Trade ComplianceManufacturers are faced with tremendous challenges in today’s global marketplace, and one of the most significant challenges is effectively moving products around the globe while adhering to the increasingly strict trade compliance laws.
Flash’s global trade compliance service provides training, trade risk determination, and classification & duty/tax reviews. We also provide country-specific import/export information, export classification and licensing determination, and internal audits as well. The trade compliance team often takes the lead in resolving trade compliance issues as well as client setup review to minimize the risk of shipment delays. Our ultimate goal is to meet and exceed all worldwide trade regulatory requirements. Reaching that goal helps customers avoid costly mistakes that in some cases come with personal jail time and fines.
The benefits of a strong trade compliance program include reducing risk and shipment delays as well as avoiding fines, penalties and forfeitures or other legal remedies such as the loss of import/export privileges.
BENEFIT: You receive global expertise with management on the ground globally and a best-of-breed network of IOR/EOR partner experts – so you don’t have to be an expert. We can help you launch or extend service in new markets without the financial burden of establishing legal entity.
- Improved Speed to Market
- Improved Inventory Turnover
- Improved Revenue/Assets Ratio
- Ownership of goods remains with client
- Avoid capital outlay in emerging markets
- Minimize client resource requirements
- Rapid setup of after-sales services in most countries
- Avoid the costs and intensive involvement associated with incorporating in each country
- Avoid corporate tax exposure
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