A Must - Read for Foreign Traders! The Right to Free Import and Export Can Save 20% of Costs

Mr. Zhang recently found that overseas customers were very interested in the customized hardware products produced by his factory, but an order got stuck in the customs declaration process. Ms. Li's cross - border e - commerce store had 30% of its profits eaten up by middlemen because it couldn't clear customs independently... Without the right to free import and export, your business may be suppressed by an "invisible ceiling". Today, we will use a nanny - level guide to help you remove this threshold.

The right to free import and export (also known as the right to import and export operation) is equivalent to an enterprise's "international trade identity card". Having it means:

• Directly trade with overseas customers and save agency fees
• Independently choose logistics and customs declaration channels
• Enjoy policy dividends such as export tax rebates

1. Confirmation of Subject Qualification: The business license must include the business scope of "goods import and export" or "technology import and export". If not, industrial and commercial changes need to be made first (about 3 working days)
2. Basic Material List:

• Official seal and legal representative's seal
• Bank account opening permit
• Proof of office space

Step 1: Record - filing of Foreign Trade Operators
Log in to the business system of the Ministry of Commerce, submit an electronic application, and then carry the materials to the local Bureau of Commerce to obtain the record - filing registration form (usually completed within 1 working day).

Step 2: Customs Registration
Submit an application through the "China International Trade Single Window" to generate a 10 - digit customs code. It should be noted particularly here that: The special seal for customs declaration must be exactly the same as the registered name.

Step 3: Access to the Electronic Port
Handle the IC card and card reader, which are the "digital keys" for subsequent customs clearance. Zhongshitong reminds: It is recommended to apply for the record - filing in the list of the State Administration of Foreign Exchange at the same time, otherwise, there will be obstacles in foreign exchange receipt and payment.

Step 4: Record - filing of Inspection and Quarantine
Extra handling is required for special categories such as food and cosmetics, and this step can be skipped for ordinary commodities.

Step 5: Open a Foreign Currency Account
Submit a full set of qualification documents to the bank. It is recommended to choose a bank with international settlement experience.

• "Import and export" words omitted in the business scope: Industrial and commercial changes need to be made first before application
• Customs declarant not pre - registered: Temporary recruitment may delay for 1 - 2 weeks
• Electronic port card not activated: Initialization needs to be completed within 15 days after receiving the card
• Record - filing in the foreign exchange list ignored: Resulting in the inability to normally settle the payment for goods

After Ms. Li's company obtained the right to import and export, the profit margin of orders from German customers directly increased by 22%. Now it's your turn - Click to obtain the self - inspection list of application materials compiled by Zhongshitong, leave your industry in the comment area, and get customized suggestions. The door to globalization never closes to those who are prepared.