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Why can't you settle foreign exchange after earning income in Hong Kong?

Released Date: Jun 11,2022 Article Source: HUANZE

Recently, some people asked why his overseas income could not be settled in Chinese banks. It turns out that this person is a registered company in Hong Kong. After several years of operation, the Hong Kong company has made some profits, and then the company intends to transfer this dividend income to the shareholder's domestic account through shareholder dividends, but the shareholder cannot settle foreign exchange in China.

Recently, some people asked why his overseas income could not be settled in Chinese banks. It turns out this guy was inHong Kong incorporated companyAfter several years of operation, the Hong Kong company has made some profits, and then the company intends to transfer this dividend income to the shareholders' domestic account through shareholder dividends, but the shareholders cannot settle foreign exchange in China.

This is because our country temporarily does not allow mainland individuals to invest in areas outside the mainland. Therefore, individual foreign investment cannot get the approval and record of foreign investment from foreign trade and other government departments. So when the individual settles foreign exchange in a domestic bank account, he cannot transfer the dividend income.

However, if the company invests abroad, as long as it gets the approval of foreign trade and other government departments and gets the approval of foreign investment issued by the government for the record, it can not only transfer the funds invested abroad normally, but also settle the funds returned as dividends through the bank account normally when it gets dividends overseas in the future.

Why can't you settle foreign exchange after earning income in Hong Kong ?

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