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Tel：+86 400 118 5939In 2016, Mr. Liu from Dongguan encountered a headache problem. Mr. Liu's company has just been established and mainly provides OEM electronic products to European and American customers. After six months of communication and coordination, Mr. Liu's company finally impressed the customers and signed a $1 million contract with them. But this did not make Mr. Liu happy because his company does not have export rights, so it cannot accept foreign exchange and customers cannot transfer deposits. Helpless, Mr. Liu sent a personal account to the client, but the client didn't believe it and said that calling a personal account was not safe and asked for Mr. Liu's company account. Mr. Liu felt that this was indeed reasonable. The customer also said that they could directly remit RMB to Mr. Liu's company account and asked me to provide the company account number. So Mr. Liu consulted the bank of the company account and was told that even if RMB is remitted, it is still foreign exchange and cannot be directly verified. After seeking help from a friend, Mr. Liu suggested that he find an agency with export rights to collect payments. Mr. Liu believed that this could solve the problem temporarily, but in the long run, it felt unsafe to lend foreign exchange to other companies. Because Mr. Liu has heard that after receiving payments from an agency, the collection process is particularly slow, which is simply unaffordable for small companies under financial pressure.
Later, through a friend's introduction, Mr. Liu consulted with Hongyuan International. Hongyuan International's Hong Kong company registration professional consultant suggested to Mr. Liu: directly register the company in Hong Kong and open an account with HSBC Bank in Hong Kong, sign contracts with European and American customers in the name of the Hong Kong company, and the customer can transfer the payment to the Hong Kong company account. Then transfer the payment from the Hong Kong account to the mainland account through foreign exchange settlement.
In the end, Mr. Liu adopted Hongyuan International's suggestion and entrusted Hongyuan International to handle the registration of the Hong Kong company and other affairs for him. At present, Mr. Liu's company is growing in size, with annual revenue growth, and the foreign exchange issue has been properly resolved.
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Email: info@hyintern.com
Hotline: +86 400 118 5939
