Cross-border payment solution for a domestic company

A domestic company, which needs to pay technology royalties to an offshore company on a quarterly basis, encountered difficulties in cross-border payment of funds under the item of trade in services. We provided the client with the following services.

• Providing compliance training to the personnel of the domestic enterprise's operating entities in several cities across China on the process of paying technology royalties abroad.

• Assisting domestic business entities to apply for technology import registration with the commerce, technology and taxation authorities.