working in shanghai

• reyes

  30 Jun 08, 02:49

  i am being offer a job in shanghai by a china company.

  the pay is in RMB which i dont mind due to the strong RMB.

   

  1.is it easy to remit money from china bank to DBS bank?

  2. can we do a transfer from DBS shanghai to DBS singapore saving account?

   

• motoway

  30 Jun 08, 03:00

  hey reyes, ask u a thing, how do u bring $$ over without incurring DBS exchange rate?

• storywolf

  30 Jun 08, 15:37

  Originally posted by reyes:

  i am being offer a job in shanghai by a china company.

  the pay is in RMB which i dont mind due to the strong RMB.

   

  1.is it easy to remit money from china bank to DBS bank?

  2. can we do a transfer from DBS shanghai to DBS singapore saving account?

   

  have you work out your taxation ?

• zaxis

  30 Jun 08, 15:44

  my usual way

  remit through money changer channel

  deposit RMB into singapore money changer desinated account in china bank account,

  scan deposit slip email to my money changer in singapore.

  upon they confirmed received

  i pre-arrange with them deposit into my POSB saving in Singapore

• Arapahoe

  1 Jul 08, 10:48

  Originally posted by zaxis:

  my usual way

  remit through money changer channel

  deposit RMB into singapore money changer desinated account in china bank account,

  scan deposit slip email to my money changer in singapore.

  upon they confirmed received

  i pre-arrange with them deposit into my POSB saving in Singapore

  dude is this legit?  there is a thin line draw between money laundry...and remittance.

• zaxis

  1 Jul 08, 11:12

  if they have lic from Mon Authority Singapore MAS

  i question them less.

  wheather if they have lic from China, i cannot check

• reyes

  10 Jul 08, 11:11

   

   

  some of my friend advice me to bring RMB back to singapore when i come back every 3 mth.

   

  the local money changer exchange rate here is singapore from RMB to SGD is 5x.

   

  anyone know what is exchange rate in china from RMB to SGD.

   

   

• reyes

  10 Jul 08, 11:15

  hey reyes, ask u a thing, how do u bring $$ over without incurring DBS exchange rate?

   this is the china RMB to SGD exchange rate.

  as my family is in aust now, every mth i just go to DBS and do a demand draft which just cost $10.00 ( of coz using DBS SGD to aust exchnage rate). and i mail the check to whom it should received.

  i am not sure whether such a practise can be perform in any of the china bank.

  by the way, anyone know DBS has a shanghai office or not?
• reyes

  10 Jul 08, 11:16

  have you work out your taxation ?

  that is another issue i need advice.

  How do you guys work out your tax when you are working for a foreign company in oversea country?

   

  1.Do you declare tax in china or pay tax in singapore?

   

  of coz i dont want the mistake of double tax!

   

  2. what is personal income tax in china for foreigners?

   

• Arapahoe

  11 Jul 08, 01:59

  you don't have to pay tax in Sg if you proved to IRAS that you are working oversea. But u still need to do your annual submission thru the net. U just have to comply to your host country tax law.