Individuals engaged in cross-border electronic commerce trade should register as individual industrial and commercial households or apply to become individual foreign trade operators before opening foreign exchange settlement accounts.
The purchase and settlement of foreign exchange in the settlement account are not limited by the annual total amount, regardless of the amount, and can be handled with real trade documents. If an individual foreign trade operator chooses to collect and settle foreign exchange through a payment institution, the payment institution shall make a declaration of reduction in accordance with the provisions; If you choose to import and export in your own name, you should handle cross-border foreign exchange collection and payment by yourself.
Extended data:
For studying abroad for the first time, those who have no overseas account and carry a large amount of foreign currency funds can use foreign currency drafts. Personal foreign currency bills can be issued in all foreign currency savings currencies opened by banks. Foreign currency bills are convenient and safe to carry and pay, and the handling fee is low, which can be reported and refunded.
However, this method has an obvious disadvantage, that is, the speed of fund arrival is slow, because the draft needs to be collected for overseas withdrawal, and the arrival time must meet the requirements of overseas accepting banks. Therefore, people with plenty of time can choose this way.
References:
Baidu encyclopedia-cross-border remittance
Reference: China Investment Guide-Provisions on the Administration of Domestic Foreign Exchange Accounts of the Ministry of Commerce