Is the process of handling import and export rights too complicated? Please keep these 3 tips to avoid pitfalls

Mr. Zhang has been very distressed recently - the smart home devices produced by his company have received continuous inquiries from overseas, but he had to reject them reluctantly due to the lack of import and export rights. While Ms. Li's start - up company next door doubled its performance directly after obtaining the import and export rights last year. Import and export rights are not only an "international passport", but also a hidden engine for profit growth. Today, let's analyze how enterprises can efficiently obtain this "golden license".

According to Customs data, among the enterprises with import and export performance in 2023, private enterprises accounted for more than 50%. The three core advantages brought by import and export rights:

• Cost reduction: Self - declaration saves 15% - 20% of the cost compared with entrusting an agent
• Controllable transactions: Directly receive foreign exchange, and the capital turnover efficiency is increased by 30%
• Qualification endorsement: More competitive when bidding for international projects

First, complete the "upgrade of enterprise basic files":

• Add items to the business license: Add expressions related to "import and export" to the business scope
• Open a foreign currency account: It is recommended to choose a bank with convenient foreign exchange settlement
• Handle an electronic port card: Apply online on the website of China Electronic port

Three "mandatory filing" links need to be completed:

• Customs filing: Submit the registration certificate of the customs declaration unit through the "single window"
• Foreign exchange administration filing: Obtain the registration of the import and export enterprise list
• Inspection and quarantine filing: Extra procedures are required for special categories such as food and cosmetics

Obtaining the qualifications is just the beginning. Three compulsory courses need to be completed every year:

• Customs annual report (before June 30th each year)
• Foreign exchange revenue and expenditure declaration (within 5 working days after each transaction)
• Update of electronic port information (when the legal person/address changes)

According to the service cases of Zhongshitong, these minefields must be avoided:

• Misjudgment of categories: An enterprise's export of "smart hand warmers" was classified as electrical appliances, but it should actually be declared as daily necessities
• Exchange rate blind spot: Ms. Li once lost nearly 200,000 yuan in profits due to not locking in the exchange rate
• Lack of documents: Certificates of origin, quality inspection reports, etc. need to be prepared 3 months in advance

While you are hesitating, your competitors may have obtained their first overseas order through cross - border e - commerce. There is no "perfect time" in global trade, only "first - mover advantage". You may leave your industry in the comment section to get customized suggestions.