I have been cracking my head on how to go about Circumventing the Foreign Exchange issue and other Challenges, only for me to find out today that I will pay 7.5% tax on every money that enters my Dorm account #sigh �
Money involved is over a 100k usd, and i have to maximize profits as possible and Give a low price, Pls i don't want to lose this Deal. �

Chinese Importers and you seasoned Business men that travel to China, Pls how do y'all do it?

Who told you, you will pay 7.5% tax on every penny that enters your dorm account? That's not true, unless I am missing something here.

sacajawea:
I have been cracking my head on how to go about Circumventing the Foreign Exchange issue and other Challenges, only for me to find out today that I will pay 7.5% tax on every money that enters my Dorm account #sigh �
Money involved is over a 100k usd, and i have to maximize profits as possible and Give a low price, Pls i don't want to lose this Deal. �

Chinese Importers and you seasoned Business men that travel to China, Pls how do y'all do it?

Zhirinovsky:
Who told you, you will pay 7.5% tax on every penny that enters your dorm account? That's not true, unless I am missing something here.

Ok what is the Best way to get Forex (usd and RMB) cheap to pay your Chinese Manufacturers/Company and what payment system is the best and Safest, especially for a new importer?

Unless you have a contact in the govt, there is none.
Get your dollars from aboki and run your business. Pass the cost to your client. If you keep on looking for a non existence official rate, you will be scammed. BEWARE!! That rate is meant for the Dangotes.

sacajawea:

Ok what is the Best way to get Forex (usd and RMB) cheap to pay your Chinese Manufacturers/Company and what payment system is the best and Safest, especially for a new importer?