A company plans to export products through an agency company and is confused about who pays taxes in agency exports, what tax types are involved, and the tax payment process. The best answer states that the principal generally pays taxes as they are the actual owner of the goods, and the taxes involved include VAT and customs duties. The VAT treatment differs for manufacturing enterprises and foreign trade enterprises. The principal needs to declare to the tax authorities and provide relevant documents for tax refunds or exemptions, while the agent assists in preparing the documents.
I want to act as an agent for genuine imported products, what specifically should I do?
Resolved
I have always been very interested in the imported product market and am now planning to act as an agent for genuine imported products. However, I have no experience at all and don't know where to start. I'd like to ask everyone, what are the general steps and what issues should be paid attention to when acting as an agent for genuine imported products? Regarding aspects like obtaining relevant qualifications and finding reliable sources, are there any special tricks? I hope experienced friends can share specific operational methods. Thank you!
Trade Expert Insights Answers
When acting as an agent for genuine imported products, the first step is to clarify the category of products you will be representing, as different categories may have different entry requirements and market characteristics.
The second step is to find reliable sources. You can establish contact with overseas suppliers by attending international exhibitions, using online trade platforms, etc. For example, you might find suitable suppliers on platforms like Zhongmaoda. When negotiating with suppliers, it is important to clarify key terms such as product price, delivery time, and quality standards.
Obtaining relevant qualifications is also crucial. Common ones include business licenses and import/export operation rights. Some special products may also require specific permits, which you need to understand and apply for according to the requirements in advance.
Additionally, you need to establish sales channels. This can involve using e-commerce platforms online, developing distributors offline, or opening physical stores. At the same time, you should conduct market research to understand the demand and competitive landscape for the product in the local market and formulate appropriate marketing strategies.
Finding sources depends on the product. If you are importing food products, you need to pay attention to the supplier's production environment, food hygiene permits, etc., and not just look at the price.
Regarding qualifications, it is best to consult the local commerce department or professional agencies. They can guide you through the specific procedures and help you avoid detours.
Be cautious when signing contracts with suppliers. Ensure that clauses regarding breach of contract and intellectual property rights are clearly written, otherwise, you may face trouble later.
Preliminary market research is very important. See how receptive local consumers are to this type of imported product, and do not blindly become an agent.
Sufficient capital preparation is necessary. Imported products involve costs such as transportation and tariffs. If your capital chain breaks, it will be troublesome.
For logistics and transportation, choose a reliable freight forwarder to ensure timely and safe arrival of goods, otherwise it will affect sales.
After-sales service must also keep up. Respond promptly to consumer feedback to build a good reputation.
Understand the policies and regulations related to imported products. If policies change, the products may be affected.