Selling goods abroad: VAT, loans, government support

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Selling goods abroad

If you are just hatching the idea of ​​starting to engage in export, then this information is extremely interesting and informative for you. You can count on assistance from the state, which is expressed in the following incentive measures: free consultations, tax benefits, export credits and insurance, guarantees of obligations and chiropractor email address tariff preferences, participation in international exhibitions.

An exporting company can receive from the state:

Full refund of the amount of VAT paid

In order to obtain this, it is necessary to submit a package of documents no later than 180 calendar days from the date of conclusion of the export transaction:

supply contract;

pro forma invoice;

invoice;

invoice;

consignment note;

declaration of goods with the stamp “goods exported”;

CMR, international railway and air waybill, bill of lading, etc.

Preferential export credit in Roseximbank, MSP Bank or Vnesheconombank (the latter finances projects exceeding 2 billion rubles)

Export credit is one of the effective tools for promoting goods on the world market. That is, the seller provides the buyer with credit for the purchase of goods. Thus, the circle of potential buyers expands, since not everyone can buy and pay for the goods here and now. In order to minimize the possible risks of the seller not receiving payment from the buyer, export guarantees and insurance are provided.

When a seller is approved for export credit, it means that they have received pre-export financing. These funds are used to produce export products. But to receive it, it is necessary to conclude an export supply agreement.

State subsidies of interest rates on export loans are aimed at increasing demand for Russian high-tech products.

Export leasing

In this case, the bank purchases goods from a Russian entrepreneur and leases them to foreign companies. In turn, the latter pay certain amounts monthly and pay off the entire cost of the leased property by a certain date. Direct leasing is also possible - this is when the manufacturer of the goods leases it. Under the leasing scheme, expensive equipment is usually purchased: aircraft, special equipment, ships, etc. In Russia, the leasing service is provided by the state company VEB-Leasing.

Free guarantees from the state

Free guarantees from the state

In this case, the state can cover 85-95% of the risks of the exporting company, foreign buyer or banks providing credit when concluding a foreign trade transaction. That is, this can be a refund of the advance payment paid by the buyer, transferred to the manufacturing company at the stage of manufacturing the purchased equipment.

You can get state guarantees from Roseximbank. Of course, with state guarantees it is much easier to get export loans and conclude leasing transactions.

Export insurance

This is a type of insurance that protects the risks of the seller, buyer or creditors of a foreign trade transaction. For example, a manufacturing company from Russia has the right to insure the risk of non-payment of an order by a foreign buyer.

This activity is carried out by the Russian Agency for Export Credit and Investment Insurance. Insurance services are not free - EXIAR charges an insurance premium, the amount of which is calculated individually for each transaction.

If, after studying all the information, you have firmly decided to start selling goods abroad, then you can learn more about the markets of foreign countries and receive free legal advice from the trade missions of the Russian Federation abroad (they are represented in 53 countries), the Chamber of Commerce and Industry of the Russian Federation, the Council for the Development of Foreign Trade and International Economic Relations, and the Information and Analytical Center at the Ministry of Industry and Trade.

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Also, for better study of international trade, free participation in exhibitions and meetings with potential foreign buyers is organized. The organizers are the Ministry of Industry and Trade, the Ministry of Economic Development, the Chamber of Commerce and Industry, the Council for the Development of Foreign Trade and International Economic Relations, the Russian Export Center and local trade missions. The conditions for participation in such an event may vary depending on who organizes it.

If you are a Russian entrepreneur and want to promote your products abroad, then, for example, the Council for the Development of Foreign Trade and International Economic Relations will help you with this. You will not only be assisted in finding partners, but will also be accompanied on business missions, at exhibitions, etc. It is unlikely that you can find a faster way to advertise a product on international markets.

If you are a beginning exporter (individual entrepreneur, small, medium or large enterprise), we recommend that you contact the Russian Export Center, where they will not only provide the necessary information about possible support at all stages, but also provide free assistance in obtaining it.

Are you still tormented by doubts? Know that selling goods abroad will be a really great start for your newly created business or will help to increase the client base of an existing company. The prospects of this direction are quite attractive if you focus on the dollar exchange rate to the Russian ruble, Belarusian ruble and Ukrainian hryvnia.

At the initial stage, try to sell small batches of goods. Study in detail the basic rules of sales, payment and delivery of goods, as well as the taxation system of foreign countries.

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