overseas-trade

  1. Margarita

    UK structuring of overseas rental property funded from trading company

    Hello, Client has retained profits in a UK trading company and intends to use approximately £250,000 to fund renovation of an overseas residential property that will be let. I am reviewing the UK tax implications only and considering the most appropriate structure, including: Extraction via...
  2. H

    Looking for Freight Forwarder: China → UK (Electric Forklift)

    Hi all, I need a reliable freight forwarder to ship 1 electric forklift from Shanghai Port to the UK. Cargo: - Forklift: 1 unit - Dimensions: 4.1m × 1.42m × 2.3m - Weight: 5,200 kg - Lithium‑ion battery (Class 9 DG) - Packed in a wooden crate - Pickup from Shanghai Port Requirements: -...
  3. B

    UK Ltd company doing business overseas

    Hi, New to this forum. We are a UK based Ltd company offering consultancy services. We have a well developed opportunity to engage with a client abroad (in the Philippines) to carry out consultancy services. The work will be entirely remote (working from the UK and teams calls with the client...
  4. ctrlbrk

    "Trade deal" UK-US: what are the implications?

    Surprised that there is no thread about this. It's not a topic that affects me per se, but I wonder whether the fellow UKBF members who do trade with the US are affected, and what they think?
  5. Wendy Zhao

    Which is more important in trading: competitive pricing or high-quality products?

    While I’ve been developing the market, I’m often asked to offer lower prices. However, in my opinion, to ensure smooth and long-term cooperation, product quality should be the priority. Based on that, the focus should be on maintaining quality first, and then trying to offer competitive pricing...
  6. P

    Claiming VAT - Chinese products based in the UK

    I buy products for my customers from a Chinese supplier. Once purchased they dispatch directly from their UK warehouse to either me or my customers. They do not charge VAT, but I will have to pay HMRC VAT. After doing this, I am left with very little profit. I can't charge VAT to my customers as...
  7. A

    SUPPLIER USING CHINESE ADDRESS TO AVOID THE VAT CHARGE? ALIBABA CHARGING VAT?

    Hi all, Has anyone buying from china via alibaba dealt with suppliers using a chinese address on alibaba to avoid being charged VAT? They did this with my samples and they arrived fine with a seperate invoice with my actual address but I just wondered is this a common thing? Secondly, why is...
  8. A

    Buying from china. Is sea freight safe or use Fedex for UK?

    Hi everyone, I am starting a new business in the UK and getting some bits shipped over from china but I'm not sure what shipping method to use. I can either use fedex (10 working days) or sea freight (30 days), and both are door to door. But there is a huge difference in cost. Fedex being 970...
  9. P

    Running UK company from overseas

    Hi, I have a company registered in England and I am planning to move overseas to be with my wife. I was wondering what the rules would be on my continuing to run the business from abroad. Could I still be the director, even if I am living abroad? It's a new online business - no physical products...
  10. T

    Enquiry for sales to Uzbekistan

    I am a specialist tool retailer and had an enquiry from a person who wants 5x of a particular tool, for shipment to Uzbekistan (apparently) They are special order, approx 6 weeks lead time, and my terms are 100% up front for specials. Is there anything I need to watch out for? Assuming the...
  11. P

    Starting a business overseas

    Hi I am starting a business overseas (outside european union), I am a UK citizen and I will be sending some of my profits back to my uk bank account. Because I am in a lucrative business, should i contact my uk bank and let them know where my money will be coming from? My company is registered...
  12. 3 MORE YEARS

    Need some advice on selling outside the UK post Brexit

    Hi, Although I am not new to business, I am very new to e-commerce. I am about to launch an online store, and I feel my products could be sold outside the UK. Even if it becomes successful, it will most likely always be relatively small business. I have been reading in the press that post...
  13. 3 MORE YEARS

    China Alibaba - does it have to be so frustrating?

    I have purchased from Alibaba on and off a few times before. Only a few items and its been okay, but very frustrating. I have also lived in developing countries, so I am not completely naive. I know in some parts of the world they think we are all rich and we all fair game. I am also considering...
  14. A guide to sending and receiving goods via sea freight

    A guide to sending and receiving goods via sea freight

    If your business is going to rely on sea freight to send or receive goods, it's worth doing your homework before you get started. There are endless options when it comes to shipping goods overseas and you’ll need to understand what to look for in a decent freight forwarder as well as how the...
  15. boogieboa

    VAT on China orders via Alibaba

    I’m based in the UK and order items from China via Alibaba. Can I get tax exemption on purchases for resale if my business is not registered for VAT?
  16. Using Chinese wholesalers: how to find suppliers for your business

    Using Chinese wholesalers: how to find suppliers for your business

    Small businesses and entrepreneurs often see a huge opportunity in importing from China, but for the uninitiated it can be difficult to know where to start. Finding a reputable and reliable supplier is your first task, and this stage shouldn’t be underestimated. There are hundreds of thousands...
  17. The Collapse of GBP - Why You Need to Negotiate With Your China Supplier

    The Collapse of GBP - Why You Need to Negotiate With Your China Supplier

    buying from China and who find themselves fighting for profit margins due to the collapse of the GBP and it's exchange rate with the US$, there are a number of options open to you, which include the following: 1. Continue with the status quo and see your profits eroded due to increased costs...
  18. P

    Any Recommendations for R&D Chinese based suppliers/manufacturers

    Me and a couple friends have been working on a new product idea for the last 6 months. We have found a couple of suppliers but were worried about IP protection (designs and molds/tooling). The plan is for our shortlisted suppliers to sign a NNN, design protection contract and a MA. However we...
  19. S

    Importing a custom made electrical product from China to the UK

    Hi All, I am looking for some help. My background is in digital marketing - I have spent 10 years working in the corporate world, but feel I just want to be my own boss / also think I have a great idea. I have found a supplier of a product on Alibaba, and worked over some months to engineer...
  20. B

    Importing Zero Rate Items

    Hi, I'm looking to import a product from Norway. This is a zero rated product (food based HS 1905 90 8000). Do I pay VAT at import and claim back, then sell zero rated or will the import itself be zero rated so I don't need to claim back. The benefit of this item is it also 0% Duty so i'm...
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