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How to open an overseas tax-free account?
The steps for opening an overseas tax-free account are as follows:

1. Apply to the State Administration of Foreign Exchange.

2. Provide the corresponding documents.

3. Select the corresponding bank.

4. Confirm whether the account opening document is valid.

5.30 If you need to use an overseas account within 30 days, you must submit an application to the foreign exchange administration department, and if you need to postpone the use, you also need to submit an application to the foreign exchange administration department.

6. Enterprises applying for overseas accounts must report the use of funds to the foreign exchange administration department within fifteen days after the end of each quarter.