Top 5 Reasons for International Sellers to Get an EORI Number

EORI (Economic Operators Registration and Identification) registration is mandatory if you import or export goods into or out of the EU (European Union). Registering for an EORI number will significantly prevent any delays or challenges while you trade. It helps you to understand import and export procedures, allowing you to appropriately declare goods and providing you with special permissions that make dealing with custom rules much easier.

Do I Need an EORI Number?

You only need an EORI number if you import and export goods across EU borders for trading purposes.

• If you’re in the EU: You need an EORI number if you a) have a business presence in the customs territory of the EU and sell within the EU or b) import goods from other countries to the EU (e.g., a) a company that is based in France and sells products within the EU needs an EORI number b) a company that is based in France and imports goods from China to the EU needs an EORI number).

• If you’re outside the EU: You must register for customs activities, including declarations for customs, Entry Summary (ENS), and Exit Summary (EXS) if you’re involved in the movement of goods. This also applies if you’re acting as a carrier (e.g., a company that is located in the US and ships goods to and from EU countries needs an EORI number).

• If you’re importing goods to and from the UK: If you’re moving goods to or from the UK, you must get an EORI number that starts with GB (e.g., a Canadian online seller who wants to expand their market into the UK, should get an EORI number).

• Others: If you aren’t a business but need to comply with EU regulations or national laws of the Member State in which you trade, or are engaged in activities requiring an EORI number, you must register as well. (e.g., a self-employed artist in Germany who occasionally ships their work to non-EU countries will need an EORI number to comply with laws that govern the export of cultural goods).

Be sure to check with the relevant tax office for details specific to the country you want to move goods to or from.

Why is EORI Registration Important?

1. It Makes the Customs Process Easier

The main purpose of an EORI number is to make customs procedures as easy as possible for the seller, particularly if you’re involved in trade with the EU. It facilitates smooth interactions with customs authorities, reduces the risk of delays, and promotes overall efficiency in the movement of goods.

2. You Get Smoother Import & Export Transactions

If you have an EORI number, you’ll know that the ability to experience smoother import and export transactions is one of its key benefits. It directly impacts the movement of goods across borders, minimising administrative hurdles and enhancing your overall trade experience.

3. You Get Access to Special Customs Procedures

Your business may benefit significantly from access to special customs procedures, such as a) Customs Warehousing or b) Inward Processing Relief. These procedures can save you money as well as increase your operational flexibility (e.g., a) a UK-based electronics seller with an EORI number can store their products in a Customs Warehouse duty-free until sold and b) an online fashion seller with an EORI number can apply for and use Inward Processing Relief to import materials duty-free, manufacture their products domestically, and then export the finished goods, reducing customs duties while also saving them money on production costs)

4. It Simplifies Compliance with Complex Legal Requirements

Of course, compliance with legal requirements is essential for any business engaged in international trade. An EORI number ensures you adhere to regulations. If you fail to get one, not only are you at risk of being penalised; your trading activities will also suffer.

5. It Enhances Business Security & Control

The EORI system enhances security and control by enabling customs authorities to monitor and regulate the flow of goods across borders. This helps to prevent illegal trade activities and ensures that all businesses comply with relevant regulations.

In a nutshell, having an EORI number is an important step to take if you want to engage in international trade, especially if you want to sell goods to customers in the EU. It facilitates procedures related to importing and exporting goods for trade, allows you exclusive access to special customs procedures, and prevents disruptions to your business by ensuring the proper adherence to laws associated with cross-border trade.

Still have questions? Leave a comment below or simply contact us via mail: info@tbaglobal.com or WhatsApp.

Sources:

• https://www.gov.uk/
• https://taxation-customs.ec.europa.eu/index_en
• https://osome.com/uk/blog/eori-number-uk/
• https://www.simplybusiness.co.uk/knowledge/articles/2022/07/what-is-an-eori-number/
• https://www.seaoo.com/en/help/what-are-benefits-of-having-eori-number
• https://www.flightlg.com/2019/04/24/eori-what-is-it-and-why-is-it-important/