Is the Import and Export Operation Right a Money Pit?

Mr. Peng has been very troubled recently. His clothing factory is already well-known in the domestic market, but seeing his peers doing business overseas through cross-border e-commerce, he realized – without import and export operation right, he couldn't even send international express. "It turns out that the gap between domestic business and the global market is just a certificate."

Why is this "paper" worth millions?

Import and export operation right is not a simple registration document, but a legal qualification certification for enterprises to participate in international trade. Zhongmaoda cases show that enterprises that obtain the qualification have an average increase in foreign trade volume of up to 300%. The main advantages are reflected in:

• Self-declared customs declaration saves 15%-20% logistics costs
• Directly receive foreign exchange settlement to avoid exchange rate losses
• Enjoy policy dividends such as export tax refunds

Three Major Cognitive Misunderstandings During the Application Process

Mr. Peng was delayed for half a year due to misunderstanding the process:

• Misunderstanding 1: "Registered capital must be over 5 million yuan" (actually no strict requirement)
• Misunderstanding 2: "Need actual import and export records" (newly established enterprises can also apply)
• Misunderstanding 3: "The processing cycle is at least 3 months" (as fast as 20 working days with complete materials)

Get Qualification Application Done in Four Steps

The standardized process recommended by Zhongmaoda experts:

• Step 1: Complete customs filing to obtain a 10-digit code
• Step 2: Apply for the income and expenditure list from the Foreign Exchange Administration
• Step 3: Electronic port network procedures
• Step 4: Tax bureau export tax refund qualification certification

Is Your Enterprise Suitable for Application Now?

You should take action when the following signals appear:

• Received inquiries from overseas customers but cannot quote
• Domestic peers are starting to lay out the Southeast Asian market
• Annual turnover exceeds the threshold of 5 million RMB

The admission ticket to international trade is right there, the question is – when will you reach out to take it?