Import and Export Right: The Profit - making Secret Unknown to 90% of Domestic - funded Enterprises

Mr. Zhang has been running a clothing processing factory for many years. Recently, however, he missed a million - dollar order because of a customer's question "Do you have the import and export right?". Such scenarios are playing out in countless domestic - funded enterprises. With the acceleration of globalization, the import and export right is no longer the exclusive configuration of foreign - trade enterprises, but a necessary weapon for domestic - funded enterprises to break through market boundaries.

What is the Import and Export Right?

Simply put, the import and export right is the qualification license for enterprises to engage in import and export trade in accordance with the law. After obtaining this qualification, enterprises can:

• Declare and clear customs independently
• Open a foreign exchange account
• Enjoy the tax - refund policy
• Directly participate in international bidding

It is worth noting that since the "integration of multiple certificates into one" reform in 2019, the import and export operation right has been incorporated into the business license, but enterprises still need to complete subsequent filings with the customs, electronic port, etc.

Detailed Explanation of the Handling Process

Taking "Ms. Li" in the service case of Zhongshitong as an example, the complete handling usually takes 20 working days:

• Step 1: Adding Items to the Business License - Add the business scope of "goods import and export" or "technology import and export"
• Step 2: Foreign Trade Filing - Submit an application through the business system of the Ministry of Commerce
• Step 3: Customs Registration - Obtain a 10 - digit customs code
• Step 4: Electronic Port Card - Equivalent to the enterprise's "foreign - trade ID card"
• Step 5: Filing with the State Administration of Foreign Exchange - Open the authority for foreign exchange receipts and payments

The whole process involves 5 departments, and it is recommended to entrust a professional agency to handle it.

Common Cognitive Misunderstandings

In the service process, we found that enterprises often have three major misunderstandings:

• Misunderstanding 1: Only foreign - trade companies need it - In fact, any enterprise with cross - border procurement/sales needs should handle it
• Misunderstanding 2: High handling costs - The government has cancelled relevant administrative charges, and only basic service fees need to be paid
• Misunderstanding 3: Complex maintenance - After the annual inspection was changed to annual report publicity, the maintenance cost was greatly reduced

Why Must It Be Handled Now?

Three real - world factors are forcing enterprises to take action:

• The penetration rate of cross - border e - commerce has exceeded 40%, and traditional channel merchants are
• Agreements such as RCEP bring tariff reductions, but enterprises need to declare independently to enjoy them
• The domestic overcapacity is intensifying, and the overseas market has become a new growth breakthrough point

As a senior consultant of Zhongshitong said: "An enterprise without the import and export right is like a driver without a driver's license. No matter how good the car is, it can't get on the road."

Is Your Enterprise Suitable for Applying Now?

You might as well do a quick self - test:

• Have overseas customers actively inquired about prices?
• Does the proportion of imported main raw materials exceed 30%?
• Have peers started to layout the overseas market?

If the answer to any of these questions is "yes", it is recommended to start the handling process immediately. After all, in the global competition, those who get the admission ticket first often occupy a more favorable position.

Have you ever missed business opportunities due to the lack of the import and export right? Welcome to share your story in the comment area, or send a private message to get a customized handling plan.