It is vital to consult with a business coach, a lawyer and an accountant before exporting any of your products to another country. There are important quality control and regulatory requirements that your business must meet, depending on the industry you are operating in and the type of product you provide. In addition, the country you are exporting to will have its own regulatory requirements, so speaking with an experienced export consultant is highly recommended. Before exporting a product, you must consider: Is my product safe and legal to export? Is
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Conduct a cost/benefit analysis before expanding or removing your export products.
Find or remove partnerships to better your distribution channels overseas.
Ensure your exports adhere to the latest regulations, tax and custom laws.
Assess if your business is ready to export products overseas.
Invest in the right technology and build an effective logistics chain including warehousing for your products.
Find opportunities in new overseas markets, regulations and tax breaks that can increase your sales.
Understand and comply with the latest export laws in the countries you're doing business in.
Research markets overseas that's a good fit for your product or services.
Are there any government help or specialised bank loans and financing options?
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Narine Poghosyan, Manager at OneTouch Ventures
@Aishah Mustapha, do they help to export only from Australia?
I'm planning on just New Zealand first.
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Steven Freeman at Evolved Sound
You need to consider the local customs and delivery rules of each local region you plan to send to.
A local courier company that can send internationally can fill you in with most info.
Andrew Dan, Director at Adlaide Solar & Electrical Services
Ask A.S.P.A - Australia South Pacific ASEAN Chamber of Commerce for some advice.
Dan Cadieux, Bookkeeping - Virtual CFO - BAS Agent at Accolution Pty Ltd
Generally an Australian business operating remotely in the US market (eg. ecommerce company) will be taxed in Austraila, not in the USA.
However, there are a number of other considerations, like:
1. US Sales Tax - each state has different threshholds for collecting sales tax.
2. US Income Tax - if your company has an office or employees in the US then your US earnings will be subject to US income tax. It's not quite that simple but they are factors that contribute to your business having what is called a Permanent Establishment and being liable for tax.
It is often advantageous to setup a US company for your US business. We have helped many Australian companies do it.
Feel free to get in touch with your specific company situation for further advice
Eloah Paes Ramalho , Community Manager at SavvySME
That is such a wholesome answer, @Dan Cadieux ! How does one go about setting up a call to discuss this with you? Also, is the process similar for other locations/countries than the US? Wouldn't it end up quite administratively heavy to set up a business in multiple countries?
Dan Cadieux , Bookkeeping - Virtual CFO - BAS Agent at Accolution Pty Ltd
Hi @Eloah Paes Ramalho to get in touch and discuss US and global tax we can be contacted via phone or email from our website www.accolution.com.au
Other countries are similar to the US, for example when selling into the EU charging VAT needs to be taken into consideration. Although setting up separate businesses in other countries can add complexity it does help limit liability which is often a key consideration for entrepreneurs.
What do you miss out on if you don't go?
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Jonathanukjob
I believe it depends on the person's request. If you are interested to look at other people, other countries, to plunge into their culture, then of course it is worth traveling to Asia. I, for example, was in Kyrgyzstan and Uzbekistan and I want to say that these countries impressed me. They have a very exciting culture and architecture, I liked the fact that our guide provided information very interesting. I will definitely continue to travel to these countries
Founder at OMGhee
Director at Global Forwarding Pty Ltd
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It is vital to consult with a business coach, a lawyer and an accountant before exporting any of your products to another country. There are important quality control and regulatory requirements that your business must meet, depending on the industry you are operating in and the type of product you provide. In addition, the country you are exporting to will have its own regulatory requirements, so speaking with an experienced export consultant is highly recommended.
Before exporting a product, you must consider:
The finer points of setting up an export business can be found on our exporting services page.