Handling of Import and Export Rights, a Crucial Step for Enterprises to Explore the International Market

In the wave of the globalized economy, many enterprises are eager to expand into the international market and conduct import and export business. And having the import and export rights is like getting the key to open the door of international business. Today, let's have an in-depth understanding of the key points related to the handling of import and export rights by companies.

For enterprises, the benefits brought by having import and export rights are self-evident. Firstly, it enables enterprises to independently conduct import and export business without having to go through agency companies, thus greatly saving costs and increasing profit margins. Take Mr. Zhang's trading company as an example. Before, when relying on an agency company to conduct import and export business, a high agency fee had to be paid for each order. After successfully handling the import and export rights, the cost of each business of the company was reduced by about 15%. Secondly, having import and export rights can enhance the corporate image and increase customers' trust in the enterprise. Customers are more willing to cooperate with enterprises that have the direct ability to import and export, which helps enterprises establish more extensive cooperative relationships in the international market and expand their business territory.

Generally speaking, companies handling import and export rights need to meet the following conditions. Firstly, the enterprise has legally completed the industrial and commercial registration and obtained the business license of the enterprise legal person or the business license, which is the basis for the legal existence of the enterprise. Secondly, the tax registration has been completed and taxes are paid in accordance with the law to ensure the compliant operation of the enterprise in terms of taxation. Thirdly, the enterprise has the Registration Form of Foreign Trade Operators for Record or the Approval Certificate of Foreign-invested Enterprises, which is an important voucher for the enterprise to conduct foreign trade activities.

• Registration for Record of Foreign Trade Operators: The enterprise needs to log in to the unified platform of the business system of the Ministry of Commerce, fill in the Registration Form of Foreign Trade Operators for Record online, and submit relevant electronic materials. After that, carry the written materials to the local competent commercial department to handle the registration formalities.
• Customs Registration: After obtaining the Registration Form of Foreign Trade Operators for Record, the enterprise shall handle the customs registration formalities with the local customs. It is required to submit materials such as the Registration Information Form of the Declaration Unit and the photocopy of the duplicate of the business license of the enterprise legal person. After the customs review and approval, the enterprise will obtain the declaration qualification.
• Access to the Electronic Port: This step is to enable the enterprise to conduct operations such as declaration of import and export business through the electronic port platform. The enterprise needs to go to the local data sub-center of the electronic port to handle the access formalities. After submitting relevant materials and paying the fees, the legal person card and the operator card can be obtained.
• Inspection and Quarantine Registration: If the products imported and exported by the enterprise involve legal inspection and quarantine, inspection and quarantine registration also needs to be handled. Apply through the integrated online service platform of "Internet + Customs", submit relevant materials, and complete the registration after passing the review.

During the process of handling import and export rights, there are many details that need special attention. Firstly, the materials submitted must be true, accurate and complete. Once the materials are incorrect or incomplete, it is likely to cause a delay in the handling process. For example, in Ms. Li's company, because the business scope of the enterprise filled in was inconsistent with the business license, she was required to resubmit the materials, which extended the handling time by nearly half a month. Secondly, pay attention to the handling time limits and requirements of each department. There may be differences in the handling procedures and time among the commercial, customs and other departments in different regions. Enterprises need to understand clearly in advance and reasonably arrange the handling progress.

Although there are certain procedures and requirements for handling import and export rights, for enterprises aiming at the international market, this is a necessary path. It can not only bring more business opportunities and profits to the enterprise, but also enhance the competitiveness of the enterprise. If your enterprise also has a plan to expand international business, you might as well take action as soon as possible and start handling import and export rights. If you encounter any problems during the handling process, you can communicate and discuss with industry insiders. You are also welcome to leave messages in the comment area to share your experiences and questions.