large funding wire from US to China# Returnee - 海归
o*g
1 楼
maybe here people will have experience on this, appreciate any assistance
just sold house and wire > 400k to china, got options below:
1. wire to parents/relatives, 50k each on same day/week, but this will be
audited by china?
2. for US citizen, possible to open an account in China and wire the whole
thing over? since US citizens aren't bound by 50k restrictions?
Also, if we want to wire the money back to US say in 3 years, have the
following doubt:
1. which option is preferred?
2. Do I need to prepare some loan letter or sth?
3. Any US/China tax implications?
many thanks for helping out newbie/rookie.
just sold house and wire > 400k to china, got options below:
1. wire to parents/relatives, 50k each on same day/week, but this will be
audited by china?
2. for US citizen, possible to open an account in China and wire the whole
thing over? since US citizens aren't bound by 50k restrictions?
Also, if we want to wire the money back to US say in 3 years, have the
following doubt:
1. which option is preferred?
2. Do I need to prepare some loan letter or sth?
3. Any US/China tax implications?
many thanks for helping out newbie/rookie.
