Resources

This guide outlines several strategies for businesses to manage and mitigate the impact of increased tariffs on imported goods. The guide covers three main approaches: avoiding tariffs, mitigating tariffs, and recovering paid tariffs.

This guide provides an overview of the following grants provided by the Port of Virginia: the Port of Virginia Economic and Infrastructure Development (EID) Grant, the Virginia Port Volume Increase Grant Program (PVI Grant), the Virginia Barge and Rail Usage Grant Program (BRU Grant), and the International Trade Facility Grant Program (ITF Grant).

All U.S. exports are regulated by the U.S. Federal Government. To comply with federal law, your company must determine which government agency has jurisdiction over its exports. The two most important export control laws are: Export Administration Regulations (EAR) (U.S. Department of Commerce) and International Traffic in Arms Regulations (ITAR) (U.S. Department of State).

What is an IC-DISC? The Interest Charge-Domestic International Sales Corporation (IC-DISC) is a tax saving vehicle for U.S. exporters. Eligible U.S. companies can recoup or exceed their tax savings on exported product (and in some cases services) revenue by creating an IC-DISC.

When traveling to a foreign country, you may be required to obtain a business visa or travel visa. Visa requirements vary depending on the purpose of your trip, such as tourism, business, or employment, and the country you will be visiting.

The value of the currencies can change quickly, sometimes between the time a deal is concluded and when payment is received. Exporters who choose to trade in foreign currencies can minimize foreign exchange exposure by using risk management techniques, such as spot exchange rates, forward hedges, options, etc.