Most enterprises and individuals engaged in international trade, SOHO or cross-border electronic commerce have registered offshore companies, which effectively evade the state's foreign exchange control and facilitate foreign currency payment. However, due to the limit of 50,000 US dollars for personal settlement, it is difficult to settle a large amount of funds deposited in offshore account and transfer them to domestic accounts, which is a headache for many customers. Registering individual industrial and commercial households in Yiwu can effectively solve the problem of large foreign exchange settlement in offshore account.

1. Why can individual industrial and commercial households in Yiwu buy large amounts of foreign exchange in offshore account? Yiwu is the only pilot city in China to comprehensively reform international trade and finance. We will carry out the pilot reform of foreign exchange management of individual trade, explore the facilitation mechanism of foreign exchange settlement in cross-border electronic commerce, deepen the pilot of individual cross-border RMB, promote the development of offshore business, accelerate the innovation of trade financing products, cultivate the financial service platform of supply chain, accelerate the gathering of various financial institutions, and actively explore the construction of trade credit system. Yiwu is a worldwide small commodity market. Therefore, in order to meet the trade financing of many local small and medium-sized enterprises, the financial settlement of individual industrial and commercial households and small and medium-sized enterprises has been innovated and reformed, and a certain amount of foreign currency settlement can be carried out every year. 2. Is there any limit on the amount of foreign exchange settlement? Is there any risk?

Different banks have slightly different policies, and Chouzhou Commercial Bank generally has no restrictions on foreign exchange settlement. At present, the settlement operation is risk-free, and all of them are formally settled through banks.

Third, how to register individual industrial and commercial households in Yiwu

1, registration conditions 1) A scanned copy of a valid ID card, which should be clear.

2. Business scope of self-employed: handicrafts/clothing/office supplies/ornaments/toys/daily necessities/mechanical parts/electronic products/auto parts/lamps, etc. , and the business scope does not affect the settlement of foreign exchange.

3. Name of self-employed: pre-approved by the Industrial and Commercial Bureau and named randomly, such as Yiwu XX Firm/Yiwu XX E-commerce Firm.

Four, bank account opening and bank settlement

1. Self-employed legal persons who open an account in a bank need to go to Yiwu in person and bring the following materials: l ID card (original) l Individual business license (original) l Passport/driver's license/social security card, choose one of three.

2. Make an appointment with the bank before opening an account, just on the day of opening an account.

3. How do banks settle foreign exchange? Offshore account funds are remitted to the bank account of Yiwu individual industrial and commercial households and settled through the account of Yiwu individual industrial and commercial households. There are no restrictions on settlement. Note: All settlement processes can be operated through online banking.

Verb (abbreviation of verb) matters needing attention

Since all the dollars that individuals come in are directly settled into RMB, it is not suitable for customers with high tax rebates to settle foreign exchange in this way.