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NAICS Code 541612-19 Description (8-Digit)

Consular Invoices-Prepared is a subdivision of the Human Resources Consulting Services industry that involves the preparation of consular invoices for companies engaged in international trade. Consular invoices are documents required by some countries to accompany shipments of goods and provide information about the contents of the shipment, including the value, weight, and description of the goods. Companies that engage in international trade may require the services of a consular invoice preparation firm to ensure that their shipments comply with the regulations of the destination country.

Hierarchy Navigation for NAICS Code 541612-19

Tools

Tools commonly used in the Consular Invoices-Prepared industry for day-to-day tasks and operations.

  • International trade regulations software
  • Customs compliance software
  • Freight forwarding software
  • Export documentation software
  • International shipping calculators
  • Currency conversion tools
  • International trade databases
  • Shipping label printers
  • Barcode scanners
  • Digital scales

Industry Examples of Consular Invoices-Prepared

Common products and services typical of NAICS Code 541612-19, illustrating the main business activities and contributions to the market.

  • Export documentation services
  • International trade compliance firms
  • Customs brokers
  • Freight forwarders
  • Shipping and logistics companies
  • International trade law firms
  • Trade finance companies
  • International trade associations
  • Import/export consultants
  • International trade compliance consultants

Certifications, Compliance and Licenses for NAICS Code 541612-19 - Consular Invoices-Prepared

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ATA Certification: The American Translators Association (ATA) certification is a credential for translators that demonstrates their proficiency in translating from one language to another. This certification is important for Consular Invoices-Prepared industry as it requires translation of documents for international trade.
  • Certified Export Specialist (CES): The National Customs Brokers and Forwarders Association of America (NCBFAA) provides the CES certification to individuals who have a comprehensive understanding of the export process. This certification is important for Consular Invoices-Prepared industry as it requires knowledge of export regulations.
  • Certified International Trade Professional (CITP): The Forum for International Trade Training (FITT) provides the CITP certification to individuals who have a comprehensive understanding of international trade. This certification is important for Consular Invoices-Prepared industry as it requires knowledge of international trade regulations.
  • Certified Customs Specialist (CCS): The National Customs Brokers and Forwarders Association of America (NCBFAA) provides the CCS certification to individuals who have a comprehensive understanding of the customs regulations. This certification is important for Consular Invoices-Prepared industry as it requires knowledge of customs regulations.
  • Certified Global Business Professional (CGBP): The National Association of Small Business International Trade Educators (NASBITE) provides the CGBP certification to individuals who have a comprehensive understanding of global business. This certification is important for Consular Invoices-Prepared industry as it requires knowledge of global business practices.

History

A concise historical narrative of NAICS Code 541612-19 covering global milestones and recent developments within the United States.

  • The Consular Invoices-Prepared industry has been around for many years, with the earliest known examples dating back to the 19th century. In the past, consular invoices were handwritten and often contained errors, leading to delays and additional costs. However, with the advent of technology, the industry has seen significant advancements in recent years. Today, consular invoices can be prepared electronically, reducing errors and speeding up the process. In the United States, the industry has seen a surge in demand due to increased international trade and the need for accurate and timely documentation. Notable advancements in the industry include the development of software that automates the preparation of consular invoices and the use of blockchain technology to ensure the authenticity of documents.

Future Outlook for Consular Invoices-Prepared

The anticipated future trajectory of the NAICS 541612-19 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Consular Invoices-Prepared industry in the USA is expected to grow in the coming years due to the increasing demand for international trade and travel. As more businesses expand globally, the need for consular invoice preparation services will increase. Additionally, the industry is likely to benefit from the growing number of tourists visiting the USA, as consular invoices are required for visa applications. However, the industry may face challenges due to the COVID-19 pandemic, which has significantly impacted international travel and trade. Overall, the industry is expected to experience moderate growth in the next few years.

Industry Innovations for NAICS Code 541612-19

Recent groundbreaking advancements and milestones in the Consular Invoices-Prepared industry, reflecting notable innovations that have reshaped its landscape.

  • Online Consular Invoice Preparation Services: Many companies are now offering online consular invoice preparation services, which allow customers to easily and quickly prepare and submit their consular invoices online.
  • Mobile Consular Invoice Preparation Apps: Some companies have developed mobile apps that allow customers to prepare and submit their consular invoices from their smartphones or tablets.
  • Automated Consular Invoice Preparation: Some companies are using automation technology to streamline the consular invoice preparation process, reducing the time and cost required to prepare consular invoices.
  • Integration with Other International Trade Services: Some companies are integrating their consular invoice preparation services with other international trade services, such as customs brokerage and freight forwarding, to provide a more comprehensive solution for customers.
  • Improved Customer Support: Many companies are investing in improving their customer support services, such as offering live chat and phone support, to provide customers with better assistance and support throughout the consular invoice preparation process.

NAICS Code 541612-19 - Consular Invoices-Prepared

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