City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: Keeping money in China
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=TOMSPENCER,294554]At present you can convert sums equal to or less than USD5,000 without having to present much documentation. For over-the-counter currency changes of the lowest amounts you would need just your passport. If you wish to convert currencies and remit the money to an overseas account, then you would need to prove that the money is either tax exempt or that tax has already been paid on it. For sums over USD5,000 the amount of paperwork required increases. Once you get the hang of it, this process is actually quite simple. As for keeping your money in a Chinese account, it's possible however you should make sure you are aware of your bank's monthly and annual charges, and their policy on dormant accounts.[/quote]
characters left
Name:
Get a new code