Moving Funds Out of China - Privately скачать в хорошем качестве

Moving Funds Out of China - Privately

Moving Funds Out of China - Privately The 2018 measures leave certain issues unresolved. Without approval from the competent Chinese authorities, investors cannot enter into legally binding agreements unless the counterparty accepts that closing is conditional upon such approval. Even where only registration is required, the investor must first obtain a record-filing notice from the NDRC. In-progress monitoring During an outbound transaction, the NDRC may require the investor to submit written reports on “material events.” However, Order No. 11 does not define what constitutes a material event. Post-investment reporting Order No. 11 introduces a transaction completion reporting requirement. A report must be submitted within 20 business days following completion of a construction project or the closing of an equity or asset transaction. Process overview Apply for ODI and file with the NDRC and MOFCOM. Register and place the funds with a State-approved foreign exchange bank. Establish a company owned by an SPV custodial institution and transfer the funds to the company. The structure is not reported back to China under CRS or exchange-on-demand mechanisms if the company qualifies as a Professionally Managed Investment Entity owned by an SPV custodial institution managed from Svalbard. TIMESTAMPS: 00:00 – INTRO 01:07 – Privacy Structure Overview 01:41 – Non Reportable Structures 02:22 – Record Filing Requirement 03:21 – NDRC MOFCOM Filing 03:53 – Exchange On Demand 04:00 – Wealth Manager Hesitation 04:24 – OUTRO -------------------------------- OUR CHANNEL OFFERS: Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth. Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world. SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION: https://www.youtube.com/c/TaxesforInt... -------------------------------------------------- WATCH OTHER VIDEOS:    • [ Offshore Tax ] Is Earned Income tax-free...      • [ Offshore Tax ] What is the main tax adva...      • [ Offshore Tax ] Taxation of Crypto in Can...   -------------------------------------------------- Here are 4 ways we can help you: SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/ STREAM premium educational videos: https://htj.tax/youtube/ CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/ High Net Worth? We can QUOTE for doing your "US-International" tax returns. FOR MORE DETAILS, CONNECT WITH US: ✉ Contact us at help@advancedamericantax.com -------------------------------------------------- FOLLOW US ON:. 🌍 Check our website: https://htj.tax/ 🎙️ Listen to our podcast: https://podcast.htj.tax/ 📸 Add us on Instagram:   / htj.tax   🐦 Add us on Twitter:   / derren43   📕 Add us on Facebook:   / htj.tax   💼 Contact Derren on LinkedIn:   / derren-joseph-0345332   #ChinaODI #OutboundInvestment #CapitalControls #CrossBorderStructuring #CRSCompliance