Chinese import/export license

Meanwhile, if the foreign investor uses an alien individual or a homeland mother company to hold the trading WFOE in China, it may have the possibility to drag them into a long-term lawsuit if mishandled the business operation in China. Tax Saved if Business Incorporated Correctly Hong Kong company has renowned the world for its advantageous tax system.

Only profit made from HK requires paying 8. As long as the business incorporated correctly, a charge could save from Hong Kong side. Consult Business China. Read More. Request a Proposal Drop Business China a quick message to let us know about your incorporation needs. In most cases, you will not need a license to import goods into the U.

But, for certain goods being imported, some agencies may require a license, permit, or other certification. Check the requirements of federal agencies. These guidelines from U. Even if you do not need an import license, you must fill out CBP entry forms within 15 calendar days of the date that your shipment arrives at a U. Make sure to provide your importer number on all these forms. Under TRQ administration, goods imported within the quota are subject to a lower tariff rate, and goods imported beyond the quota are subject to higher tariff rates.

Prohibited Goods Goods such as certain wastes and toxins are banned from import into China. Goods Export System For goods subject to export restrictions, China implements an export licensing administration system.

There are three types of export licensing in China:. For , there are 48 categories of goods subject to export licensing administration.

In general, each export license can only be used for one batch of goods. However, the license can be used for multiple batches no more than 12 under certain circumstances, including for goods of FIEs that are subject to export license administration. The longest valid period of an export license is six months and must be used within the current year of the issuance date. If an export license is not used during the valid period, the operator can apply for an extension during the valid period of the export license and a new export license will be issued.

Certain goods need to be inspected upon arrival or be accompanied by formal certification recognized by the Chinese government. The GAQSIQ is the administrative department directly under the State Council which is in charge of quality supervision, inspection, animal and plant quarantine, and food safety for all goods transported across the Chinese border.

The China Compulsory Certificate CCC is a certificate or mark required by the Chinese government for many goods including imported goods sold on the domestic market since May If goods listed in the CCC catalog fail to obtain the CCC mark, they cannot be imported, sold, or used at any business or service sites in China. Of special interest to the global small and medium-sized enterprises, this issue explains in detail the myriad regulations concerning trading with the most populous nation on Earth — plus the inevitable tax, customs and administrative matters that go with this.

For further details or to contact the firm, please email china dezshira. Hong Kong and Singapore Holding Companies In this issue of China Briefing Magazine, we take a closer look at the benefits of both Hong Kong and Singapore holding companies, how to establish and maintain a company in each of these jurisdictions, and the relevant double tax agreements.

The form should also be signed and stamped by a legal representative upon submission. Besides, you should include your organization code certificate along with the application.

While non-automatic import licenses are used to control the import quotas volumes of products, for example, an automatic import license is rather used as a tool for trade statistics. Still, some products that only require an automatic import license are monitored like poultry and therefore need additional licensing.

Each automatic import license can be used for a time period of 6 months, and normally for imports of one batch. Some products fall under the category of permitted goods and only need an automatic import license. However, even if most products only need an automatic import license, some might be subject to monitoring and therefore need additional licensing.

Products covered under this category have import limitations due to quotas set by the government, hence a non-automatic license is required prior to importation. You can apply for the automatic import license before the customs clearance. It normally takes up to 2 weeks before the application is processed and approved. Adding some extra time can be a wise choice to make sure that your products can pass the customs clearance timely. Normally, the following information is included in the import license.

Be sure to confirm with your importer and MOFCOM what exact information is needed as regulations are updated frequently. Generally, the importer helps with this part of the process and is responsible to fill out the form. They will review and approve the application thereafter. With that said, you have to support the importer where needed.

Keep in mind that there are agents that can assist with the application as well. These companies generally provide end-to-end solutions and help with customs registrations, to find a suitable bonded warehouse, and more. Below I have included some commonly asked questions and our replies.

If you have any other concerns or questions, feel free to write a comment below or send us an email. It depends. With that said, restricted goods need non-automatic import licenses. Automatic import licenses are valid for 6 months each. Each license should be used for one batch of products.