As Individuals, how do we do foreign exchange? In order to avoid the large influx of hot money, China’s current Government regulations, individuals can only receive an annual foreign exchange settlement 50,000 U.S. dollars or equivalent in 50 thousand dollars in foreign exchange. Thus, for many who is not ineligible to import and export enterprises or individuals SOHO, personal income in foreign currencies into U.S. dollars at the photo as a great inconvenience.
Here are some common personal income of foreign exchange in dollars in methods and types of comparison:
1) The direct personal income account in foreign exchange dollars, almost all banks in China now is accounting direct income support to individuals of foreign exchange remittances from abroad and the U.S..
The main drawback: only foreign exchange 50 000 per person per year U.S., if the withdrawals, there will be exchange rate losses
2) U.S. foreign exchange income individuals through PAYPAL, but the more obvious shortcomings of PAYPAL, settlement of the troubles, and the fee is very high, only suitable for small collection.
3) Personal income payment by Western Union Foreign Exchange U.S. (WESTERN UNION). Western Union is a global collection of foreign exchange payment system, China has joined the bank in the system but only the Agricultural Bank and postal savings. Disadvantages: 50000 U.S. dollars per person per year settlement charges high, banks need to queue up waiting too long, a mistake of a letter could make banks hit back. Agricultural banks and postal savings service with a relatively low awareness of staff causes income point out the money with the same trial prisoners.
4) Personal income of Hong Kong companies opening foreign exchange dollars approach have no limits, but does increase the cost of registered companies that need to invest thousands of dollars each year, another obvious disadvantage is that the settlement is very troublesome.
5) The U.S. personal income foreign exchange can also be an underground banking, for foreign exchange black market income, the risk is very large and has violated state law, the Secretary may refer to my articles.
6) Foreign Exchange U.S. personal income is recommended by Shadstone as a safe, credible, fast import and export companies. Shadstone has been engaged in many years in the collection of foreign exchange and collection of letters of creditservices to import and export business, particularly in the collection of T/T services in the industry. Having good reputation, we can help individuals receive the completion of the Shenzhen exchange of dollars in customer trailer, in Shenzhen customs, we have all the completion of trade patterns, FOB, CNF, CFR, CIF and other services, while effectively avoiding the risk of FOB to allow customers get more confidence to the completion of international trade.
These are the current market Shadstone’s popular methods for U.S. personal income and foreign exchange types of analysis and comparison.