HOW TO START AN EXPORT IMPORT BUSINESS IN ARIZONA

export arizona, import arizona

How To Start Export Import Business

USA is the leading importer country and second top exporter country in the world. The interesting thing is only %10 of US companies working in export business so here is a great opportunities in this field. 

Before you start an export or/and import business , you need to build up a company. So the first step could be learn how to incorporating in Arizona. Afterthen you decide to choose the right way to manage your export / import business. You can organize all things by yourself if you have enough knowledge and experience about export / import business.

1.way: You can get support from foreign trade companies as below:

Export management company (EMC) : EMCs usually specialize by foreign market or product type. They handle all steps on behalf of you. If you have a proper product its easy to find and deal with EMC. EMC working style as; commission, salary or retainer plus commission.
Export trading company (ETC) : They are searching the foreign buyers (importers) and match the domestic producers with them. These companies ETC works on a commission basis.

2.way: You can sell your goods directly to foreign

Import / export Merchant : These companies buying the goods from domestic producers and sell them on abroad with their profits. So all risks and charges belong to them. Import / export companies could be located at foreign country. Its better to work with exworks delivery term if you dont want to organize customs clearence or transportation process.
Import / export company : Its the main goal if you want to learn how to do import export business and grow your company. If you want to earn main profit without sharing or commission to reseller, broker of any kind of middleman.

Incorporating in Arizona

If you plan to start any business, the first step should be incorporating in Arizona. So you need to know, how to incorporate in Arizona? and also get an information that; what you do
Corporate Name: You should check the corporate name if its already registered or not. 
Your company name also cant be similar with any older registered company.
Your company name should include; “Corporation” or “incorporated”. If its work related with finance and banking sector, the company name also may include; “banking” or “bankers”.

You have to prepare the “Articles of Incorporation Requirements” including the following details:

  • Minimum one person as a directory of company
  • You dont have to residence in Arizona to open a corporate in Arizona
  • There is no any spesific age requirements to incorporate in Arizona
  • You dont need to list any officer, manager or worker of the company in main article
  • Each year, you should file an annual report with the secretary of state latest 15th march
  • This documentation cost takes 10 USD and its mandatory for domestic corporations and also for foreign corporations.

How to Form a Corporation in Arizona

1. Choose a Corporate Name and check if its register or not
2. Prepare a Certificate of Formation 
3. Appoint a Registered Agent 
4. Set Up a Corporate Records Book
5. Prepare Corporate Bylaws

6. Appoint Initial Corporate Directors

7. Hold Your First Board of Directors Meeting

8. Comply with Arizona Tax Requirements

Registration Fees in Arizona:

All companies should prepare annual report and also certificate of disclosure for each year.
The fiscal year will be finish at 15th of march so the statement must be filled and the filling fee is 45 USD

Tax Rates in Arizona State (AL)

Base state sales tax rate: %5,6
Local rate range: %0 - 5,6%
Total rate range: %5,6 - %11,2
The minimum tax rate is 50 USD if the annual income part of %90 is less then this.
Arizona Department of Renevue: https://azdor.gov/

The Arizona state  tax rate is approx %5.6. Depending on city municipalities, the total tax rate can be changed between %5.6 to %11.2
Forexample in Glendale city, the tax rate is %9.2 however in Chandler its %7,8 If you plan to build up a business in Arizona Its better to check all city tax rates before you start up.

Arizona Export Products

Arizona already have 20 billion USD export business but there is a capacity to grow it.
Arizona called as the land of copper, but Arizona state's top export goods are aircrafts.

Aircraft factories in Arizona: Honeywell Aerospace and Boeing 

Arizona’s Top 5 Export Products

  • Aircraft including engines : 2.2 billion USD 
  • Copper ores : 1.1 billion USD
  • Integrated circuits : 1.7 billion USD
  • Bombs, mines : 725 million USD
  • Office machine parts and accessories : 450 million USD

Arizona’s Top 5 Exporting Country

  • Mexico : 7.6 billion USD (35% of Arizona’s total exports)
  • Canada : 2.1 billion USD
  • China : 1.2 billion USD
  • United Kingdom : 975 million USD
  • Germany : 695 million USD

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HOW TO START AN EXPORT IMPORT BUSINESS IN ARIZONA
How To Start Export Import Business in ARIZONA, How to incorporate in ARIZONA, ARIZONA tax and registration rules. ARIZONA investing opportunities. ARIZONA's top export and import goods
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