RMB here we say it is cross-border RMB. A company can receive cross-boarder RMB after opening the function of receiving cross-border RMB in the company’s bank counter. Commonly the company needs below documents for this application.

1. Application form which need be chopped the company’s stamps.

2. Business license, original.

After the above process is done, when the company receives the RMB from an overseas client, below documents need to be provided to the company's bank:

1. Agreement of this RMB transaction.

2. Pro-forma invoice.

3. Customs declaration form if the payment is for sale of goods.

It is very important that the currency used in the customs declaration should also be RMB if the payment is for sales of goods. As if the two currencies are not same, as present such transactions will not be pre-reviewed by the government, the money still can be arrived in the company’s bank account, but it is not legal, still have a big risk, when after-reviewed by the government.

There may be a little difference among banks about the documents' requirement. Please confirm with the company’s bank about the documents.

#Can I receive RMB from overseas clients?