TITLE: Why Your Business Needs an EORI Number: A Complete Guide
The Key Benefits of Having an EORI Number
An EORI number, or Economic Operators Registration and Identification number, is a unique identifier that grants your business legal recognition for trading activities. In European countries, this registration is a fundamental requirement that authenticates your business operations, regardless of your company’s size.
The EORI system was established to implement the security measures introduced by Regulation (EEC) No. 2913/92, as amended by Regulation (EC) No 648/2005 of the European Parliament and Council. The European Commission notes that traders themselves have been calling for a standard numbering system that is unique to each individual. This system was also designed to serve as proof that your business is valid throughout the European Union.
Understanding What an EORI Number Is
An EORI is a unique number used when dealing with customs and authorities. If you plan to sell your products in any of the European nations, you need an EORI number to import your items into those countries. This number is obtained from the customs office of your country before starting business operations in Europe, signifying your eligibility for trade and commerce within the region.
Whether it is an entry or an exit summary, you are required to lodge a customs declaration, especially if you are a brand or an authorised economic operator. Without an EORI, completing the entry and exit of your products from the EU becomes extremely difficult, as your goods will be held by the customs department of the concerned nation instead.
This is not a wise business practice as it can lead to significant financial losses. That’s why many entrepreneurs who wish to protect their business from legal complications make it a priority to secure an EORI before launching their e-Commerce business on the Amazon Marketplace.
Important Details About EORI Registration
The EORI number is issued by the European country where you are importing your products, and it is honored anywhere in Europe. Even though the UK has exited the European Union, the EORI remains effective there. Regardless of whether you have a VAT or not, you can apply for an EORI number, and the process can be completed online. However, the application requires proper attention.
It is crucial to keep your application free from any mistakes because even the slightest errors can lead to rejections. This is where Sterlinx can assist you.
Sterlinx is known for its team of trained professionals, including Amazon Accountants and Lawyers, who are at your service for every task you need to complete. We help keep your business running smoothly while you focus on planning your expansion to Europe.
Contact us today to work with our experts, who have experience filing thousands of EORI and other registration documents and can help you avoid common errors.
