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What are the restrictions on transferring insurance compensation obtained in China to foreign countries?
According to the Interim Measures for the Administration of Foreign Transfer, Sale and Payment of Personal Property issued by the People's Bank of China, immigrants can realize their legal property in China before obtaining immigration status, and overseas heirs can realize their legally inherited domestic heritage, purchase foreign exchange through designated foreign exchange banks, and apply to the local foreign exchange administration department for one-time remittance. Therefore, as long as the property is legally acquired in China before immigration, or the overseas heirs inherit the domestic heritage according to law, they can apply for remittance abroad at one time, and the amount is not limited.
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