L'import export is the commercial exchange that deals with the sale and purchase of goods and services at the level international. This type of trade allows individual companies to connect to the whole world by opening up new channels for sourcing products on the market. Moreover, it is a constantly evolving sector full of interest and job opportunities.
Opening an import-export channel can enable your company to gain international reach, but you need to think carefully about theaddress to follow. For this reason, it is essential to rely on experts in the field to be able to increase business performance by planning expenses and costs.
The ITS Import-Export Course is structured to train experts inorganisation and in the management of international and domestic freight forwarding. Students are trained to be able to deal with all the documentary proceduresof the transport and the logistics serviceswith great attention to the new information systemsusing the most advanced software.
How to import and export
To expand your company's market through theimport export it is necessary to carefully analyse some factors.
Firstly, you must have at your disposal a adequate capital at the beginning of the activity. Often this is a factor that is underestimated, but it is crucial in order to structure the strategic set-up in a way that suits one's availability.
Similarly, it is essential to know the documentation necessary and the formalities indispensable for the start-up of this form of enterprise, respecting the steps of a legislative process specific:
- Open a VAT No.;
- Join the Company Register;
- Use the Single Communication to be sent to the competent Chamber of Commerce;
- Provide communications to Inail, Inps, Internal Revenue Service;
- Provide yourself with an address of certified e-mail.
Knowing the terms and conditions for the return of goods, o Incotermsestablished by the ICC, International Chamber of Commerce, allows the documents necessary for the shipment of goods to be completed as efficiently as possible. These allow the company to divide all obligations and responsibilities between the seller and the buyer with regard to transport costs, insurance of goods, customs procedures.
Another topic of prime importance are the fees and the duties. Pre-checking the costs applicable to importing certain products into one's own country is not easy. Therefore, relying on specialists in the field is essential to obtain all the necessary certifications and to carefully plan the cost items.
Particular attention must also be paid to the evaluation of costs and the possible fraud. Duties and taxes are, in fact, only the first in a series of values that must be budgeted for in order to complete customs procedures correctly. The cost of transport, storage, transit in other warehouses, banking costs and general business expenses must be taken into account.
Check thereliability of a supplier is necessary to avoid incurring fraud. The quality and the availability of suppliers must be carefully evaluated before entering an import-export market.
The last point to think about before opening an import-export trade is the target market to which to turn, evaluating possible advantages and disadvantages. The most effective business strategy is to differentiate import-export activities in order to screen all possible opportunities. In this regard, it is a good idea to carefully read up on the regulations in force in each country to investigate the trade opportunities in each sector.
In conclusion, opening up your company to the international import-export market can bring great economic development to your performance. However, it is necessary to carefully evaluate a number of factors, including target market, goods to be exported, legal practices, to avoid incurring penalties.
Author of the article
ITS MOVE - Editor
