1- The main settlement currency for global trade is dollar, most transactions in international trade are denominated and settled in dollars.
2- China's foreign exchange control restricts the exchange of RMB and cross-border transfers.
3- USD account allows you to receive and pay directly in USD, avoiding the exchange rate losses associated with frequent currency conversions.
4- USD accounts usually support multi-currency operations, making it easy to manage the flow of funds in different currencies.
5- It's convenient to support global business expansion.
II. What documents for USD bank account?
1- Provide the relevant company documents
2- International trade business proof, such as bill of loading, purchaing contract etc
3- Individual passport, address proof
1- Company USD account
2- Company RMB account
3- Personal USD account
4- Personal RMB account
5- Personal Credit Card
“I have always paid for my goods through the market in dollars, but it was very frustrating for me because the exchange rate was unstable and insecure. I asked for help from ZOMIRA, they understand the international trade situation and our real needs, now I have 2 USD accounts and 3 RMB accounts. ZOMIRA is a very important partner for me in China and I feel that everything can be solved with them!" --- Mohammed from Egypt