Ready to expand business beyond borders and break into offshore markets?
It’s a big decision with huge financial repercussions. An offshore endeavor has the potential to bankrupt a company or deliver unprecedented profits. Is it possible to make such a risky move safely?
Getting started in the global trade world requires significant monetary investment and sweat equity. The import and export business is far more complex than domestic ventures and typically comes with a considerable learning curve. Staying in global trade demands keeping up with pages and pages worth of regulations – which inevitably vary from country to country – and complying with these laws.
Understanding what duty drawbacks are, their benefits, and how to claim them is key to maximizing your import/export savings.
While most companies make an effort to adhere to trade law, not all compliance programs are created equal. An average program may be designed to avoid legal penalties, but the best programs proactively work for their companies to save resources, revenue, and time.
Proper compliance is a pillar of international trade. Every country, province, and state has its own unique set of laws governing compliance, which must be adhered to.
Failure to comply with trade laws goes far beyond delays in getting paid or not receiving the required goods.
New waves of global sanctions against Russia during the Ukraine conflict have made business dealings for many companies a little tricky. The sweeping sanctions against nations, companies, as well as individuals, can mean that customers that your company has been doing business with for a long time are suddenly being sanctioned…
Our world has constantly evolving security concerns and complex geopolitics. Governments and companies rely on denied-party lists to legally navigate through global trade. Denied-party lists are indexes of entities that should not be accepted as a party in certain or all business transitions.
What impact does a new year and a new administration have on US sanctions?
What impact does a new year and a new administration have on US sanctions?
Understanding OFAC: A Best Practices Compliance Guide for All Businesses.
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