Is Not Applying for the Import and Export Right = Throwing Money Away?
"Mr. Zhang recently received an overseas order but was stuck at the customs due to the lack of an import and export right." "Ms. Li's factory products are of high quality and low price, but they are always under - priced by middlemen."... Behind these scenarios, the same key is missing - the import and export operation right. However, the complex application process and cumbersome materials have deterred many enterprises. What problems can agency services actually solve? Today, let's analyze the way to obtain this foreign - trade "passport".
Having the self - operated import and export right means that enterprises can trade directly with overseas customers without going through a third - party agent. According to customs data, in 2023, the average profit of enterprises that declared customs independently was 18% higher than that of enterprises entrusting agents. The core advantages are reflected in:
- Reduce transaction costs: Eliminate agency commissions (usually 3 - 8% of the cargo value)
- Improve trade efficiency: Independently arrange the time for customs declaration, receipt and payment of foreign exchange
- Enhance customer trust: Directly display the enterprise's name to enhance the professional image
The case of Zhongshitong shows that professional agencies can compress the average processing cycle from 45 days to 20 days. Its core value lies in:
- Material pre - review service: Verify 12 materials in advance, such as business licenses and bank account opening certificates, to avoid repeated submissions due to minor errors (such as blurred official seals)
- Process trusteeship: Simultaneously connect to the systems of 5 departments, including the Bureau of Commerce, Customs, and State Administration of Foreign Exchange, and track the approval progress in real - time
- Subsequent maintenance: Provide value - added services such as free annual report filing and policy update reminders in the first year
The agency fees in the market range from 3,000 yuan to 30,000 yuan, and the differences mainly lie in:
- Whether derivative services such as foreign exchange registration are included
- Whether there is a physical office space (be vigilant against pure online institutions)
- The number of successful cases (request to provide recent receipt samples)
- Whether the contract clearly states the refund clause in case of failure
- The content of subsequent value - added services
On the surface, independent application only requires paying a 500 - yuan processing fee, but the hidden costs are often overlooked:
- Time - consuming by dedicated personnel: At least occupy 1 employee for 15 working days
- Learning cost: Need to master regulations such as the Foreign Trade Law
- Trial - and - error risk: An average of 2.3 times of material supplements are required
It is recommended to use this formula for decision - making: (Estimated annual export volume × 8%) - Agency fee > Cost of independent application. It is worth noting that new - format enterprises such as cross - border e - commerce can simplify the process through "one - form filing", while traditional manufacturing enterprises are still recommended to use professional agencies.
When the tide of foreign trade comes, do you choose to build your own ship or take a professional ferry? Feel free to share your choice logic in the comment section. In the next issue, we will explain in detail the handling skills of the "RCEP Certificate of Origin" to help you unlock more tariff preferences.
- Further Reading
- Application for Import and Export Rights: Companies Must Avoid These Pitfalls!
- How deep is the water in the agency service for import and export rights? The difference between 3,000 and 30,000 lies here
- Handling the import and export rights of an enterprise, you can't imagine these costs!
- Can the cost of handling the import and export rights actually vary by 5 times?
- With independent import and export rights, can companies just "lie flat and win"?
- The shortcuts you don't know about handling a company's import and export rights
If you require China procurement agency or import-export agency services, please get in touch with us through the following channels. Our professional consultants will reach out to you promptly for personalized support.
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