Trading to foreign countries is a huge part of keeping a business alive and allowing it to grow. The only drawbacks to trading with other countries are the distance and the cost of tariffs. There are however, ways around expensive tariffs when trading with Canada. Check out this article to see how you can save money by doing business with Canada.
You may not be aware of it, but Canadian consumers often receive goods purchased from the U.S. only to discover they’re on the hook for additional customs and brokerage fees. To avoid such frustrations and keep customers happy, U.S. businesses can apply for Non-Resident Importer (NRI) status.
Why Become a Non-Resident Importer?
As an NRI, a U.S. business acts as an “importer of record” and is able to have direct control over its shipments to Canada – offering unique access to the Canadian market. NRIs can charge their Canadian customers an all-included landed price at time of purchase while providing a streamlined customs clearance process, which ultimately leads to a great customer experience.
Register today to learn more about:
- The benefits to U.S businesses with NRI status
- Becoming an NRI: the process fully explained
- The responsibilities and obligations of NRIs