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Since establishing diplomatic relations in 1954, China and the UK have enjoyed a stable bilateral relationship. Trade between the two nations has steadily increased since 1999, and in 2021, China was the UK’s largest import partner. 

Even so, Chinese citizens who wish to transfer money from China to the UK face many restrictions. Generally, the amount that can be transferred is $50,000 per calendar year for each individual. However, there are fewer restrictions for Chinese businesses sending money online to the UK and for those making larger transfers intended for tuition costs, remittances to family members, or to cover medical expenses.

The UK sees a vast number of Chinese visitors to the UK, both as tourists and workers. When undergoing a visit, Chinese nationals require a visa in order to enter the UK. A positive response to meet growing needs, the UK Visa Application Centres in China have recently undergone massive upgrades and have expanded to accommodate a larger number of applicants more efficiently. Currently, there are at least 15 of these centres spread throughout major Chinese cities, making Visa applications a quicker process.

If you’re interested in learning more, applications for UK visas from China are managed by VFS Global.  Note that before applying for a visa, applicants must first determine which type of visa will best fit their specific situation, and all visa application forms are in English and must be filled out in English as well. Be sure to research and get the right type of visa as Chinese nationals who enter the UK on a general visitor visa will not be able to work, marry, receive medical treatment, or enrol in a course of study.

In order to seek employment in the UK, All Chinese nationals need to obtain a work visa. Tier 1 visas are general work permits that do not require you to have a job offer. Tier 2 visas require you to show proof of a job offer from a qualifying UK employer. If Chinese expats will be staying temporarily in the UK, they can apply for a Tier 5 visa, which allows them to work for a short period. Keep up to date with the latest Visa requirements at gov.uk.

To take this step, you will have to present proof of income in addition to as much as a 40% down payment. Chinese expats may also be able to secure a loan from a local bank in China with which they already have an established relationship. The best thing to do is to engage the services of a real estate professional or lawyer who can assist with all aspects of the purchase, including the tax implications.

Although a sophisticated system, opening a bank account in the UK can be a complicated and frustrating process for Chinese expats. The complication lies in the excess of 20 choices of institutions, the most popular of which are the Royal Bank of Scotland, Barclays, HSBC, Lloyds Bank and NatWest. 

If you want to open a British bank account, it’s necessary to present proof of income and employment, a passport, and evidence of a local address. With some banks, you might have the option to open a bank account in China before arriving in the UK. Despite this simplifying the transferring of money from China to the UK, remember it can be a costly venture.

Chinese nationals who live in the UK for more than 183 days within the UK tax year will have to pay taxes on income generated both in the UK and overseas. Taxes range from 20% to 40% on annual income between £12,571 and £150,000, (Personal Allowance is set at £12,570 for the tax year 2022-2023). 

The UK makes for an incredibly popular destination for Chinese students. In fact, the largest number of international students from non-EU countries enrolled in UK universities and colleges are Chinese nationals; in 2022, there were around 144,000 Chinese students. This means that Chinese students are by far the largest demographic of overseas students in the UK, even outnumbering EU students.

Unfortunately, a Chinese student can expect to pay higher fees than local students: The average amount for one year of study is £22,200. Another key thing to consider when applying to UK universities, a student visa is required once you have been accepted into a UK institution. As part of the process, you will have to provide evidence that you have sufficient funds to cover the tuition as well as living expenses.

The National Health Service (NHS) manages public health care in the UK and is renowned as one of the leading health services in the world. Chinese expats are entitled to free emergency health care in a NHS medical facility. 

However, if you intend to stay in the UK for an extended period of time though, you will have to register to get your personal NHS number. If you’re planning to stay for more than 6 months, you’ll be required to pay an immigration health surcharge, but you can find out more on the NHS website. 

To find the best money transfer provider to send money from China to the UK, see our reviews of trusted money transfer services.