Bank, which needs individual industrial and commercial households in Yiwu to open. (PAYPAL doesn't take 50,000 dollars to withdraw cash to Chouzhou Bank. )
The general road map is as follows:
Alipay receives payment → Alipay withdraws cash to Yiwu individual dollar account → Yiwu individual settlement → Personal bank card.
You can withdraw the balance of your PayPal account to your local bank account in China, Hongkong or the United States. You can also apply for PayPal checks.
The method of withdrawing cash from PayPal account is as follows:
1, go to the account page.
2. Click on the withdrawal under PayPal balance. 3. Select the withdrawal method, and then complete the withdrawal according to the prompt.
The processing time of each withdrawal type may be different. View the following details:
4. Collect foreign exchange through Western Union.
Western Union is the world's leading express remittance company with a history of 150 years. It has the largest and most advanced electronic remittance financial network in the world, with agent outlets in nearly 200 countries and regions around the world. Western Union remittance is the most popular payment method for sellers, and the payee can receive as much as the payer pays. After the customer pays, the merchant usually receives the money in ten minutes.
Cost:
Western Union remittance tax rate table (except remittance to Africa)
Remittance Amount (USD) Handling Fee (USD)
Below, USD;
-US dollars;
-US dollars;
-US dollars;
-dollars.
How to collect Western Union remittance:
The method of collecting Western Union remittance is very simple. You don't need to open a separate account. You can pay through Western Union by providing the following information to the buyer:
The payee needs to provide information:
Name: Name (Chinese phonetic name)
Surname: Surname (Pinyin of Surname)
ID number: ID number.
Address: house number, street, city, country postal code (English address, this can be written as residential address or address on ID card, it doesn't matter).
Telephone number: Write only the telephone number.
As long as you provide the above information, you can receive the dollars paid by the buyer smoothly. After remittance, the customer will tell you an MTCN (Ten-digit Monitoring Number), through which you can check whether the remittance has reached Western Union official website. Note: Western Union remittance can also be refunded, so it must be taken out before delivery.
After you get the MTCN number, you can go to the nearest post office or Agricultural Bank to receive Western Union remittance.
5. Receiving foreign exchange by means of factory export.
This model is the best policy, and it is really the most helpless choice for SOHO. When guests insist on leaving important information such as their own brands on the packaging or products, or for other reasons, it is inevitable that guests will have contact with the factory. SOHO has only one choice-to lend flowers to Buddha and ask both parties for commission as a reward. If there are no special circumstances, SOHO should be prepared to be abandoned by both parties at any time.
Of course, nothing is absolute. If the relationship between SOHOer and the factory is iron, then this method is a good one.
How to avoid risks
In the past, when mixing small household appliances foreign trade groups, the group owner Ge Fei once gave the author several small ways to avoid being attached to the factory and shared them with friends for reference:
The key to success is to be a good supplier first. Supplier requirements: good quality, decent scale, good character, it is best not to export. First, the villain is a gentleman, and there are two at home.
Make a factory name website of your own, and leave your information, address and certification in the company introduction and contact information of the website. In this way, the operating space is relatively large, and it is also possible to collect/export money with the factory account. When you have your own company and account, just write a change statement on the website, because for customers, the company's independent website is highly authoritative.
The signature department uses double heads, leaving its own virtual English company name (to be registered later) and the Chinese name of the factory, and binding the two heads together. This is convenient for customers to explain when they have questions.
The function of the factory: to make customs declaration documents, collect foreign exchange, write off and refund taxes, which are displayed on the shipper of the bill of lading, the exporter of the certificate of origin and the seller of the packing list invoice for export declaration;
Buyer's role: displayed as the consignee/notifier of the bill of lading, the consignee of the certificate of origin and the buyer of the invoice of the customs clearance packing list at the port of destination;
The capital flow of this model: the buyer directly pays the factory US dollars, the factory receives the foreign exchange write-off tax rebate, the factory pays the RMB commission to SOHO, and the buyer pays the foreign currency commission to SOHO private households. If offshore account is the best, the customer will remit the commission and factory payment directly to offshore account, and both commissions will be kept in the account, and the remaining amount will be sent to the factory, but pay attention to the same amount as previously declared (this part will be introduced in detail in the next issue).
No matter from which aspect, this method is very passive, funds can not grasp the initiative, and personal interests are at greater risk. SOHO should strengthen communication with factories and guests, find its own position and minimize the possibility of being abandoned. If there is offshore account, the factory needs to cooperate to issue two sets of documents with different amounts, one for the factory to declare itself and the other for the customs clearance.