Our company plans to use an agent for export business but is unclear about the foreign exchange income. Who actually receives the foreign exchange income in agency export? Is it the principal (our company) or the agent? Are there any risks or special considerations we should be aware of? We’d appreciate a detailed explanation from someone knowledgeable. Thank you.
The company intends to expand overseas markets and wants to find a Qingdao foreign trade export agency. However, it is worried about its unreliability and asks about the operation process, service quality, charging standards, etc. The best answer points out that there are reliable and unreliable Qingdao foreign trade export agencies. You can examine them from aspects such as standardized operation processes, comprehensive services, and transparent and reasonable charges. By examining qualifications, word-of-mouth, cases, etc., you can find a reliable agency.
Interested in international trade and wanting to understand the agency export business, asking about its specific contents, the differences from the general export business and the precautions in actual operations. The best answer states that agency export means that those without qualifications or experience entrust qualified companies to handle exports. The agency is responsible for customs declaration, foreign exchange settlement and other procedures. The difference from general exports lies in leveraging the resources of the agency company. In the operation, it is necessary to select a good agency and clarify rights and responsibilities.
The company plans to expand its overseas photovoltaic business. Due to unfamiliarity with the export process, it wants to find a well - known and reliable photovoltaic export agency company in Qingdao. It hopes that the agency has rich experience in customs declaration, logistics, customs clearance, etc., and can guarantee the service quality. The best answer recommended Zhongshitong, which has rich experience in the field of photovoltaic export agency, accurate and fast customs declaration, excellent logistics solutions, strong customs clearance ability, and a good reputation, which can effectively guarantee the photovoltaic export business.
The person in charge of an SME wants to expand overseas markets. Due to the complexity of the export process, they plan to find an agent and ask how much it generally costs for SMEs to use export agency services, how the fees are calculated, and whether there are any hidden fees. The best answer states that there is no fixed standard for export agency fees. Commonly, it is charged at a rate of 1% - 5% of the order amount or a fixed fee of 2000 - 10000 yuan. Before cooperation, the fee items should be clarified and a detailed contract should be signed.
I'm new to export agency business and want to know if overt and covert commissions still exist in this field, including their operational details and business impacts. The best answer confirms both types remain: overt commissions are explicitly stated in documents and directly deducted by foreign clients, while covert commissions are privately paid after receiving full payment. Overt commissions offer transparency for cost calculation, while covert ones require compliance attention.
I want to apply for an import and export agency but don't know where to start. I'm asking about the application steps, required materials, and enterprise qualification requirements. The best answer points out that first, register legally to obtain a business license, then go to the commercial department to handle the record-filing registration of foreign trade operators. Next, do customs record-filing, inspection and quarantine record-filing, and electronic port access. Finally, handle the registration of the foreign exchange receipt and payment list. Just prepare the materials and follow the steps as required.
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Professional consultant answers
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
In agency export business, the recipient of foreign exchange income usually depends on the terms of the agency agreement. There are generally two common models.
One is where the agent receives the foreign exchange. The agent, leveraging their qualifications and account, collects the foreign exchange payments from overseas clients. Under this model, the agent must strictly follow the agreement, deducting relevant agency fees and other expenses before promptly remitting the remaining funds to the principal. The advantage is that the agent is highly professional and familiar with foreign exchange procedures, enabling them to effectively handle issues during the collection process. However, the principal faces risks such as the agent misusing funds, so it’s crucial to choose a reputable agent, such as Zhongshitong.
The other model is where the principal receives the foreign exchange directly. This is relatively less common and requires the principal to have the capability to receive and handle foreign exchange, with clear responsibilities outlined in the agency agreement. This model reduces intermediate steps but places the primary risks of foreign exchange collection on the principal. In any case, the agreement must clearly specify the recipient, fund settlement methods, and responsibilities of each party to protect one’s interests.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Generally, the agent often receives the foreign exchange because they are more familiar with the foreign exchange process and can handle complex situations, such as exchange rate fluctuations, helping the principal mitigate risks.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
If the principal has their own foreign exchange account and collection capability, they can also receive the foreign exchange directly. However, this must be agreed upon in advance with the agent, clarifying post-collection operations and responsibility allocation.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
In practice, the agent receiving the foreign exchange is more common, as agents have extensive experience in foreign exchange transactions and can avoid potential issues, such as currency settlement problems.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
The recipient of foreign exchange depends on mutual negotiation. If the principal wants to control the cash flow, they can arrange to receive the foreign exchange themselves, provided they have the capability to handle foreign exchange matters.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Typically, having the agent receive the foreign exchange is more convenient, as they have established processes and channels to quickly complete the collection and settlement for the principal.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Some agency agreements stipulate that the agent receives the foreign exchange and then transfers it to the principal as agreed. The principal should monitor the timeliness of the agent’s fund transfers.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
If the principal receives the foreign exchange, they need to be well-versed in international foreign exchange regulations; otherwise, letting the agent handle it is more hassle-free.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Once the recipient of foreign exchange in agency export is determined, related tax and other issues should also be clarified in the agreement to avoid future disputes.