Is the import and export business right actually a money - making black hole?

Mr. Zhang has been very distressed recently. His clothing factory has become quite well - known in the domestic market. However, seeing that his peers have expanded their business overseas through cross - border e - commerce, he realized that without the import and export business right, he couldn't even send international express. "It turns out that the difference between the local business and the global market is just one certificate."

The import and export business right is not a simple filing document, but a legal qualification certification for enterprises to participate in international trade. The cases of Zhongshitong show that the average foreign trade volume of enterprises that obtain the qualification has increased by 300%. The main advantages are reflected in:

• Self - declaration can save 15% - 20% of logistics costs
• Directly receive foreign exchange settlement to avoid exchange rate losses
• Enjoy policy dividends such as export tax rebates

Ms. Li once wasted half a year due to misunderstandings about the process:

• Misunderstanding 1: "The registered capital must be over 5 million" (there is actually no rigid requirement)
• Misunderstanding 2: "Need physical import and export records" (newly established enterprises can also apply)
• Misunderstanding 3: "The handling period is at least 3 months" (with complete materials, it can be done in as fast as 20 working days)

The standardized process recommended by Zhongshitong experts:

• Step1: Complete customs filing to obtain a 10 - digit code
• Step2: Apply to the State Administration of Foreign Exchange for the list of income and expenditure
• Step3: Go through the formalities for accessing the electronic port
• Step4: The tax bureau's export tax rebate qualification determination

Take action when the following signals appear:

• Receive inquiries from overseas customers but unable to quote
• Domestic peers start to layout in the Southeast Asian market
• The annual turnover breaks through the threshold of 5 million yuan