Expanding your business beyond Colombian borders is a great opportunity to reach new markets and increase your income. With Finturu, selling and getting paid from outside Colombia is easier and safer than you imagine, but don’t forget some fundamental tips to guarantee international success:
Regulatory Compliance
If you are ready to expand your business beyond borders, this blog is your essential guide. Navigating the labyrinth of exchange and customs regulations may seem daunting, but don’t worry, we are here to help! Find practical tips in this section to avoid fines and increase your sales.
- Any natural or legal person can export or import goods and services from and to the national customs territory. The only formal requirement is to have the importer or exporter status enabled in the Single Tax Registry – RUT (Box 54).
- It is necessary to carry out a correct tariff classification of the merchandise to be imported or exported. Finturu, together with its logistics partners, can help you avoid delays or rejections in your shipments.
- Do not forget to parameterize your accounting software so that the invoices are correct. Do not forget that you can deduct VAT from your sales abroad, regardless of the amounts. Avoid penalties from the DIAN.
- Regardless of the amount, whether it is a good or service, exporters are obliged to channel payments from imports and exports through Market Intermediaries-IMC (DCIP 083). Using Finturu, you achieve 100% compliance with the exchange regulation.
- Avoid channeling your sales through remittances, to avoid blocking your accounts or fines from the DIAN. Likewise, you will avoid accounting headaches, because remittances are only for personal income (not for companies, even if it is a natural person merchant)
Remember that Finturu achieves full exchange and customs compliance for your ecommerce sales globally, regardless of the amount or size of your company. Write to us to avoid fines or blocks.
