Frequently Asked Questions
Q. Is Primix seeking new licensees?
A. Our process is setup for a prospective licensee/joint venture to first prove itself in the market territory they aim to invest in. This allows both parties to minimize their risk profile and maximize the return. We encourage everyone interested in discussing such an opportunity to contact Primix International at your earliest convenience for details.
Q. Are there countries to which i am not permitted to export?
A. The United States severely restricts exports to several countries. Certain exports to those countries, however, may be approved with a license. The Office of Foreign Assets Control (OFAC) at the Treasury Department has information about embargoed countries on its website (www.treas.gov/ofac) or the office can be contacted at Tel: (202) 622-2426. Currently, U.S. persons are generally prohibited from exporting to Cuba, Iran, Iraq, Libya, North Korea, the Republic of Serbia (excluding the province of Kosovo), Sudan, the Taliban-controlled areas in Afghanistan, and prohibited from exporting arms and related material, and petroleum and petroleum products to the UNITA faction in Angola without a license. In most cases, licenses are issued for exports of agricultural goods, medicines and medical equipment to sanctioned countries. Other, less comprehensive export restrictions exist for most destinations, including those for China, India, Pakistan and Syria.
Q. What countries do I need to worry about in terms of U.S. Sanctions?
A. OFAC administers a number of U.S. economic sanctions and embargoes that target geographic regions and governments. Comprehensive sanctions programs include Burma (Myanmar), Cuba, Iran and Sudan. Other non-comprehensive programs include the Western Balkans, Belarus, Cote d'Ivoire, Democratic Republic of the Congo, Iraq, Liberia (Former Regime of Charles Taylor), Persons Undermining the Sovereignty of Lebanon or Its Democratic Processes and Institutions, North Korea, Sierra Leone, Syria and Zimbabwe as well as other programs targeting individuals or entities that could be anywhere. Those programs currently relate to foreign narcotics traffickers, foreign terrorists, WMD proliferators.
In addition to targeted countries, it is very important to note that OFAC publishes a list of Specially Designated Nationals and Blocked Persons ("SDN list") which includes over 6,000 names of companies and individuals who are connected with the sanctions targets and are located throughout the world. A number of the named individuals and entities are known to move from country to country and may end up in locations where they would be least expected. U.S. persons are prohibited from dealing with SDNs wherever they are located and all SDN assets are blocked. Because OFAC's programs are dynamic and constantly changing, it is very important to check OFAC's website on a regular basis to ensure that your SDN list is current and you have complete information regarding current restrictions affecting countries and parties with which you plan to do business.
Q. Is there an application fee?
A. Yes. $1,000 non-refundable submitted at the time of application.
Q. How long will it take for Primix to review my application?
A. We will respond to your application in 30 days or fewer.