In order to run a profitable import business you need to have the right people and processes in place. This guide explains some important points you need to consider as you start your import business.
DO YOUR RESEARCH
Before arranging your first import shipment, doing your research is a must. Here are some of the key points you need to look into
Products you’ve found a need for a product or you can source parts cheaper offshore
Suppliers get to know potential suppliers, travel and visit, use the internet, go to trade shows, see who can provide the best product and who you can continue to do business with in the future
Export Country look into the countries you will be importing from, it could make a big difference to your end costs. Consider the distance to travel, the currency you will be charged in and any countries where we have Free Trade Agreements
Production times and quantities Factor in production time and minimum quantities per order
Regulations Look into the restrictions and regulations that affect the goods when they arrive into NZ. The Bio-Security website has a lot of information that can help
Duties depending on what you are importing and where you are importing the goods from will determine duty rate you will pay. The NZ Customs Website can give you an indication of what the rate will be and what it is based on
WHAT TO DO NEXT
You have completed your research, now it’s time to get things moving.
Find a reliable Freight Forwarder make sure that their services meet your requirements - now and when your business has grown
Customs Client Code You can apply for this directly with New Zealand Customs or through your nominated Freight Forwarder
GST registered You will have to pay GST on all commercial imports, ensure that your company is GST registered
MAF and Bio Security You may require special Bio Security licences or permits in order to receive the goods you are importing i.e. Approved Transitional Facility (ATF) to receive full container loads into your store
Regulations Look into the restrictions and regulations that affect the goods when they arrive into NZ. The Bio-Security website has a lot of information that can help
