China people are not subject to the annual overseas remittance of $50,000 to buy a house in Canada.

Canada is a highly developed American country with a sound economic system and high welfare benefits. It is also one of the most attractive countries in the world. Everyone can buy a house in Canada, but there is a limit for foreigners to remit $50,000 overseas every year. Here are some strategies to break this restriction.

For many new immigrants who emigrate overseas and want to take root overseas, how to transfer a large sum of money from China overseas is really the most puzzling thing.

In other words, with the strict control of foreign exchange by the State Administration of Foreign Exchange in recent years, many overseas Chinese are heartbroken about this exchange.

Canada has always been the ultimate destination for many China people, and landing is easy. Some people want to buy a house here with their domestic savings, while others want to invest in business. However, looking at the limit of purchasing foreign exchange not exceeding 50 thousand dollars every year, they can only be helpless.

As we all know, China has strict foreign exchange export control, and all kinds of foreign exchange methods commonly used by China people in the past are now completely banned, and each person can only exchange 50,000 US dollars into the country every year.

Some individuals even take risks in order to turn their money upside down, but with the increase of investigation and punishment in recent years and the closer division of global information, the risk of doing so is getting bigger and bigger now!

1. Take underground banks as an example.

This method is neither desirable nor legal, and it is not recommended for everyone to do so. From September, 20 16 to September, 20 10, Chu, a native of Henan, intended to transfer his domestic assets to his Canadian account. Because the total amount was as high as 30 million yuan, he illegally chose an underground bank. First, the money is transferred into the domestic account controlled by the underground bank for three times, and then the foreign exchange is converted into your own Canadian account through the underground bank, with a total amount of 59 10000 Canadian dollars.

Finally, an incident broke out. According to Article 45 of the Regulations on Foreign Exchange Control, the police fined him 6.5438+0.95 million yuan.

2. ants can move.

This is also an illegal operation, which is neither desirable nor recommended. 20 17 65438+ 10 From April to April, Jiang, a native of China, borrowed an annual foreign exchange purchase quota of 55 people and remitted his personal funds to his account in Hong Kong in the name of traveling at his own expense, totaling $2,693,800. After investigation, the police imposed a fine of 389,700 yuan.

Previously, from July, 200015 to June, 200016, another China native, Song, used the personal annual foreign exchange purchase quota of 54 people, including his relatives and friends, to split his personal funds and remit them to his overseas account in the name of studying abroad, medical care, overseas travel, etc., and transferred funds of 3,492,700 US dollars. After the incident, he was fined 683,000 yuan.

It is reported that in the first half of last year alone, illegal foreign exchange cases 1354 were investigated and dealt with, and the amount of fines and confiscations reached 345 million yuan.

No wonder overseas Chinese are talking. Is it impossible to legally transfer property abroad from now on?

No, there are legal channels.

So, what is this last chance to live?

Many people may not know it, but they are going.

At the beginning of 2008, China's foreign exchange policy was quietly adjusted, and it began to provide overseas Chinese with the opportunity to legally transfer assets.

According to the latest Interim Measures of the State Administration of Foreign Exchange on the Administration of Sale and Payment of Personal Property issued by the People's Bank of China, legal immigrants in China can now go through relevant legal procedures, remit a large sum of money exceeding US$ 50,000 overseas, realize the legal property they owned in China before obtaining immigration status, and remit it abroad through designated foreign exchange banks!

That is to say:

1. As a Canadian permanent resident with China nationality, you can be exempted from the policy of "cross-border remittance of $50,000 per year by individuals".

This legal way must go through complicated application and approval procedures.

To put it bluntly, overseas Chinese want to legally transfer large domestic assets abroad, ok!

What is the legal way?

Get overseas status!

Regarding the definition of this overseas identity, according to the Interim Measures for the Administration of Sale and Payment of Foreign Exchange of Personal Property, the following three categories of people can directly apply for the transfer of all their personal assets abroad:

1. a natural person who immigrated from the mainland of China and obtained permanent residency;

2. Natural persons who have traveled from the Mainland to the Hong Kong Special Administrative Region and the Macao Special Administrative Region and obtained the permanent residency in the Hong Kong Special Administrative Region;

3. Natural persons who come from the mainland to settle in Taiwan Province Province.

In short, China citizens have obtained permanent residency in overseas countries, including Hong Kong, Macao and Taiwan, which is commonly known as PR by Canadian Chinese, so you are entitled to legally transfer large amounts of assets!

Let's take a look at the official explanation, the requirements for the big asset transferor:

1. You must be a citizen of China or a foreigner who has obtained permanent residency abroad (including residents who have emigrated from the mainland of China or settled in Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan Province Province).

2. It is necessary to sell the real estate held in China (the house payment can be converted into foreign exchange at one time and transferred to the overseas bank account of the party concerned), and other securities and real estate must be sold before applying for asset transfer.

3. The transferred property shall be legal property, and there shall be no disputes with others.

4. Successful applicants are not allowed to withdraw foreign currency cash in China. Foreign exchange must be directly remitted to the account of the applicant in the country or region where the immigrant or heir lives.

5. All China citizens who legally immigrate to other countries and regions have one and only one chance to apply to the State Administration of Foreign Exchange for the transfer of immigrant property.

Then, the most important thing is that all the conditions are met. Want to remit the money, how to operate?

You must handle the following wave of operations.

Application materials:

1. Identity documents (ID card, household registration book, permanent residence permit, etc. )

2. The Embassy of China issued (or certified) a certificate that the applicant has obtained permanent residence status abroad.

3. Proof of residence abroad, such as driver's license, bank statement and other three or more documents.

4. Bank deposit tax payment certificate

5. A copy of the original real estate license (before selling the house), the original tax bill and tax payment certificate of the tax bureau when selling the house, and a copy of the new real estate license after the transfer.

6. Stock house sales contract (online signing contract). It should be noted that the full price of the house refers to the contract price and the duty-paid price, and the settlement of foreign exchange can only be calculated at the verifiable price.

7. If you entrust others to handle the transfer of assets, you should provide the agency agreement (original, without notarization) and a copy of the agent's identity certificate.

8. Designate the remittance receiving bank. In this regard, it is necessary to communicate with the domestic remittance bank in advance whether it can handle the transfer and remittance business of immigrant property, whether the overseas remittance bank can receive overseas remittance, and whether the account supports the remittance currency. The remittance account and the account name of the remittance account belong to the same applicant.

Special instructions:

1. After the application materials are complete, it can be completed in about 20 working days.

2. Don't miss the telephone notice at this time, because the purchase and remittance business must be completed within 15 natural days from the date of approval, otherwise it will be overdue.

3. No second application is allowed.

4. Those who are applying for permanent residency abroad are not applicable. If they have obtained permanent residency abroad, but they are still domestic tax residents, they should be cautious.

5. All domestic real estate transactions shall be registered in the housing management department, and the amount of foreign exchange purchased shall not exceed the selling price.

6. Immigrants must apply to transfer all assets out of the country at one time and remit them gradually. The amount of the first remittance shall not exceed half of all assets to be transferred. One year after the first remittance, it shall not exceed half of the remaining assets. Two years after the first remittance, it can remit all the remaining assets. If the assets do not exceed 200,000 RMB (including 200,000 RMB), you can apply for one-time remittance.

Note: All China citizens who legally immigrate to other countries and regions have one and only one opportunity to apply to the State Administration of Foreign Exchange for the transfer of their immigrant property.