The financial institution where the current account is opened shall report to SAFE each January. The account shall be closed.
Foreign exchange administration represents a series of administration measures adopted by the state currency and finance administration authority or other government bodies as entrusted by the state to implement control upon foreign exchange regarding its income and expenditure, purchase and sales, borrowing and lending, transfer, settlement of international balance, foreign exchange rate and foreign exchange […]
No, it’s illegal.
a)Application Form b)BOD resolution on profit distribution c)Audit report d)Income tax payment certificate e)Business License and Approval Certificate of the investing company f)Business License, Approval Certificate and Cooperation Contract of the invested company g)Capital verification report of the investing company h)Foreign Exchange Registration Certificate i)Other information as required
a)Application Form b)Original Foreign Exchange Registration Certificate c)Bank statement of the capital account during recent 5 days d)Other information as required
The debtor should provide Foreign Loan Registration Certificate, Loan Contract, and debit note from lender to bank.
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