IMPORT ADVISORY AND CONSULTANCY
Target specializes in importing products from different countries. We work to ensure that
the goods arrive at the destination in perfect condition, in the shortest possible time and
with a constant concern for cost reduction.
Through financial and tax studies, analysis of logistics optimization and partnerships with different agents involved in the import process, we have achieved competitive costs for the import processes.
According to the specific needs of your company, we can import in different ways.
IMPORT FOR COMPANIES
Import and export advice and consultancy for companies, what is it for, how does it work and what are the advantages of hiring this service for your company? Importing products can be a great alternative to increase your competitiveness, reduce costs, have access to the latest technology, sell differentiated items in your business, expand the variety to attract more customers and generate revenue, among others. However, you need to know in detail how this process works and meet legislative requirements in order to avoid unpleasant surprises and unnecessary costs.
Check below what is import, what are the import modalities, requirements to carry out the process in Brazil, what is Import Advisory and Consultancy and what are the benefits of it.
How about focusing on your business and letting your imports be managed by specialists who work exclusively with this? What if the cost of your imports is even reduced? This is precisely the purpose of importing on behalf of third parties. In this modality, the ACQUIRING COMPANY and the IMPORTING COMPANY (TARGET) sign a contract and register it with the Federal Revenue Service so that all import operations are carried out by the IMPORTER.
Usually, the ACQUIRER selects the supplier and the goods to be imported and contacts the IMPORTER (TARGET) so that we can proceed with all the necessary procedures that guarantee the transport and nationalization in the shortest time and at the least possible cost. As we have special ICMS taxation regimes in some states, it is even possible that your merchandise nationalized through Target will have lower costs than if nationalized directly by your company.
Target has a special ICMS regime in some Brazilian states, making it possible to reduce import costs in different situations, one of which is importing on behalf of third parties.
Import by order is a type of service in which the IMPORTER (TARGET) imports the material previously agreed for the ORDER, who will subsequently make the purchase of the goods to be imported. In this process, both companies need to be qualified on the radar and the relationship between them is agreed upon through a contract previously signed and registered with the IRS.
Target finances the operation, in addition to taking on all the inherent procedures for importing the client through our own structure.
Upon customs clearance of the merchandise, that is, its nationalization, we issue the sales invoice to the ORDERING company, ending the process.
How about focusing on your business and leaving the international trade activity to whoever is dedicated exclusively to it?
International trade activity is complex and full of specific laws that are constantly changing. Maintaining an international trade department within your company can be complicated and add unnecessary operating costs. Target offers the import department's outsourcing solution, being responsible for all procedures inherent to the fluidity of international processes, from the development of the international supplier, going through all stages until the arrival of the goods at the destination, always adapting to the needs specific to each customer.
Target can make your international purchases uncomplicated and increase your competitiveness.
Your company would like to import, but has no experience in the area? Or, have you already imported and had "surprises" when the goods arrived in Brazil?
Brazilian customs legislation is actually quite complex and if imports are not carefully planned and operationalized, they may incur costs and deadlines outside of expectations.
TARGET is dedicated exclusively to international negotiations. The procedures inherent to imports are our daily routine and we can help your company enjoy the advantages of the international market without a headache.
In addition, as our main activity is international trade, we have special negotiations with freight agents, warehouses, insurance companies, which reduces the cost and increases the security of our customers' operations.
Would you like to import, but still don't have the right supplier / product? TARGET offers an international supplier search service. This is the first step towards proper planning of your company's imports.
We have a team of professionals in Brazil and China specialized in international research.
Based on the technical and commercial specifications sent by the customer, TARGET works to reach the suppliers that are in the best conditions to serve you.
We send a complete report with the information gathered during the research, we carry out a feasibility study and we prepare an import pre-calculation, in which it is possible to verify the cost at which the selected product will arrive in Brazil.
Once the viability of the import is confirmed, we suggest the client company to contract the sample receipt management service.
After researching international suppliers and studying the feasibility of importing, we suggest that the customer receive a sample and physically see the product before making a first import. TARGET performs all the necessary procedures so that the sample arrives directly at your company, without customs surprises or additional costs.
Similar products may have different administrative and tax treatments. The correct analysis of administrative treatment is essential for the security of your company's imports.
TARGET conducts a complex research to detect the particularities of the product to be imported, if there will be a need for any special license, incidence of anti-dumping or other compensatory measures.
Then, we collect the tax burden and expenses that will affect the import process from the departure of goods from origin to their arrival at destination.
We present the customer with an import pre-calculation that includes all costs involved in the process and the total and unit cost of the nationalized product. With this information in hand, we facilitate your decision-making process.
To certify the quality of the imported material, mainly in imports from newly developed suppliers, the customer can count on the on-site inspection service.
Target offers the pre-shipment inspection and audit service directly at the supplier's factory or warehouse. In this service, quality checks and compliance with the order are made, offering greater peace of mind to the importer. At the end of the visit, a report is issued and, in the event of non-compliance, it is possible to request repairs and feedback from the supplier before shipment, avoiding surprises and additional costs when the goods arrive at the destination.
Do you want to know more about our on-site audit and inspection service? Contact us so that together we can analyse the type of service that best suits your company's needs.
The Ex-Tariff regime consists in a taxes’ reduction for importing capital, information technology and telecommunications goods when there is no similar national production.
With the Ex-Tariff, the import tax rate goes from 16% or 14% to 0, representing a significant cost reduction. The economy is very attractive and for the application it is necessary to carry out a specific procedure that requires the presentation of several technical and operational documents that guarantee that there is no production of a national product compatible with the one you want to import.
TARGET has professionals with vast expertise and experience in this service, making the order fluid and with great chances of approval.
All companies that operate with import and / or export in Brazil need to be qualified in RADAR (Registration and Tracking the Performance of Customs Interveners). This registration allows access to Siscomex, a system in which import or export customs clearance is carried out.
RADAR, administered by the Federal Revenue Service, controls international trade operations in Brazil.
The applicant company can be classified into three sub modalities: express (up to USD 50,000.00 per semester), limited (up to USD 150,000.00 per semester) and unlimited (without a pre-established limit).
Target provides the service of enabling the radar and follows the necessary parameters for quick and efficient analysis of the information presented, reaching success in granting the same day of the request.
Does your company have the opportunity to distribute a line of imported products? How about create a partnership with a company specialized in international trade that will have a lot to add in international dealings and operational and strategic management of imports?
TARGET can invest its know-how and financial resources for national distribution of imported products. We believe that, in synergy, we can grow faster and faster!
Temporary admission of goods is a special customs regime that allows certain goods to enter the country for specific purposes and terms. Customs taxes can be suspended or partially paid, always with a commitment to re-export.
This import modality is widely used for goods destined to fairs, exhibitions, sporting or cultural events, among others.
Importing companies can also temporarily admit machines and equipment for testing and, if approved, carry out their definitive acquisition and import. The cases of application of the special customs regime for temporary admission are specific and quite technical. The support of a professional trained in the subject is essential for the company to maximize its gains without risk.
Did you know that it is possible to receive your imported product and nationalize it gradually?
The special regime of customs warehousing on importation allows the storage of international goods in a bonded area with suspension of payment of taxes levied for nationalization.
It is possible to remove the cargo to a warehouse in a secondary zone, which usually has lower costs than the terminals in the primary zone, and to nationalize the cargo little by little, as their sales are happening.
The cargo can be stored in this mode for up to one year, but in special cases, the IRS may even grant another year.
WHAT IS IMPORT?
Importation is when a company or individual purchases products or services from other countries, either for their own consumption or for commercial purposes. The process requires nationalization in the country of entry, which must comply with specific customs and tax bureaucratic procedures.
WHAT TYPES OF IMPORT ARE THERE?
There are currently three different types or modalities of imports in Brazil. Find out below what they are and the differences between them so that you can decide which one best suits your company's needs.
Direct import or self-import
When importing directly or importing on your own, the importing company is fully responsible for the importation process, from researching suppliers, markets, purchasing strategies, documentation according to the law, import license, nationalization, among others.
The tricky part of being a direct importer is that the company needs to have sufficient economic capacity and knowledge to carry out the correct process and purchase the products safely, legally. For this reason, import advice or consultancy is essential.
Import on behalf of third parties
When importing on behalf of third parties, the buyer hires a trading company to carry out all the bureaucratic procedures for importing.
In this modality, the buyer is known as the buyer and the trading company is known as the importer. The two companies sign a contract that is linked to the IRS so that customs clearance can take place legally and the taxes collected by the importing company. All taxes and import expenses are collected by the importing company with funds from the acquiring company.
It is important to point out that in this import modality, the acquiring company has a specialized company that takes care of all the nationalization procedures and delivers the goods duly legalized in its establishment. However, the financial resources to carry out the operation are always from the acquiring company.
This operation is largely carried out by companies that want to benefit from tax benefits that some trading companies have. Since import taxes are collected by the trading company, if it has some kind of tax benefit or special import regime, the acquiring company can also benefit.
In order to import, the company that buys the goods from abroad also hires a trading company to take care of all import procedures.
As with importing on behalf of third parties, the buyer is known as the buyer and the trading company is called the importer. The two companies sign a contract that is linked to the IRS so that customs clearance can take place legally and the taxes collected by the importing company.
The big difference between importing on behalf of third parties and importing by order is that in the second, the financial resources used for importing are from the trading company (importing company).
WHAT IS NECESSARY TO MAKE IMPORT?
01 – Enabling on the Radar
Any Brazilian company that wants to carry out import and / or export needs to be qualified
in RADAR (Registration and Tracking the Performance of Customs Interveners), also
known as Radar Siscomex. This authorization is granted by the Federal Revenue Service
and allows access to Siscomex, a system through which customs clearance for export or
There are three different types of qualification in Siscomex for Legal Entities and the IRS will analyse the company's financial capacity to fit it into the specific modality.
Express Qualification: the company can import up to 50 thousand dollars every 6 months.
Limited Qualification: the company can import up to 150 thousand dollars every 6 months.
Unlimited Qualification: the company can import more than 150 thousand dollars every 6 months.
02 – To check the legal viability of your import
For security or national interest reasons, Brazil prohibits the import of some products. There are products that need to have specific registrations or licenses to be imported, which usually have additional costs. In order to know if your product can be imported or if it requires any special procedure, it is necessary to carry out a study of the administrative treatment of import in advance.
03 –Search for international suppliers
In addition to finding potential suppliers, it is essential to gather data from these international companies to be sure that they can meet your demand with quality.
04 – Negotiation with international supplier
After selecting the supplier, the commercial negotiation phase begins, where the specifications, quantities, terms, payment method and Incoterm of the operation are defined.
05 – Preparation of the import pre-calculation spreadsheet
The international supplier will provide the cost of importing at source or at most, with international freight and insurance included. In order to arrive at the cost of nationalized merchandise, it is necessary to prepare a spreadsheet known as pre-calculation of imports, which must include all expenses, fees and taxes involved in the import process, such as freight, airport expenses, customs broker fees, Import Tax, PIS, Cofins, ICMS, Siscomex tax, among others.
06 – International supplier factory inspection
To ensure that the product received meets expectations, it is recommended that an inspection by a third party is carried out at the supplier's factory before placing the order and / or before shipping the goods at origin.
07 – Import licensing
Most Brazilian imports are exempt from licensing. However, for specific products and cases, an import license (L.I.) is required, which may be automatic or non-automatic, with prior authorization from one or more consenting bodies, such as Map, Anvisa, Inmetro, Decex.
In most cases, the LI must be requested through Siscomex prior to shipment of the goods at the origin.
08 – International supplier payment
Para enviar divisas ao exterior e realizar o pagamento internacional será necessário contratar um câmbio de importação junto ao banco ou corretora. Existem ainda diferentes formas de pagamento internacional, como pagamento antecipado por transferência bancária, pagamento mediante apresentação de documentos, carta de crédito, entre outros.
09 – Import documentation
The international supplier needs to send the importer a commercial invoice, packing list or packing slip and in some cases, Certificate of Origin of the goods. Customs legislation has specific requirements for each of these documents and failure to comply may result in fines at the time of clearance.
In addition to these documents, the importer also needs the bill of lading issued by the international carrier for the clearance of the goods.
10 – Hiring international freight and insurance
International freight and insurance can be contracted by the exporting or importing company, according to the Incoterm negotiated for the operation. The modes most used for Brazilian imports are sea and air. There are companies called cargo agents, which work exclusively with the negotiation of these freights.
11 –Customs clearance
Upon arrival in the country, for the goods to proceed to the importer's establishment, it must be cleared by customs. This procedure is known as customs clearance and involves a series of steps, from verifying the veracity of the information provided in the documents to collecting taxes, among others. This process occurs through the Siscomex system and only after its completion and clearance by the IRS can the importer have access to its goods.
12 – Issuance of goods receipt invoice
After the goods cleared, the importing company must issue an invoice of entry to transport its goods in the national territory and carry out the appropriate accounting records.
WHY TO HIRE AN IMPORT CONSULTANT?
The import process involves several specific steps and procedures, full of particularities. Failure to comply with a small requirement can result in fines and / or material losses.
In addition, an import consulting company has a know-how that allows for better import planning and consequent cost reduction and optimization of results.
WHAT DOES AN IMPORT CONSULTING DO?
Import advice or consultancy is a specialized service that offers support, analysis and definition of procedures to optimize the import process - in accordance with the law and requirements of the Ministry of International Affairs of Brazil.
The main objective of the import consultancy is to assist the entrepreneur to carry out the process successfully, without headaches and at the lowest possible cost.
You will have specialized professionals who understand all the bureaucratic details of the import stages and who can also analyse the market and possible more advantageous suppliers.
WHAT ARE THE ADVANTAGES OF ADVISORY SERVICES FOR IMPORT?
The main advantage of hiring import consultancy and / or advisory services is to ensure that the bureaucratic part is fulfilled in accordance with the legislation and other requirements, speeding up the customs clearance of the process. The procedures are carried out following the correct parameters and, with this, the customer's objective in relation to business is successfully achieved.
In addition, other benefits are cost reduction, assistance in carrying out negotiations with exporters, simulation of the costs that would be required for the process, etc.
Interested in the service? To boost your business, consult a professional on our team specializing in import advice.