How to get some money from China / HK?

[donald1234]

Hello everyone,
I have a question for you, which may seem easy to answer...

I have a Chinese friend who I helped with his work. He wants to pay me for this (we're talking about €5,000). However, there is no employment contract, nothing. So it's simply impossible to pay this into my bank account.

Is there any other easy way for him to send me the money? He was thinking of transferring it to my credit card but I find the system a bit strange.
How would you go about this?

If it's important, i am from germany.
Thank you!

 

[davefish]

USDT is the best way

 

[donald1234]

OK so he buys crypto and send them to my wallet. I got one Exodus,‌ is that ok?
But how to cash it out then?

 

[BlackVault]

USDT -> Your CEX wallex (Kraken, Binance, Crypto.com or whatever) -> Convert to your currency⁠ -> Withdraw

Easy as that 😉

 

[daniels27]

Normally the bigger problem is to get the money out of China. Paying 5000 EUR︁ into a bank account is the easy part. Nobody will ask and if they do,︂ you tell them that it is a friend who is lending you some money so︃ that you can buy a car.

 

[donald1234]

Well, that kind of 'rent' is unusual as you know.
And I can insure you‌ I was already contacted because of some '2000€' payment so I will for sure be‍ for more coming out of china or HK.

I have an account by finance. Maybe⁠ I can use this by getting the crypto and wiring it on local bank account⁤

 

[linusAG]

You can try PayPal CN -> PayPal DE
Send as family or friends

 

[donald1234]

I thought about this however PayPal has it's own currency rate and‍ it's a real scam

 

[linusAG]

Use a Credit Card on China side.
Some Credit‍ Card will give a good CNY/EUR currency and do not use PayPal's FX

 

[Mining]

Your client buy USDT send them to you and you cash them out in Germany‌ either in cash or either through your broker (Binance,…)

You can use to exchange your‍ USDT.
https://www.bestchange.com

 

[donald1234]

how would i‍ get a china card while living in DE?

 

[Wellington]

Just write a contract and back-date it?

 

[intlman]

Exactly. No point‌ overthinking it...

 

[donald1234]

the goal is‌ not to pay 26% social security tax on that + 40% income tax... 😵

 

[Wellington]

So tax evasion rather than a question on how‍ to get funds out.

 

[Wellington]

- it's no longer legal tax avoidance practices because this is post event, therefore tax‌ evasion conspiracy, and money laundering, and eventually proceeds of the crime.

 

[donald1234]

I have a job and I am paid every months. I pay my social⁠ taxes as well as income taxes and every taxes possible.
I did a favour to⁤ a friend which is willing to give money for that. It was not planned, it⁣ was not my job, it was not a contract, I did not have to do⁢ it and yes, my friend has a lot of money.... So no, it is not︀ tax evasion as you are telling it.

 

[Wellington]

Then declare it as⁢ a gift, and include the paperwork for such, and then pay any relevant taxes for︀ such, and stop looking to evade/launder or appear to.

 

[A2934]

Contacted by whom and why if I may ask? And especially for⁠ 2000 EUR which for Germany is such a small amount.

 

[donald1234]

by my personal‍ bank...
I don't think the amount was relevant, but more the fact it was a⁠ not so common operation from a not so common country.