Many mainland individuals and companies have set up their own in Hong KongHong Kong companyIn order to conduct international business. In recent years, as more and more Hong Kong companies have become profitable, mainland investors have been tempted to buyHong Kong companyProfits are distributed to the mainland, So can we receive dividends from overseas companies in China?
This depends on the situation. First of all, for individual investors, the dividend to the mainland is not able to get money, because the dividend is subject to foreign exchange control in the bank. In mainland China, for overseas investment companies, they need to obtain authorization and approval from such government departments as the Department of Commerce and the National Development and Reform Commission before making overseas investment. Since mainland individuals cannot obtain formal authorization, mainland banks will refuse to issue exchange to individuals when they want to receive dividends because they cannot provide formal authorization documents.
If it is a company investing abroad, before the investment has obtained authorization approval documents from the Department of Commerce and the National Development and Reform Commission, then these companies can normally receive dividends from overseas companies to the mainland.
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