China allows FIEs and enterprises issuing shares offshore to remit their profits, dividends and bonuses out of the country. Such remittances do not require the prior approval of SAFE. The enterprises, by presenting the necessary documents, can make the remittance direct through the bank, which will report details of the remittance to the local foreign exchange administration.
Documents and Procedures for Remittance of Profits, Dividends and Bonuses
1. Documents to be submitted to bank
Tax payment statement and tax return (enterprises eligible for taxexemption and reduction should also submit proofsissued by local taxoffice); Audited report prepared by accounting firm on profits, dividends andbonuses of the current year; Resolution of the board of directors on dividend and bonus distribution; Foreign exchange registration certificate of foreign-invested enterprise.
2. Bank verifies authenticity of documents
3. Bank completes remittance procedures done, bank will keep photocopies of these two documents for record.
4. Bank reports to local foreign exchange administration dividends and bonuses remitted by FIEs.
常见法律问题
如何选择合适的律师？
选择律师应考虑：1）专业领域是否匹配；2）执业经验和成功案例；3）所在律所规模和声誉；4）沟通是否顺畅；5）收费是否合理透明。建议面谈了解后再决定委托。
法律咨询需要注意什么？
法律咨询前建议准备好：1）相关合同、协议等书面材料；2）事件时间线梳理；3）明确自身诉求；4）咨询时如实陈述事实，不要隐瞒。咨询意见仅供参考，不构成法律意见。
以上内容仅供参考，不构成法律意见。如需专业法律服务，请联系杨春宝一级律师：chambers.yang@dentons.cn
