Have you ever thought about bringing products from abroad for your business, but felt that the bureaucracy would be a nightmare? If you are starting your journey in international trade and don't know where to start, simplified import may be the solution you need.
Importing doesn’t have to be a complicated or extremely expensive process. With the right tools, any business – even those just starting out – can import products in a practical and stress-free way. In this article, we’ll explain what simplified importing is, how it works, and how you can use it to grow your business.
What is Simplified Import?
Simplified import is a customs regime created by the Federal Revenue Service to facilitate the process of importing low-value goods. For those who wish to resell imported material, it is mandatory to be a legal entity (PJ). Individuals can only import products for their own use and cannot sell the items purchased.
This regime was created for small businesses that wish to import products without facing the bureaucracy and high costs of traditional imports. The process is simplified, and tax and shipping costs are significantly reduced.
How does Simplified Import work?
Simplified import works through a more agile process. Here is the basic step by step to understand the process:
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Product Selection: You choose the product you want to import from international suppliers. In the case of simplified import, the limit for each shipment is up to US$ 3,000.
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Making the Purchase: The purchase can be made directly on the website of an international supplier. When purchasing, you do not need intermediaries or a complicated documentation process.
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Simplified Declaration: Instead of extensive and complex documentation, you will fill out a simplified form provided by the Federal Revenue Service, informing the description of the product, its value and the supplier.
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Taxes and Fees: For this type of import, the tax burden is reduced. In addition to the Import Tax (II), the product will be subject to a tax of ICMS (depending on the state), but the tax payment process is simpler.
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Receipt of Goods: After paying import taxes and fees, the goods will be released by the Federal Revenue Service and sent to you, in a process that is much faster than traditional imports.
What Products Can You Import?
Simplified import is ideal for those who wish to import low-cost products for resale. However, products that require prior approval from agencies such as INMETRO, ANVISA, MAPA, among others, cannot be imported under this regime. Some examples of products that are not eligible for simplified import include:
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Electronic products that require approval from regulatory agencies;
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Medicines, cosmetics and health products that require ANVISA approval;
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Food, beverages and agricultural products that require MAPA authorization.
Products ideal for importing via simplified import generally do not have these types of demanding regulations and are worth less than US$$ 3,000 per shipment.
Advantages of Simplified Import
The main advantage of simplified import is the ease and agility of the process. For those who are just starting out, it is an excellent way to test the international market without having to invest a lot of money or time.
Other benefits include:
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Less Bureaucracy: Simplified import does not require all the documentation and customs processes of a traditional import, which makes the experience much more fluid.
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Lower Cost: The cost of shipping and import taxes are much lower, especially when compared to more complex imports, which involve brokers and several bureaucratic steps.
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Quick and Practical: As the process is simpler and more direct, delivery of the goods is usually much faster.
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Accessibility: Small business owners and even individuals can access the international market without needing large investments.
When to Opt for Simplified Import?
This import model is ideal for companies that are just starting out, such as small online stores, entrepreneurs who want to test the sale of new products or even individuals who want to buy for personal use.
However, as your business grows and begins to import higher-value products or in greater quantities, it will be necessary to transition to the traditional import regime, which is more complex but also offers greater flexibility.
Conclusion: Simplified Importation Could Be Your Big Step
If you are looking for ways to expand your business without having to go through a bureaucratic and costly process, simplified import is an excellent gateway to the global market. Whether you are a small business owner, an e-commerce company or simply someone who wants to buy products directly from abroad, this regime offers the ease and accessibility you need.
Now that you understand how it works, why not start exploring the opportunities of simplified importing? The international market is at your fingertips, and Peculiare is here to help with expert advice to ensure you get off to the best possible start.
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