Have you found a possibly great buyer in Spain or discovered a market and want to take advantage of it? If this is the case, you will be exporting your items to Spain, and you will need to learn as much as possible regarding the customs guidelines, the required documentation, as well as the tariffs that must be paid. In case you are simply shipping something for non-profit interest or for commercial use, and if your packages are cheap commodities, you will figure out that Spain is a state that’s truly open to trade.
Numerous rules with regards to taxes and duties are in effect, and it is very important to understand these guidelines ahead of sending packages to Spain. If you have a product that can sell at low prices, which consequently are harmful to the economy in Spain’s territory or anywhere else in the European Union, you may possibly have to pay out countervailing tariffs. Watches possess a special treatment, and it is essential to spend on taxes, duties, and other tariffs after every object is evaluated.
If you ship a commercial item valued less than 22 euro, you will save on duty or VAT. If the product costs less than 150 euro, you will not pay duties, however, you are not exempted from VAT. For products which have a valuation of over 150 Euros, you will shell out on both VAT and duties. Special duties which reduce the effects of dumping are applied for products valued at a noticeably smaller price tag than the one on the Spain’s local market. Excise taxes are put in place to luxury goods such as cigars, cigarettes and other tobacco products, wines or other alcoholic drinks and perfumes or other fragrances.
By all account 2008 & 2009 was probably the most challenging time in recent memory for retailers; especially in the luxury sector. However, Richemont’s acquisition of Net-a-Porter in April of this year and the recent sale of Harrods department store of Knightsbridge indicates that this sector of the market is resisting the downward slump felt by many mid-market retailers.
The trend towards buying expensive goods may seem peculiar in a recession but consumers are slowly waking up to the fact that buying ‘disposable fashion’ or cheap mass market clothing is a false economy. Paula Reeves, the CEO of the online luxury retailer Black, points to the fact that when buying luxury, although you pay a premium for the label you also get quality and timeless style. She goes on to explain that cheap clothing is great for one year but then it deteriorates and you end up buying the same item twice!
Black, along with many other luxury retailers have also had to work very hard and very smart in order to maintain growth levels. It is not simply a case of having a good product and a good service, it is important to take a step back and analyse where the opportunities are. For example, the UK at the moment is gearing its self for an ‘age of austerity’ with huge government spending cuts and tax rise imminent retailers have to be very price competitive to attract customers, while at the same time ensuring they don’t devalue their brand or products. This is where purely online operators such as Net-a-Porter and My Wardrobe have the advantage over traditional bricks and mortar business who pay for the privilege of having a presence in sought after urban shopping areas with high footfall.
Sooner or later you’ll be ready to pack up and make that big move. You’ve been working hard and you’re finally ready for a change in scenery, but better than that, you’re ready to upgrade to your first luxury home. This is a huge step for any homeowner and should be handled with extreme delicacy and care on behalf of both the seller and the buyer. Certain things are more important than others and obviously you’ll want to take all aspects into concern when you finally make that first purchase, but what should be considered the most important element of the transaction?
An old motto:
You may have already heard it once and you’re going to hear it again, but, “location, location location!” the words have never rang truer. This should be the motto of the luxury real estate agent and over time it probably will be. Your surrounding are vital and make the difference between a nice hand with some land, and a luxury real estate. You want a property that will retain its value over the years to come, a community that works, and an economic situation that doesn’t hold you back.