No Import-Export Rights = Throwing Away 28% Profits?
Mr. Zhang has been frustrated lately. His food processing factory received an overseas order but, lacking import-export rights, could only watch as middlemen took most of the profits. "Is it really impossible for small businesses like ours?" In fact, 90% of SMEs don't realize that obtaining import-export rights has shifted from "high barriers" to a "standardized process." Today, we break down this essential "trade passport" in plain language.
Ms. Li’s garment factory used an agent for exports last year, losing 15% of profits per order. Competitors with import-export rights not only deal directly with overseas clients but also enjoy a 13% export tax rebate. This 28% difference could fund five additional employees! Crucially, import-export rights enable:
- Freedom to choose international payment methods
- Direct participation in overseas trade fairs
- Building global brand recognition
Step 1: Business License Expansion (1 business day)
Add "import/export of goods" or "technology" to the business scope at the local Administration for Market Regulation. Required documents:
- Amended company bylaws
- Shareholder resolution
- Latest business license (original + copy)
Submit online via the "Single Window for International Trade":
- Scanned legal representative ID
- Bank account permit
- English company name/address
Bring customs registration receipt to the State Administration of Foreign Exchange for trade directory registration. Zhongshitong Consultants note: Apply for an Electronic Port Card simultaneously to avoid repeat visits.
1. Customs Declaration Myth: Believing registered capital must exceed ¥5 million (restrictions removed)
2. Annual Review Trap: Missing customs annual reports (due before June 30)
3. License Confusion: Mistaking import-export rights for special permits (e.g., food/medical devices)
A cross-border e-commerce owner calculated: Securing import-export rights six months earlier would have caught the Christmas season. Are missed opportunities costing you? Comment below or message for a latest policy checklist. Next issue: How import-export rights unlock dormant company assets.
- Further Reading
- Is the Era of Huge Profits in Imported Red Wines Coming to an End?
- No tax refund for agency exports? You may be losing 13% of your profits in vain!
- Is the Era of Huge Profits in Food Agency Coming to an End?
- Is the Era of Huge Profits in Import Business Over?
- Has the Era of Exorbitant Profits for Australian Wine Agents Come to an End?
- Is the Era of Huge Profits in Imported Acrylic Acid Ending? Three Warning Signals
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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