Email address. The non-financial enterprises can borrow the foreign debts within the registered amount and handle the procedures for remitting the funds with the bank directly, replacing the old rule of case-by-case registration with SAFE for each loan. We highlight and break down the six measures for cross-border trade and cross-border investment in this article. A: According to the provisions of Notice No. With its team of lawyers, tax experts, auditors and While some of the provisions will apply nationwide, many others will apply solely in 外汇返佣 Foreign exchange rebate pilot area. The new rules reduce the processing time of transactions using the capital fund as it is no longer necessary to provide information before the settlement of the capital. When an enterprise branch registers, changes, or cancels their registration procedures with SAFE, only the original or duplicate of the Business License of the kb 金融 is needed. If so, what documents would they need? If its current business scope changes, is it necessary for it to register that change? According to the announcement, restrictions placed upon the use of foreign exchange settlement in the domestic asset realization account will be removed. Now when the domestic equity transferor receives the consideration for the equity transfer of 外汇杠杆率怎麽计算？ How is foreign exchange leverage calculated? foreign investor, it can directly handle the procedures of account opening, capital remittance, and settlement in the bank with the relevant business registration certificate. The contracted engineering enterprises can manage and allocate the funds of different overseas engineering projects in a centralized way to facilitate the cash flow efficiency and develop in overseas markets. A: There is no longer a need for the registration certificate regarding foreign exchange. Stay Ahead of the curve in Emerging Asia. A: According to the provisions of Notice No. This reform will give banks more flexibility in terms of the administrative formalities relating to foreign exchange. The new rules speed up the equity transactions between Chinese businesses and foreign investors. According to the provisions of Notice No. According to SAFE, it is expected that 外汇返佣 Foreign exchange rebate policy will benefit more than 95 percent of cross-border e-commerce enterprise. Under the new rules, the channels, types of domestic credit assets, and scope of persons able to participate in the overseas transfer will be expanded in the pilot area within the Hainan Province and the Guangdong-Hong 个人 外汇 personal foreign exchange Greater Bay Area. Already a subscriber? Enterprises may now be under an even stricter scanner with initial transactions subject to more detailed investigation from the bank before a trusted relationship is built between the bank and the enterprises. Recommended for you. The new announcement covers 12 facilitation measures, which ease the controls surrounding cross-border trade and investment financing requirements and aims to provide a better business environment for domestic enterprises and overseas investors. Eligible enterprises in the pilot area can use capital fund, foreign debt, and funds raised by overseas listing for domestic payment without providing supporting documents to the bank to prove the authenticity of the transaction on case-by-case basis before the foreign exchange settlement. With its team of lawyers, tax experts, auditors and Domestic corporate entities in principle cannot use a quasi-settlement 境外华人购汇申请书 Application Form for Overseas Chinese to Purchase Foreign Exchange for settlement. Q: What do foreign-invested enterprises need to do to register inventory equity? 外汇资金分析 Analysis of foreign exchange funds subscription service offers regular regulatory updates, including the most recent legal, tax and accounting changes that affect your 外汇管理局 中心 Foreign Exchange Administration Center. October 21, Non-financial enterprises within the pilot area can now register foreign debts up to twice their net assets at the local foreign exchange bureau. However, SAFE will more closely monitor the use of funds during and after this process. The new measures introduce relaxations on foreign exchange control while extending the scope and application of existing pilot schemes. Prior to these new rules foreign investment enterprises not engaging in investment activities could only make new equity investment in other enterprises with retained profit, which limited further investment to be made in China where the enterprise was short on cash or retained profit. Regarding the scope of the pilot scheme, no specific cities were mentioned; instead, the application of the policy will depend on the actual needs of the locality to be decided and announced later by the government bureau. If so, what documents are needed? The previous requirements to report to SAFE for foreign exchange transactions during the counseling period have now been removed. If the income declaration form of the to-be-verified account is required to be submitted to the foreign exchange bureau under the current rule, the enterprise may be exempted from this step in the future. Under the new rules, the channels, types of domestic credit assets, and scope of persons able to participate in the overseas transfer will be expanded in the pilot area within the Hainan Province and the Guangdong-Hong Kong-Macao Greater Bay Area. Foreign invested entities that need to make such a declaration can visit the website of the State Administration of Foreign Exchange SAFElog in to the capital account information system and register their inventory ownership on 一个国家外汇储备超过50% A countrys foreign exchange reserves exceed 50% platform. 农行 境外 汇入 账号 ABC overseas remittance account contracted engineering enterprises can manage and allocate the funds of different overseas engineering projects in a centralized way to facilitate the cash flow efficiency and develop in overseas markets. As to account-related income and expenditures, businesses can refer to the provisions of Notice No. Other general foreign invested enterprises -- apart from the ones mentioned above -- must apply for domestic re-investment when they use capital in the original currency for domestic equity investment, they should refer to the operational directives, the relative regulation of Article 1. The 境外华人购汇申请书 Application Form for Overseas Chinese to Purchase Foreign Exchange settlement funds used for domestic equity investment should be registered as domestic re-investment by the enterprise at a foreign exchange bureau or bank with the opening of the corresponding quasi-settlement account.