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off-shore payment
i have one customer from India , he plan to buy Titanium wire mesh from my sides .
he have agree with my quote and have send PI to customer . now it has small trouble .
India bank can't arrange sample payment , he think that beneficiary name not match company name . so i don't know how to explain customer .
off-shore account is avoid high tax , so most of company apply for off-shore dollar account .
if used company dollar account , it must be add tax cost , but in china, tax is very high , it have reach in 16% add value tax .
when quote add tax cost , some customer are disappear , because they can't receive high price, they need more cheaper and lower quote.
now china goverment ban to used off-shore account , because the tax will become less ,
some bank have stop to apply for dollar off-shore account.
some company also stop to used offer -shore ,because he think that it is high risk .
they worry about can't receive money from bank , otherwise will loss customer and money .
what about your company ? how to receive order ? how to receive other country money ?
let me know , we can share suggest together , thanks .