The document outlines 10 steps to export for startups:
1. Create a company to conduct business abroad
2. Develop a commercial and marketing plan for target markets
3. Determine tariff classification for the product
4. Select potential markets through research
5. Obtain financial backing from a bank with international experience
6. Register for tax purposes with an EORI number
7. Choose Incoterms to clarify trade responsibilities
8. Negotiate a payment method with buyers
9. Process required export documents like invoices and certificates of origin
10. Organize export logistics through a freight forwarding company
The document outlines 10 steps to export for startups:
1. Create a company to conduct business abroad
2. Develop a commercial and marketing plan for target markets
3. Determine tariff classification for the product
4. Select potential markets through research
5. Obtain financial backing from a bank with international experience
6. Register for tax purposes with an EORI number
7. Choose Incoterms to clarify trade responsibilities
8. Negotiate a payment method with buyers
9. Process required export documents like invoices and certificates of origin
10. Organize export logistics through a freight forwarding company
The document outlines 10 steps to export for startups:
1. Create a company to conduct business abroad
2. Develop a commercial and marketing plan for target markets
3. Determine tariff classification for the product
4. Select potential markets through research
5. Obtain financial backing from a bank with international experience
6. Register for tax purposes with an EORI number
7. Choose Incoterms to clarify trade responsibilities
8. Negotiate a payment method with buyers
9. Process required export documents like invoices and certificates of origin
10. Organize export logistics through a freight forwarding company
EXPORT” ESTUDIANTE MARYURI LOPEZ LICONA step 1 • Having created the company, in the form of a natural or legal person to be able to carry out business abroad. Step 2 • Develop a commercial and marketing plan adapted to the market. Before exporting, it is advisable to have promotional material, especially a good web page, describing what the product is, what it is for, who it is for, what its added value is. It is also relevant to have a strategy in other communication channels, such as social networks or forums, especially those aimed at internationalization. Step 3 • Determine the tariff of the product. The tariff classification of a merchandise implies assigning it a code that can be based on the nomenclature of the "International Convention of the Harmonized System of description and codification of merchandise" of the World Customs Organization (WCO), World Customs Organization, or in the Common Customs Tariff of the European Union. Step 4 • Select potential markets. It is important before starting to export to find out in which countries the product, service or technology of the startup can be successful. For this reason, it is advisable to carry out market research and check as far as possible that what we want to market does not exist in that market, that is, that we will not have competition. Step 5 • Financial capability. It is important to have the support of a banking entity that has experience, and to be able to be present, in other countries of the world. The startup can negotiate with the chosen bank but can also opt for other export financing instruments offered by internationalization support entities such as ICEX. Step 6 • Tax registration. In Spain, to start exporting, it is necessary to have an EORI number. It is a unique number that each customs authority of a Member State of the European Union assigns to an economic operator so that it can initiate the steps to export and import. The economic operator must appear in the Registry and identification of Economic Operators and must request it from the Tax Agency. Step 7 • Choice of Incoterm. Once we have found a buyer, we must agree with him an Incoterm. These terms are prepared by the International Chamber of Commerce, ICC, or International Chamber of Commerce and have a simplifying function because they facilitate the negotiation between the seller and the buyer. Incoterms clarify aspects related to international trade, for example, who pays for transport, where the goods are delivered, who is responsible for customs expenses, etc. Step 8 • Payment method. After determining the Incoterm, you have to choose the payment method, which seller and buyer must negotiate. Depending on the amount of the operation, the requirements of the destination country or the largest entity of one of the parties, one form of payment or another will be used. The most suitable for a startup that makes its first export is the payment against receipt of the invoice, but there are also other secure formulas such as the documentary credit, widely used in international purchases and sales. Step 9 • Processing of export documents. The basic documents that a startup will need to have in order to carry out an international trade operation are, essentially: the commercial invoice, the list of contents (or packing list) and the certificate of origin, depending on whether it is required in the importing country. Step 10 • Organization of export logistics. It is highly recommended that a startup that is starting to export hire the services of a freight forwarding company. The function of a freight forwarder is to organize the complete logistics chain of an export, from contracting the transport to move the merchandise from the country of origin to the destination, to all the necessary documentary and customs processing. In addition, as a connoisseur of international markets, a freight forwarder can also advise the startup on any other step or procedure that must be taken or done depending on the country to which it is exported. Muchas gracias