Whether you are importing products into China or purchasing them in China, PTL Group can serve as your highly effective local trading agent. Relying on our expert knowledge and vast experience, we can help you sell your products or services in China – or export them to other markets.
Who needs trading services in China?
Trading services are highly coveted by overseas companies who do not have an entity in China, and whose China-based clients wish to purchase their products in local currency (RMB).
Since foreign exchange cross-border transactions are restricted or limited to certain local companies, PTL Group, with its several entities and bank accounts across China, can overcome foreign exchange and cross-border transfer challenges.
In addition, PTL Group assists overseas companies that sell locally manufactured products in China by serving as a trading agent “buffer” between their local clients and manufacturing suppliers.
Relying on a trusted partner like PTL Group as a trading service provider saves your company a lot of time and hassle, allowing you to focus on your core business. A trusted trading partner can coordinate all of your import and export activities, including customs records, foreign currency exchange, signing sales & purchase agreements, deliveries, and transactions.
Our service offering includes:
Sales and Distribution
- Obtaining import and sales licenses for your products in China
- Importing your products under the PTL Group import license
- Signing RMB sales contracts with your Chinese clients on your behalf for your goods, services, or software
- Serving as your consignment agent for selling your products in China
- RMB funds collection, funds repatriation to HQ, and credit control
- Order dispatch arrangement (warranty, loan, demo, return purposes, RMA returns)
Procurement
- Signing RMB purchasing agreements with your suppliers and RMB selling agreements with your clients in China
- Local purchasing from your suppliers and exporting overseas
- VAT export refund management
E-commerce solutions
- E-commerce trading solutions
- Managing your e-commerce financial transactions
How can trading services in China help you? Here are several scenarios and solutions:
You need to sell your products from overseas into China but your client wants to purchase them in RMB and avoid overseas foreign currency transactions. The client can only sign a local contract with a local company, pay in RMB and receive a local invoice (Fapiao).
The PTL Group Solution:
We will import the products into China using our licenses, sign a local RMB contract with your local client, collect payments, deliver the products and transfer the funds back to the sending company.
You have an OEM supplier who manufactures products on your behalf. Until now, the supplier was accustomed to exporting the products overseas. After securing several clients in China, you do not want them to have direct contact with your suppliers for obvious reasons. You can export the products to Hong Kong and import them back but this is a costly and complicated solution.
The PTL Group Solution:
As a local company, we will purchase the products locally from your supplier, remove any notice of the source of the products, and sell the products to your clients as a local trading company. The entire transaction will be conducted in China. Once the transaction is finalized, we will transfer your profit from this deal overseas.
You need to charge your clients in China for services or training you have provided to them. Your clients can pay only in RMB and would like a local invoice (Fapiao).
The PTL Group Solution:
As your local agent, we can sign a service agreement with your local client while also signing a back-to-back agreement with you. This way, we will collect the payments from your client and transfer the payment overseas.
Your company is purchasing parts or raw materials from different suppliers in China. Each of them would like to get paid in RMB and provide the parts locally, without dealing with export procedures. Each supplier sends its parts within different timeframes.
The PTL Group Solution:
As your purchasing agent, we will sign purchase orders with your suppliers, coordinate the delivery of the parts from each supplier and collect and store them in our warehouse. Once all the parts have arrived, we will handle all export procedures pertaining to the consolidated products. After the shipment is completed, our finance team will apply for a VAT export refund.
You are purchasing parts or raw materials from different suppliers both in China and overseas. You need to finish the assembly in an OEM factory in China and sell the finished products to local clients in RMB in China – or export them.
The PTL Group Solution:
We can serve as the Import Of Record (IOR) and local purchaser on your company’s behalf. This will allow us to collect the goods shipments and transfer them to an OEM factory, while signing for an assembling service, protecting your rights and mitigating your risks. In this business workflow, you will benefit from an import VAT refund and a local VAT refund.
Some industries – for example, the medical device, electrical equipment and cosmetics industries – require a special import license and unique sales permit.
The PTL Group Solution:
As a local legal entity, PTL Group can apply for such licenses on your behalf.
More information about Trading Services in China
- Tapping into Chinese Market Potential: The Many Benefits of Trading Services in China
- Haven’t Registered an Entity in China? You Can Still Build Your Local Business
- Outsourcing Supply Chain Management: Make Your China Business Work Better
- Everything You Need to Know (and Weren’t Told) About Industrial Parks in China