Taiwan Resident Successfully Sold Two Apartments in Beijing and Transferred the Proceeds Overseas

Background A client from Taiwan had purchased two residential properties in Beijing while living and working in mainland China. Years later, after moving to US, the client decided to sell both properties as part of a long-term asset restructuring plan. The goal was to complete both transactions efficiently and legally transfer the sale proceeds to an overseas bank account. Challenge Managing two property sales simultaneously involved additional planning and coordination. Key challenges included: • Preparing the required ownership and identity documents. • Coordinating two separate property transactions within a similar timeframe. • Calculating and settling taxes for each property. • Completing the required documentation for cross-border fund remittance. • Coordinating with the bank to ensure the transfer complied with applicable regulations. Because the client was living outside mainland China, timing and document preparation were critical to keeping both transactions on schedule. Our Solution We provided end-to-end coordination throughout both transactions by: • Reviewing the ownership documents for both properties. • Coordinating transaction documentation and buyer communications. • Assisting with tax calculation and settlement. • Preparing the documents required for overseas fund remittance. • Coordinating with the bank throughout the foreign exchange and international transfer process. • Keeping the client informed at every major stage of the transactions. Outcome Both transactions were completed successfully. ✔ Two Beijing residential properties were sold. ✔ All applicable taxes were settled. ✔ Documentation was prepared in accordance with regulatory requirements. ✔ The sale proceeds were successfully transferred to the client's overseas bank account. ✔ The client completed the asset restructuring smoothly without unnecessary delays. Key Takeaways For Taiwan residents and other overseas property owners, selling property in mainland China involves more than completing a real estate transaction.

Early preparation of ownership documents, tax planning, and fund remittance documentation can significantly improve efficiency and reduce delays.

When multiple properties are involved, coordinating the transactions together often leads to a smoother overall process. Client Testimonial "Selling two properties at the same time seemed overwhelming at first. The structured coordination throughout the sales, tax procedures, and fund transfer gave me confidence that everything was handled professionally and efficiently." Read More Related Case Studies

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