Is the Import and Export Right a form of IQ tax? These enterprises are making tens of millions of yuan a year with it!

Mr. Zhang has been very distressed recently. His food processing factory received an overseas order, but due to the lack of the Import and Export Right, he had to watch helplessly as most of the profits were taken away by the middlemen. Meanwhile, Ms. Li's toy company next door doubled its performance directly after obtaining the Import and Export Right last year. The Import and Export Right is not only a pass for international trade, but also an amplifier of enterprise profits. Today, let's dissect this "customs clearance document" that countless bosses both love and hate.

When the competition in the domestic market is white-hot, enterprises with the Import and Export Right are like getting the "Admission Ticket to the Global Supermarket":

• Directly connect with overseas customers, and the profit margin can be increased by 30% - 50%.
• Enjoy the export tax rebate policy, and the maximum rebate rate in some industries can reach 13%.
• Independently control the logistics chain and no longer be restricted by agency companies.

The case of Zhongshitong shows that an electronic components enterprise recovered all the costs of handling certificates in just half a year after obtaining the Import and Export Right.

The whole process takes approximately 45 - 60 working days, and the key steps are interlinked:

• Step 1: Adding Items to the Business License: Add the business scope such as "Import and Export of Goods" (Common Pitfall: Omitting the Import and Export of Technology).
• Step 2: Filing for Foreign Trade Record: Submit the application through the Ministry of Commerce system (It is recommended to handle the e-Port Card simultaneously).
• Step 3: Customs Registration: Obtain the 10-digit customs code (Note: Different ports need to be filed separately).
• Step 4: Filing with the State Administration of Foreign Exchange: Open the payment and receipt authority of foreign currency accounts.

Besides the regular rights and interests, these "unpopular privileges" can bring more surprises:

• Essential Qualifications for Entering Cross-border E-commerce Platforms.
• A Stepping Stone to Applying for Special Subsidies for Foreign Trade from the Government.
• Improve the enterprise credit rating and make financing more convenient.

Not all enterprises need to handle it immediately. Take action when the following 3 conditions are met:

• The annual turnover is stably over 5 million yuan.
• There are clear foreign trade customers or procurement needs.
• Can afford the comprehensive cost of about 20,000 - 30,000 yuan (including agency service fees).

If you are still hesitant after reading this, you may as well:
1. Calculate the intermediary cost of the existing foreign trade business.

2. Consult professional institutions such as Zhongshitong to conduct a feasibility analysis.

3. Participate in the "Face-to-face between Customs and Enterprises" activity held by the customs.
Remember: The Import and Export Right is not a consumption, but an investment. When Mr. Zhang finally completed all the procedures, he said with a smile, "I should have spent this money on myself earlier."