1. Who is ultimately responsible for entrusted agency export??Forex Settlement??

According to the current foreign exchange regulations in effect for 2025,Under the agency export model, the entity receiving foreign exchange must possessImport and exportAuthorized agency companyIn actual operation:

• The foreign client directly remits the foreign exchange to the designated account of the agency company.
• After the agency completes the foreign exchange declaration, it will settle the RMB with the client according to the agreed cycle.
• Under special circumstances, an agency foreign exchange collection tripartite agreement may be applied for (prior filing with the foreign exchange bureau is required).

2. What type of account should be chosen for an agent foreign exchange collection account?

Comparison of Main Types of Collection Accounts and Their Characteristics in 2025:

• Offshore Account (OSA)
  • Advantages: Free foreign exchange retention, not subject to domestic controls.
  • Restriction: Starting from 2024, the account opening threshold will be raised to an annual export volume of $5 million.
• Onshore NRA account
  • Advantages: Supports multi-currency settlement,Convert foreign exchange into RMBBetter exchange rate
  • Restrictions: Complete trade background documentation must be provided.

3. How long does the fund settlement cycle usually take?

Standard Settlement Process for Professional Agency Companies:

• T+0: Foreign exchange funds are confirmed on the same day of arrival.
• T+1: Complete bank statement matching
• T+3: Complete cross-border RMB settlement (postponed in case of holidays)

The actual arrival time is subject toBank processing speedAndCompleteness of declaration materialsImpact: It is recommended to clearly stipulate the liability for breach of contract clauses in the agency agreement.

IV. How to reasonably calculate the agency service fee?

Reference for industry charging standards in 2025:

• Basic agency fee: 0.6%-1.2% (based on the declared customs value)
• Additional service fees:
  • Document Preparation: 200-500 RMB per shipment
  • Special Document Authentication: Charged at actual cost.
• Beware of low-price traps: A quotation below 0.5% may pose compliance risks.

5. Is foreign exchange verification still required now?

Since the cancellation of the verification form system by the SAFE in 2024:

• Enterprises only need toDigital Foreign Exchange Management PlatformComplete the monitoring of foreign exchange in goods trade.
• The agency must complete the following within 15 working days after receiving the payment:
  • Balance of Payments (BOP) Reporting
  • Foreign Exchange Business Reporting for Goods Trade

VI.Tax RebatesWhich party should handle it?

In accordance with Announcement No. 1 of 2025 issued by the State Taxation Administration:

• The agency only providesTax Refund Documentation Service
• The actual tax refund benefits and risks shall be borne by the principal.
• Special Note: The "Place of Origin within China" on the customs declaration form must match the value-added tax invoice.

7. How to hedge against exchange rate fluctuation risks?

Recommended risk avoidance measures:

• Agreed with the agencyForeign Exchange Lock - in Service(Requires a 0.1%-0.3% deposit)
• Adopting cross-border RMB settlement (expanding pilot enterprises to all Class A enterprises by 2025)
• Batch foreign exchange settlement strategy: 50% immediate settlement + 50% optional date settlement.

8. What circumstances may lead to the freezing of foreign exchange receipts?

Common Risk Cases in 2025:

• The discrepancy between the payment/receipt amount and the customs declaration exceeds ±5%.
• The counterparty country is on the OFAC sanctions list.
• The foreign exchange classification level of the agency company is Class C.
• Solution: Request the agency to provide real-time foreign exchange classification inquiry services.

9. How to verify a proxy company's foreign exchange receipt qualification?

Four Key Elements of Compliance Verification:

• Check the "Response to"foreign tradeValidity Period of the "Easy Operator Registration Form"
• Query the State Administration of Foreign ExchangeList of Enterprises for Goods Trade Foreign Exchange Receipts and Payments
• Confirm the classification management level for export tax rebates (must be Class B or above).
• Verify that there are no records of foreign exchange administrative penalties in the past two years.

10. What are the special considerations for collecting payments in emerging markets?

Targeting emerging markets such as Africa and Latin America:

• Request the agency to provideLocal currency exchange channels
• Confirm the foreign exchange control policies of the destination country (e.g., Form M certification is required for Nigeria).
• It is recommended to purchase short-term export credit insurance from Sinosure.
• The advance payment ratio shall not be less than 30%.