Foreign exchange control has always been a difficult problem plaguing the vast number of small and medium-sized foreign trade enterprises and foreign trade SOHOs. In international trade, the free receipt and payment of foreign exchange is crucial whether for import or export. However, at present, China is still subject to foreign exchange control, which is very inconvenient for trade operations in practical work.

Facing this difficult problem of foreign exchange control, many enterprises solve it by opening offshore accounts. Offshore accounts are free, and there are no restrictions on remittance out or in. Whether at home or abroad, whether for individuals or companies, it is freely received and paid. Offshore accounts are usually only opened for companies and not for individuals. Therefore, to open an offshore account, one usually registers an overseas offshore company first. After registering and establishing an offshore company, one can then apply for opening an offshore account. From then on, funds can be freely transferred from the offshore account without being subject to domestic foreign exchange control.

The benefits of using an offshore company to solve the problem of foreign exchange control are reflected in:
①For export, offshore companies can freely receive and pay domestic and foreign commissions, pay ocean freight and insurance premiums, and facilitate verification and tax rebates;
②For import, offshore companies can not only freely receive and pay domestic and foreign commissions, but also prepay货款, make import payments, open or transfer letters of credit, etc.