All the companies that are engaged in the import or export of products to or from the European Union (EU) or the United Kingdom (UK) must obtain an EORI number .As of the year 2024, ‘getting an EORI number’ is still the simplest yet a very important thing for a business exploring any international trading activities. The registration assists local authorities in keeping an eye on the transportation of goods which makes the process of both import and export efficient. Each country varies a little in the criteria and the procedures for application of the registration but generally it follows several web link application steps with the details concerning the enterprise. If a member state upon approval issues an EORI number to the applicant, this guarantees that the applicant will abide by custom provisions. Such a number will also prevent encountering obstacles or penalties when carrying out trade activities.
Table Of Content:
What is an EORI Registration?
Who Needs an EORI Registration in 2024?
How to Apply for an EORI Registration?
What Information You’ll Need for EORI Registration?
Frequently Asked Questions About EORI Registration?
Conclusion
What is an EORI Registration?
Businesses operating customs within the European Union (EU) are required to have a unique identifier known as an EORI (Economic Operators Registration and Identification) number. This required identification is crucial for businesses inAn EORI Registration: What Is It? Any operations related to transit, importing, or exporting within EU customs jurisdiction.
Purpose and Necessity
Categorizing shipments and managing them is something that can be done properly with the help of an EORI number for the customs officials. Any business wanting to engage in the importation or exportation of goods for instance within the confines of the EU States must possess it even if employing a third party for customs clearance. Firms can do the following with such identification:
- Conduct customs procedures smoothly
- Communicate effectively with customs authorities
- Reclaim import VAT where applicable
Structure and Validity
An EORI number consists of two parts: an alphanumeric identifier of up to 15 characters and a two-letter code for the EU member state that issued the number. An EORI number remains valid for as long as your business is operating until the business closes or no longer requires customs clearance.
Obtaining an EORI Number
The EORI number consists of an alphanumeric identity of maximum 15 characters and the country code of the EU member state that provided the number, which is composed of two letters.If all necessary information is correctly submitted, the application procedure can be completed online without cost and can be processed in a few days.
Who Needs an EORI Registration in 2024?
By 2024, several organizations will need an Economic Operators Registration and Identification (EORI) number to conduct cross-border activities within the EU and the UK. Any economic operator established in the EU customs territory is required by EU customs law to have an EORI number to facilitate customs clearance for import, export and transit.
EU-based Businesses
Companies based in EU member states must obtain an EORI number from their national customs authority. This applies to businesses involved in:
- Importing or exporting goods
- Filing customs declarations
- Applying for customs decisions
Non-EU Businesses
Companies that are not based in the EU that participate in customs-related operations, such as filing declarations or serving as carriers, must also register for an EORI number. The EU member state where these firms want to conduct their first customs operation is where they should register.
UK-specific Requirements
An EORI number is necessary for companies that transport goods from the United Kingdom to other nations, notably the European Union. Movements between the Channel Islands or Northern Ireland are covered by this provision. However, unless they use HMRC’s customs procedures, enterprises situated in the Channel Islands that move products to or from the UK often do not require an EORI number.
Individuals and Other Entities
An EORI number may occasionally be required for those making imports or exports connected to their business. To facilitate their operations within the EU customs system, customs agents, brokers, and companies claiming customs relief or exemptions must also register for an EORI..
How to Apply for an EORI Registration
Online Application Process
To obtain an EORI number, you must apply through the customs authorities of the EU member state where your company will first conduct customs operations. The application process is typically completed online and free of charge. It’s crucial to initiate this process well in advance of your intended shipping date, as processing can take several days.
Required Documentation
When applying for an EORI number, be prepared to provide essential business information. This may include your company’s registration details, tax identification number, and proof of establishment in the EU. Economic operators not established in the EU must also register for customs activities like declarations or acting as carrier.
EORI Number Format and Validity
Your EORI number will be issued in two parts: a unique identity of up to 15 alphanumeric characters, and the two-letter country code of the issuing member state. This number doesn’t need to be renewed and is good for the duration of your company. On request, or if business operations are discontinued, it may be nullified. Recall that EORI data is kept on file for ten years following invalidation.
Verification and Usage
After receiving your EORI number, you can verify it through the EORI validation open interface, provided you’ve authorized the publication of your information. This unique identifier is essential for all customs operations, including import, export, and transit within the EU, streamlining processes and enhancing security measures.
What Information You’ll Need for EORI Registration
Personal and Business Details
The first step in the EORI registration procedure is to compile the necessary company and personal data. This contains your complete legal name, business name, address, and phone number. If you are a business, you will also require your VAT identification number and company registration number. The European Commission states that the EORI number is made up of a unique identity consisting of up to 15 alphanumeric characters, followed by a 2-letter country code.
Customs-Related Information
You’ll need to specify the nature of your economic activities, particularly those related to customs operations. This may include details about your import/export activities, the types of goods you deal with, and your role in the supply chain. Be prepared to provide information about your previous customs activities, if any.
Documentation Requirements
Gather all necessary supporting documents, which may vary depending on your country of registration. These typically include:
- Proof of identity (passport or national ID card)
- Business registration documents
- Tax identification documents
All EORI Numbers issued in the European Union after February 1, 2024, have to be associated with a working postcode. Make sure your postcode is accurate and current before beginning the registration process.
Registration Method
Choose whether to apply online or via a traditional paper application, as the process may differ depending on the country. If you choose to register online, make sure you have digital copies of your documentation. Non-EU citizens ought to find out if any further paperwork is needed for their application.
Frequently Asked Questions About EORI Registration
What is an EORI number and why do I need one?
Customs authorities use Economic Operator Registration Identification (EORI) numbers to track and record EU or UK customs information. These numbers are unique identifiers. Businesses engaged in international trade use EORI numbers to facilitate international trade and streamline customs procedures. Whether you are importing goods into the country or exporting them, it is important to have an EORI number.
How do I apply for an EORI number?
In the UK, you will need to submit an application for an EORI number together with your complete name, contact information, VAT details, and any other pertinent information regarding your commercial activity. The online application can be finished in ten to fifteen minutes on average. Businesses in the EU may apply via the EU Commission website. While utilizing a service provider may result in an administrative fee, the process itself is free.
Can I have multiple EORI numbers?
Even if you have several VAT numbers across the EU, you are only allowed to have one EORI number per country. However, if you have established bases in different countries and are importing/exporting from those locations, you could require multiple EORI numbers. For example, to trade with Northern Ireland, UK enterprises might require both an XI and a GB EORI number.
Conclusion
Getting an EORI registration is still an essential step for your firm in 2024 as you manage the challenges of working with foreign companies. Ensuring smooth and compliant cross-border transactions involves following the prescribed procedure and staying updated on any regulatory changes. It’s crucial to remember that while the registration process is straightforward, it has significant implications for your business. Carefully consider how your EORI number integrates into your overall trade strategy. Possessing this vital identifier puts you in a strong position to expand your global presence and capitalize on new opportunities in the constantly evolving realm of international trade. Reach out info@webicssolution.com.
