In Latin American countries motorcycles rule the distribution industry making it absolutely different from other world markets. The import of bikes is booming in Latin America because of innovative leasing and large bike fleets powering countries with a double-digit growth in the economy. Here are small tips for those who want to import the bikes in these countries matching up to the ever-increasing demand for bikes in these regions.
Import process
If you have made up your mind to import a bike to Latin America then the first fall you need to submit the completely filled shipping documents to customs and pay the customs duties. The customs ascertain that the value mentioned in the import declaration is correct and you have to pay the customs duties based on the estimation made by the customs department. After you have paid the customs duty, you will be handed over a certificate of registration of your bike which will be addressed to the Traffic & Licensing Department. The residence authorization of the importer should be valid and if the bike has been subject to accidents then you might not be allowed to import bikes to these countries.
Choose the right container size for import
Whether your bike is a salvage model or an exotic masterpiece you need to choose the correct size of the container for the import of your bike. If your bike is a luxury bike then you may need more size and bigger container for import but if you are heading forth to import the normal models then eight to nine bikes can be fitted in a single container. You need to choose a company and a service that can import your bike in white glove condition.
Import duty
The import duty is paid along with the value added tax depending on the engine capacity and the model of the bike. The value-added tax is normally 18 percent but it may vary depending on the cost and age of the bike. Apart from this the regional governments also impose transportation tax which greatly varies according to the different regions. You cannot even think of having a smooth import experience if you haven’t paid the import duty and have submitted the shipping documents.
Emission standard
Imported bikes are subject to emission standard to control air pollution and promote the green and clean environment. If your bike doesn’t meet the relevant emission standard then you might not be allowed to import your bike to the Latin American countries. There are strict emission rules and you have to be in compliance with the standards before you decide to import your motorbike to these countries. Never forget the ethics of “Green Is Happier”.
Import insurance
It’s always a safe bet to apply for optional shipping insurance before jumping forth to import a bike to these countries. This will not only help in battling with your expenses but will also recover any damages that occur while the import process. There are many international shipping companies that will readily provide import insurance for your bike. Enjoy the import process at a competitive price that won’t burn a hole in your pocket.
You need to have the expertise to handle all these concerns before you get ready for the import process. You can import the bikes to the Latin American countries in time and in the budget if you abide by these important steps.
