What is Customs Brokerage?
Customs brokers play a role in virtually every transaction amongst businesses trading between different countries. Still, the question is: what is customs brokerage and what does a customs broker do?
Why Do I Need to Use a Customs Broker?
Simply put, there are plenty of new trade agreements, regulations and other rules put in place regularly. Using a customs broker helps you avoid fines and punishment by making sure all your documentation is in order.
What is a Customs Broker?
Although different countries have different regulations, a customs broker is a private individual that is licensed, regulated and empowered by governments to assist in importers and exporters in the process.
What a Customs Broker Does
Customs brokers assist importers and exporters in meeting requirements set by governments. This usually consists of helping clients provide necessary payments and documentation.
What's Special About a Customs Brokerage Firm?
In order to transact Customs business, corporations, partnerships and associations must have a broker license. To get that license, a business must have at least one individually licensed officer, partner or associate to qualify.