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FEA without penalties

Why do business advice on the subtleties of currency legislation, explain in the Savings Bank

Business, which has achieved success within Russia, at a certain stage of its development often puts the task of exporting products to foreign markets. And for this, the company does not need to have billion-dollar turnovers and have a network of branches throughout the country - at times, exports start from tens of thousands of rubles. But even such a small step is associated with difficulties that have nothing to do with the knowledge of foreign languages ​​or the psychology of potential foreign partners. Currency legislation, its strictness and frequent changes in norms are one of the main difficulties that await a businessman on the way to foreign economic activity (FEA).

FEA without penalties
Photo: shutterstock
To start export activities, entrepreneurs usually lack two basic things: information and funds, says the head of the Center for Support and Development of the Khabarovsk Territory, Ivan Sukhanov. The issues of financing foreign trade activities are being gradually solved, he notes: most enterprise support institutions have specialized products for exporters, and all major banks interact with the Russian Export Credit and Investment Insurance Agency (EXAM), which helps insure export transactions and provides guarantee support. But the issue of informing and advising on foreign trade issues is much more complex and complex.

Companies that go for real deals in foreign markets have two ways, explain in Sberbank. The first is the road to significant costs associated with hiring expensive specialists in the field of currency control. True, this does not free the enterprise from additional risks associated with possible mistakes of employees and their lack of practice of resolving non-standard situations arising in the course of execution of a transaction with a foreign counterparty. "The probability of obtaining high fines is very high and often does not depend on the integrity of the participant in foreign economic activity. Penalties for improperly executed transactions in foreign trade activity can reach an amount comparable to the size of the operations conducted, "- Sberbank acknowledges.

The second way is offered to entrepreneurs by Sberbank, which created a Consulting Center (KC) for participants in foreign economic activity. The business of any size and form of ownership, serviced in any bank, engaged not only in export and import, but also with any kind of interaction with non-residents, can appeal here for support. The center is provided with all consulting services related to foreign economic operations. The most popular of them is assistance in processing currency control documents in accordance with the requirements of currency legislation: transaction passports, certificates of confirming documents, certificates of currency transactions.

Competence of KC specialists, however, is much broader. In the center can provide a service unique on the banking market - "Servicing of foreign economic transactions" Turnkey ". It includes the monitoring of registered declarations for goods and the preparation of certificates of supporting documents, the tracking of export earnings receipts and the issuance of certificates of currency transactions. On complex issues in the CC will provide written advice, and for rare cases or large teams will help organize an individual or group training seminar.

All foreign exchange transactions are under the strict control of the state, which complicates their implementation without a detailed knowledge of currency legislation: any wrong move can lead to a fine. However, business is business, and at any stage of the transaction it may be necessary to terminate it prematurely or to change the essential terms of the contract. And the foreign trade contract itself must be properly compiled from the beginning. In particular, to provide for such settlement conditions that would minimize the risks of non-performance by a foreign counterparty of its obligations under the transaction. "Clients of the center can count on consultation and in the course of fulfilling obligations under the earlier concluded contract. Specialists of the bank will help to avoid violations of the currency legislation and choose the best ways to execute, change or terminate the obligations under the contract with the counterparty, "say Sberbank.



An example of a situation from business practice, when the help of KC specialists will be by the way: the company has concluded an agreement on the export of goods and shipped the goods abroad, but the foreign counterparty cannot pay. “If the exporter does not receive export earnings within the terms established by the contract, this will entail the imposition of penalties by the supervisory authorities. It is very important in this situation to make the necessary changes to the contract that will allow the client to avoid violation of currency legislation. Specialists of the Consulting Center also provide such services, ”the bank noted.

It is very important that in time to consult the nuances of conducting foreign economic activity - much cheaper than ignorance of violating the law and inevitably get penalties.

A fine, for example, for "non-compliance by a resident with the established procedure for submission of accounting and reporting forms for currency transactions and violation of established rules for the registration of transaction passports" - up to 50 thousand rubles. Sberbank's consultation will cost ten times cheaper: a written consultation - 500 rubles, an examination of the contract - 1300 rubles, a training seminar - from 900 to 2600 rubles per hour. The answer to the most difficult questions with the help of KC specialists will be found in a maximum of three days, and the speed of decision-making in non-standard situations is known to play a key role.

Another service from Sberbank, the virtual Customs card, helps to increase the speed of making payments. It makes it possible to make a payment anywhere in the world in favor of any customs authority, without leaving the office, online - 24 hours and seven days a week. Card operations take only 10 minutes. As part of this service, an electronic customs declaration service is additionally offered for the generation and submission of customs documents to the Federal Customs Service in electronic form.

More information about the service of foreign trade activities and the services of the Consulting Center can be found on the website Www.sberbank.ru and by phone:
Khabarovsk (4212) 78-32-12
Vladivostok (423) 242-66-38
Nakhodka (4236) 67-90-56
Blagoveshchensk (4162) 59-50-23
Yuzhno-Sakhalinsk (4242) 46-82-81
Magadan (4132) 69-04-03


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