Posts Tagged ‘NRI’

How to become a Canadian Non-Resident Importer (NRI)

Posted at October 10th, 2012
Posted by Ryan S
Tags: - - - - -
Categories: International Shipping, Selling Internationally
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In my last blog post I talked about the advantages of becoming a Non-Resident Importer (NRI).  I would now like to talk about a few responsibilities that NRI’s have and important steps on how to get setup as one. I would recommend that you go through someone like UPS or FedEx as your broker as they will help with the process.  The process may differ slightly with each broker but I will discuss the UPS process since it’s the one that I’m most familiar with.

NRI Responsibilities:

  • Responsible for the complete declaration of all shipments made in their name
  • Pay for any applicable duties, taxes and brokerage fees
  • Responsible for GST Registration and quarterly filing
  • Maintain importing records for a period of six years plus the current year

UPS will make the process very simple and will walk you through the entire process.

Steps to Get Setup:

  • Apply for a Canadian Business Number
  • Sign a General Agency Agreement to allow UPS to act on your behalf at the Canadian Border
  • Sign an Agreement to Maintain Books & Records with the Canadian Government
  • Tell UPS about your business
  • Let UPS do the rest of the leg work….It’s that simple

Now that you know a little more about what a NRI is, the advantages and steps to become one you may find the process a little overwhelming.  If this is the case, you may want to consider partnering with iGlobal Stores where it is our goal to take these types of headaches away so that you don’t have to worry about them.

What is a Canadian Non Resident Importer (NRI)?

Posted at September 26th, 2012
Posted by Ryan S
Tags: - - - -
Categories: International Shipping, Selling Internationally
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What is a Canadian Non-Resident Importer or (NRI)?

If you ship internationally you may have heard the term NRI or Non Resident Importer, but what is it?  Simply put, it’s a business that doesn’t have a physical location within Canada but imports products from the USA to Canada.  Basically the NRI is the exporter from the USA and the Importer in Canada.

What are some advantages to becoming a NRI?

1. Offer a landed cost price that can include shipping costs, duties, VAT, etc.

2. Expand into Canada without the expense of having a physical location in Canada

3. Consistent customs process resulting in less delays and faster clearance

4. Simplified customs documentation

5. Provide a localized buying experience for your Canadian customers

6. Ability to import using Canadian free trade agreements

How to become a NRI?

To be continued on my next blog post.  Stay tuned.

If you find international shipping to be too big of a hassle, consider partnering with an expert like iGlobal stores.  iGlobal removes the headaches typically involved with selling and shipping internationally.

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