Previously, many reported thatforeign tradetheir bank accounts were frozen, facing many difficulties in carrying out export business. Why were the accounts frozen?After the bank account is frozenhow to export? Lets take a look:

Factors leading to account freezing:

Foreign trade payments are made through unfamiliar bank accounts, rather than the bank accounts of foreign merchants or their designated foreign - trade companies, freight forwarders, etc.

Lending out bank accounts.

Helping others to collect, pay, and transfer funds.

Privately buying and selling foreign currencies without going through bank settlement.

Measures to prevent account freezing:

Exports needA complete export agency agreement should be attached with:Foreign currency funds are used for payment and settlement.

Through official channels such as major banksFX Settlement AgencyThe foreign exchange cannot be involved in private foreign exchange transactions.

Foreign merchants shall pay for the products by themselves and shall not pay for the products through domestic or foreign third parties unrelated to the trade.

Use your company account for collection and payment. Do not borrow personal bank accounts or the personal bank accounts of bosses, employees, relatives, etc. to pay for the goods.

Sign purchase contracts with domestic merchants and contracts related to purchasing on behalf and export with foreign enterprises.

If you are worried about the freezing of your bank account, you can find a companyForeign trade agency companyto export in the way of market procurement trade. The market procurement trade method implements the policy of VAT exemption and allows export without invoices. In addition, it is also very flexible in foreign exchange collection. It can be operated as a market procurement transaction. At the same time, foreign trade companies can collect foreign exchange on behalf, which can greatly improve the collection efficiency of enterprises, reduce capital and lower security risks.