What are royalties and licensing fees?

What are royalties and licensing fees?

Royalties are usage-based payments from one party (a “licensee”) to another (the “licensor”).

Licensing fees are paid as part of an agreement that defines the terms under which a tangible property is licensed for use by one party (a “licensor”) to another (the “licensee”).

Royalties and license fees are generally paid on:

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What are the common costs of importing?

One of the questions we get asked most is about how much importing a shipment into the US will cost, from beginning to end.  Understandably, people want to know a ballpark figure so that they know what to expect from the importing process.  The following is a table that hopefully can help you gauge what some of the common costs of the process will be, along with possible ranges for amounts if estimable:

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Paying customs duties by ACH

The easiest and cheapest way to make your company’s duty payments to U.S. Customs is to set up and automated clearinghouse (ACH) account with US Customs. Setting up an ACH account with CBP will let you avoid all the fees and delays that come with credit card and check payments.

When you sign up for Flexport.com, we make it easy to set up this ACH account with Customs and then processes your duty payments for you automatically on their due dates.  Each time we process a payment, we will send your duty statement (7501) whenever your goods are cleared so you can always review these payments for accuracy.

Customs duties are due 10 days after entry date  and the usual application processing time is 7 to 10 business days, so we will want to set up your ACH account as soon as you join. Once your account is active, The Revenue Division will contact you in writing to inform you of your payer unit number and the effective date of your ACH participation.

Join Flexport today to get started or if you prefer to do this on your own without our help you can down the application for an Automated Clearinghouse (ACH) account with US Customs: Customs ACH application

When the application is complete,  send it to [email protected]. After 7-10 days the Revenue Division will contact you in writing to inform you of your payer unit number and the effective date of your ACH participation.