A: Domestic institutions need not register with the foreign exchange bureau to purchase foreign exchange at designated foreign exchange banks or pay overseas directly from their foreign exchange accounts with the following materials.
1, written application
2, the approval of the CCPIT or the competent foreign trade department
3. Approval documents for going abroad on business
4. Exhibition Organizing Committee booth confirmation.
5. Notice or invoice of overseas payment (if booth is obtained from a regional agent, the authorization letter of the exhibition organizing committee of the regional agent shall be reviewed).
6. It is also necessary to sign a construction agreement to pay the construction cost.
Legal basis:
Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control
Provisions on the Administration of Settlement, Sale and Payment of Foreign Exchange
Expenses standards and management measures for temporary overseas personnel.
Notice of the State Administration of Foreign Exchange on Issuing the Operating Rules for the Management of Domestic Residents' Non-trade Sale and Payment of Foreign Exchange and Personal Foreign Exchange Receipts and Payments (Trial)
How much is 100 million won?
One hundred million won is a considerable number, and many people want to know how much it is. Let's discuss this problem below.