---
title: "Managing International Cashflow & Business Lessons with Attila"
slug: "managing-international-cashflow"
type: "archive"
url: "https://globalfromanywhere.com/managing-international-cashflow/"
canonical_url: "https://globalfromanywhere.com/managing-international-cashflow/"
date_published: "2014-02-25T02:11:08+00:00"
description: "GFA021. Today’s episode is at the tail end of my 1 month USA road trip (sorry I missed last week, too much traveling!) and I was able to get some juicy inside information about how my friend Attila runs his international business, dealing with international banking, cash flows , import and export headaches for consumer electronics in and out of China, and some business lessons with business partners. Enjoy!"
---

# Managing International Cashflow & Business Lessons with Attila

[![attila2](https://globalfromanywhere.com/wp-content/uploads/2014/02/attila2.png)](https://globalfromanywhere.com/managing-international-cashflow/)  

Podcast: [Play in new window](https://media.blubrry.com/podcast_global_from_asia/p/podcast.globalfromasia.com/gfa21.mp3 "Play in new window") | [Download](https://media.blubrry.com/podcast_global_from_asia/s/podcast.globalfromasia.com/gfa21.mp3 "Download")

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Today’s episode is at the tail end of my 1 month USA road trip (sorry I missed last week, too much traveling!) and I was able to get some juicy inside information about how my friend Attila runs his international business, dealing with international banking, cash flows , import and export headaches for consumer electronics in and out of China, and some business lessons with business partners. Enjoy!

## Topics Covered in this Episode

*   Introduction of Attila
*   His process of going Retail, into Hong Kong, then Mainland china, then to wholesale
*   What kinds of products he has experience in selling
*   Financial flow (cash-flow) of money in Asia
*   Receiving money from customers (b2c and b2b) examples and flow
*   Receiving Paypal in Hong Kong
*   Corporate structure examples of what he has done or advised
*   Getting benefits of a Hong Kong bank without a Hong Kong company
*   Logistics of cash-flow – balancing USA merchant account and offshore merchant account
*   Limits or flags merchants put on batches
*   Why banks have these limits and risk controls
*   Rates of USA merchant banks and offshore merchant banks
*   Dealing with goods – Importing into Hong Kong vs importing into China and invoices protocol cross-border
*   VAT / Fapiao – taxes and duties in China, components or finished goods
*   Why goods in China are not always cheaper than in America or other countries
*   Case study of bringing in IC chips from Hong Kong into Shenzhen (mainland China)
*   Dealing with legal issues in China
*   Breakup with his business partner over this legal issue.
*   Strains of having business partners in Asia and USA at the same time and dealing with cultural differences
*   Importance of having shareholder contracts with business partners
*   Advice for new business people looking to get involved with buying and selling consumer electronics in Asia / China

## People / Companies / Resources Mentioned in this Episode

*   [Worldpay international merchant bank](http://www.worldpay.com)
*   [HSBC bank](http://www.hsbc.com.hk)
*   Emailing Attila – attila @ attila.com

## Episode Length: 24:26

## Download Options

*   Direct Download: Right-click [here](https://podcast.globalfromasia.com/gfa21.mp3) and click “Save As” for a direct download
*   iTunes: [Listen and subscribe](https://globalfromanywhere.com/itunes) on iTunes for free!
*   Android: Listen via [Stitcher Internet Radio](https://www.stitcher.com/podcast/global-from-asia-doing-business-via-hong-kong) streaming
*   If you enjoyed this episode, leave a positive review on [iTunes](https://globalfromanywhere.com/itunes)!

https://www.youtube.com/embed/ner8-hXiuDU?feature=oembed

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## Comments

## 2 Comments on “Managing International Cashflow & Business Lessons with Attila”

1.  Pingback: [Merchant Account Comparison](https://globalfromanywhere.com/merchant-account-comparison/)
    
2.  Pingback: [11 things I Wish I Knew Before Coming To China with Chris Gormley - GFA63](https://globalfromanywhere.com/11-things-wish-before-coming-china/)