The threshold for operating foreign trade is gradually declining. For example, if you register a trading company with import and export rights, as long as the registered capital is no less than 1 million yuan, the production company should not be less than 500,000 yuan. However, personal foreign trade is not yet available, and it is not convenient to open a foreign currency account to receive payment and L/C. ![]()
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According to everyone's summary, the current personal foreign trade mainly has the following methods to deal with:![]()
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1) Individuals may act as agents through a foreign trade company with import and export rights, and sign agency contracts or agreements with the agency company. This contract or agreement can be a single sign or a long one, depending on your business situation. Then, such foreign remittances (settlement of goods) must be settled through an agency company. Only in this way can the verification of export receipts and refunds be accomplished.![]()
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It should be noted here that the cost of various expenses (including agency fees, interest on tax refund funds, etc.) should be carefully accounted for, and whether the tax refund should be refunded by the agency after the actual withdrawal, or should the agency company make advance payments first? This must be calculated in advance and agreed in the agency contract or agreement.![]()
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2) If the quantity of goods for each order is small, the volume is not large, and the weight is not heavy, the delivery of the goods can be arranged by mail. This can be directly collected by individuals and direct operations, but can not be refunded, of course, does not need to write off.![]()
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3) Similarly, cargoes with small volume and heavy weight can be transported by means of trusteeship or by themselves or by customers while carrying aircraft. However, it is relatively troublesome.![]()
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The current popular fourth trick:![]()
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4) Register a Hong Kong company so that you can have a convenient foreign currency offshore account in your country. Export in the name of a Hong Kong company and ship it to a freight company. Ask the buyer to send the purchase price to your company account. You can raise foreign exchange in your country and you can pick up L/C. The Hong Kong company's good international image will affect your business. It is also very helpful and can be described as threefold. The cost of registration is not very high, and many small and medium-sized export companies currently use this method.
According to everyone's summary, the current personal foreign trade mainly has the following methods to deal with:
1) Individuals may act as agents through a foreign trade company with import and export rights, and sign agency contracts or agreements with the agency company. This contract or agreement can be a single sign or a long one, depending on your business situation. Then, such foreign remittances (settlement of goods) must be settled through an agency company. Only in this way can the verification of export receipts and refunds be accomplished.
It should be noted here that the cost of various expenses (including agency fees, interest on tax refund funds, etc.) should be carefully accounted for, and whether the tax refund should be refunded by the agency after the actual withdrawal, or should the agency company make advance payments first? This must be calculated in advance and agreed in the agency contract or agreement.
2) If the quantity of goods for each order is small, the volume is not large, and the weight is not heavy, the delivery of the goods can be arranged by mail. This can be directly collected by individuals and direct operations, but can not be refunded, of course, does not need to write off.
3) Similarly, cargoes with small volume and heavy weight can be transported by means of trusteeship or by themselves or by customers while carrying aircraft. However, it is relatively troublesome.
The current popular fourth trick:
4) Register a Hong Kong company so that you can have a convenient foreign currency offshore account in your country. Export in the name of a Hong Kong company and ship it to a freight company. Ask the buyer to send the purchase price to your company account. You can raise foreign exchange in your country and you can pick up L/C. The Hong Kong company's good international image will affect your business. It is also very helpful and can be described as threefold. The cost of registration is not very high, and many small and medium-sized export companies currently use this method.