China -  Chinese law firm

What are the different rules concerning the different amounts of foreign exchange funds brought into China in foreign exchange for payment of royalties that are deposited into a foreign exchange account ?

For amounts of less than USD 10,000, banks may convert the foreign exchange funds for withdrawal by the individual without special authority. For amounts of more than USD 10,000 but less than USD 50,000, the bank is required to register the transaction with SAFE. For amounts higher than USD 50,000 but less than USD 200,000, approval by a local branch of SAFE is required before the conversion or withdrawal. For amounts exceeding USD 200,000, approval by the national office of SAFE is required.

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