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How do domestic institutions pay technology royalties to overseas enterprises, and what is the foreign exchange payment process?
The general procedures for domestic enterprises in China to pay foreign exchange to overseas enterprises, organizations and other enterprises in the name of technology license fees are as follows: (1) Go through the registration and filing procedures for technology import contracts with the competent commercial authorities; (2) To apply for payment of foreign exchange in a bank, the following materials are generally required: ① A written application for payment of foreign exchange; (two) the proprietary technology license agreement; ③ Payment notice or invoice; (4) The technology import contract registration certificate issued by the Ministry of Foreign Trade and Economic Cooperation; ⑤ Technical contract data sheet; ⑥ Tax voucher. (3) The foreign exchange bureau shall go through the formalities of verification of foreign exchange payment.