Will Yiwu's self-employed foreign exchange settlement policy change in 2020?

Everyone knows that Yiwu is a famous commodity wholesale city. There are also many SMEs and cross-border e-commerce. The country has also introduced a large-scale foreign exchange settlement policy to promote Yiwu's economy-Yiwu self-employed. The personal settlement limit is no longer 50 thousand yuan, and there is no need to find an agency to entrust settlement as before.

First, you need to prepare the following information:

1. Front and back of ID card

2. industrial and commercial registration account password

3. The business scope of self-employed households can be three types; (The business scope does not affect the later settlement of foreign exchange, specifically as follows: handicrafts/clothing/office supplies/accessories/toys/daily necessities/mechanical accessories/electronic products/automobile accessories/lamps);

Yiwu self-employed foreign exchange settlement account

I don't need to go to Yiwu personally to apply for a business license, but entrust a local registered agent to handle it; After the self-employed business license is issued, I can apply for opening a personal foreign exchange settlement account with my ID card at the local US dollar foreign exchange bank.

This account can be bound to a personal savings card, and it is very convenient to use without automatic RMB settlement. With this account, once the self-employed dollar account receives foreign currency, the bank will automatically settle the RMB and transfer it to the bound personal account. At this time, there will be no need to go through any formalities for cash withdrawal and transfer through online banking in different places.

It generally takes 3-5 working days to register Yiwu industrial and commercial self-employed, and the account can be received on the day the bank opens. In the later period, non-Yiwu investors only need to settle their own foreign exchange through bank online banking.

There are still many friends who have other questions about Yiwu self-employed. Let's talk about it next:

1, Yiwu self-employed individuals settle foreign exchange and pay taxes.

Many investors believe that as individual merchants, they must follow the system of domestic companies to make tax returns. In fact, the self-employed in Yiwu is a special existence. As long as you hold a foreign currency account applied for by Yiwu self-employed business license, you don't have to pay tax on foreign exchange settlement.

2. Unlimited settlement amount.

3. So is the settlement of foreign exchange by individual households in Yiwu unlimited in US dollars? Theoretically, you can settle foreign exchange indefinitely, but the dollar account opened in China is definitely within the scope of supervision, so it is recommended that the annual settlement amount be less than 5 million US dollars.

3. You must be present in person during the whole process.

Some investors think that to open an account, you have to go to Yiwu to apply for a self-employed business license in person, and you have to go to the bank to open an account. The cycle is too long and very troublesome. In fact, you can find an agent to apply for a license in advance, and you don't need to go to Yiwu in person. After the business license is issued, you need to bring the original self-employed license and ID card to the local bank to apply for opening an account.

4. You can't transfer money to the US dollar account.

The only drawback of this account is that you can't transfer dollars out. Therefore, if corporate investors want to invest overseas, build brands and migrate to the market, it is recommended to apply for offshore bank accounts to settle foreign exchange.