Definition of export.
Export is the act of selling products and/or services intended to be marketed and sold on the foreign market. A distinction is made between fully exporting companies whose transfer covers all of its production, and partially exporting companies whose transfer covers part of its production.
The golden rules of export:
Membership of the export regime requires a lot of thought and requires some techniques capable of successfully exporting.
To prepare your project properly and ensure its success, you must:
Study the characteristics of the foreign market: take into account cultural differences (language, pace of life, way of thinking, habits, customs, etc.)
Identify export risks (unsuccessful prospecting, exchange rate risk, insolvency risk, etc.) and consider, for example, the conclusion of an insurance contract, which covers any losses.
Determine the costs of approaching foreign markets: because they are often significant and can be the subject of a specific loan from a bank.
Provide yourself with the essential data for the implementation of the export project. These last ones result in answers to different questions:
Where to export?
How to export?
What is the target?
How to find out about foreign export countries?
Who to work with?
What are the professional export networks? etc…
Take into account the characteristics of the export activity by:
studying the legal and tax regulations specific to foreign countries.
according to fluctuations in currency exchange rates.
assessing the costs generated by distance, in terms of logistics and transport.
The export is valid for each natural or legal person.
It is a special regime that has succeeded in attracting the interest of a good number of companies.
So why export? And what are the reasons for adopting such a regime?
Exporting allows access to foreign markets. As a result, the exporting company will be able to benefit from the economic and financial development of another foreign country, which implies a growth in turnover and an increase in economic profitability. As a result, the company will be able to regulate its sales, as part of a seasonal activity and will gain notoriety both nationally and internationally.
Exporting companies are often characterized by a considerable volume of sales, capable of cultivating its ability to exceed the saturation of the domestic market.
By addressing foreign markets, the economy can only be an economy of scale.
To conclude, it is important to point out that the number of exporting companies is changing rapidly, knowing that those already affiliated to this regime are satisfied and wish to increase their export activities even further.