The right to import and export is actually the hidden wealth code of enterprises

When Mr. Zhang received the inquiry email from an overseas customer for the first time, he realized that there was such a huge demand for his products abroad. However, when he was excited to sign the contract, he was stumped by a problem: The company does not have the right to import and export trade. How many tricks are hidden in this seemingly simple qualification? Today, let's unveil the mystery of the enterprise's right to import and export trade.

Simply put, the right to import and export trade is the qualification for an enterprise to engage in import and export business in accordance with the law. Having this right means that an enterprise can directly sign contracts with overseas customers, handle customs declarations, receive and pay foreign exchange, etc. It is worth noting that since the revision of the Foreign Trade Law in 2004, China has fully liberalized the right to operate import and export, any enterprise can apply, and there are no longer threshold restrictions on registered capital or annual sales.

• Direct trade: Set prices independently, with a larger profit margin
• Brand building: Master end customers and enhance international influence
• Tax optimization: Enjoy policy dividends such as export tax rebates

Ms. Li's Zhongshitong Company successfully obtained the right to import and export last year, and she shared her practical experience:

• Step 1: Add items to the business license, adding the business scope of "import and export of goods" or "import and export of technology"
• Step 2: File with the customs and obtain a 10-digit customs code
• Step 3: Register with the State Administration of Foreign Exchange and open a foreign currency account
• Step 4: Electronic port card, used for customs declaration operations

Many enterprises are prone to falling into three cognitive traps:

• Misunderstanding 1: "Apply only when there is an order" - Sudden orders may lead to missing business opportunities due to incomplete qualifications
• Misunderstanding 2: "Small enterprises don't need it" - New business forms such as cross-border e-commerce also make it necessary for small and micro enterprises
• Misunderstanding 3: "Everything is fine after getting it" - Attention still needs to be paid to subsequent management such as export tax rebates and certificates of origin

Based on the experience of serving thousands of enterprises, we have summarized three golden rules:

Plan in advance: Consider import and export needs when the enterprise is established to avoid the cumbersome process of later changes.

Dynamic management: Keep informed of upgraded services such as AEO certification of the customs in a timely manner to improve trade facilitation.

Eco-construction: Establish stable cooperation with freight forwarders and customs brokers to reduce operating costs.

When the following signals appear, it is the best time to apply for the right to import and export: receiving overseas inquiries, suppliers requiring self-operated exports, planning to participate in international exhibitions, considering cross-border e-commerce... Under the wave of globalization, the right to trade is not an option, but a standard configuration.

Now, why not turn on your computer and check: Does the business scope of your business license contain the three words "import and export"? If not, perhaps it's time to take action. Welcome to share your foreign trade stories or questions in the comment section. The expert team of Zhongshitong will select typical questions for answers.