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Korean: 한국 고객을 위한
Staff Answer
Feb 03, 2020 - 11:57 PM
Thank you for your query.
Foreign exporters and Brazilian importers must register with the Foreign Trade Secretariat (SECEX), a branch of the Ministry of Industrial Development and Commerce (MDIC). Companies seeking to import goods into Brazil must obtain a RADAR licence.
This license can be limited, unlimited or express depending on the amount of imported goods. License applications must be submitted to tax authorities and the type of license is determined after a review of the financial capacities of the company.
Depending on the product, Brazilian authorities may require more documentation. For instance, the Ministry of Health controls all products that may affect the human body, including pharmaceuticals, vitamins, cosmetics, and medical equipment/devices.
Such products can only be imported and sold in Brazil if the foreign company establishes a local Brazilian manufacturing unit or local office, or the foreign company appoints a Brazilian distributor who is authorized by the Brazilian authorities to import and distribute medical products. Such products must be registered with the Brazilian Ministry of Health. The registration process is usually cumbersome and/or time-consuming.
Import costs include the Import Duty (II), the Merchandise and Service Circulation tax (ICMS) and the Industrialized Product tax (IPI). Import duty is a federal product-specific tax levied on a CIF (Cost, Insurance, and Freight) basis. Rates usually vary between 10% and 35%.
For more information, please visit the website of Brazilian Tax Authority http://receita.economia.gov.br/
Thanks & Regards,
Go4worldbusiness Team
Foreign exporters and Brazilian importers must register with the Foreign Trade Secretariat (SECEX), a branch of the Ministry of Industrial Development and Commerce (MDIC). Companies seeking to import goods into Brazil must obtain a RADAR licence.
This license can be limited, unlimited or express depending on the amount of imported goods. License applications must be submitted to tax authorities and the type of license is determined after a review of the financial capacities of the company.
Depending on the product, Brazilian authorities may require more documentation. For instance, the Ministry of Health controls all products that may affect the human body, including pharmaceuticals, vitamins, cosmetics, and medical equipment/devices.
Such products can only be imported and sold in Brazil if the foreign company establishes a local Brazilian manufacturing unit or local office, or the foreign company appoints a Brazilian distributor who is authorized by the Brazilian authorities to import and distribute medical products. Such products must be registered with the Brazilian Ministry of Health. The registration process is usually cumbersome and/or time-consuming.
Import costs include the Import Duty (II), the Merchandise and Service Circulation tax (ICMS) and the Industrialized Product tax (IPI). Import duty is a federal product-specific tax levied on a CIF (Cost, Insurance, and Freight) basis. Rates usually vary between 10% and 35%.
For more information, please visit the website of Brazilian Tax Authority http://receita.economia.gov.br/
Thanks & Regards,
Go4worldbusiness Team
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