What it is: Unique ID for businesses importing/exporting goods in/out of the EU.
EORI number: TL;DR
Why you need it: Faster customs clearance, compliance, access to online services.
Who needs it: EU businesses importing/exporting,
non-EU businesses with EU customs activities, some individuals/sole traders.
How to get it: Apply through national customs authority website.
Benefits: Streamlines trade, helps EU security and regulation.
Key takeaway: Crucial for smooth international trade within the EU.
An EORI (Economic Operators Registration and Identification) number is a unique identifier, mandatory for businesses within the European Union (EU) engaged in importing or exporting goods from or to non-EU countries. This number is crucial for customs declarations and interactions with customs authorities, streamlining the process of moving goods across international borders. Let’s delve deeper into what an EORI number is, its importance, and who needs to obtain one.
Understanding EORI Numbers
The EORI system was introduced by the EU to help customs authorities monitor and regulate the movement of goods. An EORI number is used to collect statistics and ensure security by keeping a record of who is importing or exporting goods. This system is integral to the EU’s customs strategy, aiming to facilitate legitimate trade while ensuring the security of its external borders.
Who Needs an EORI Number?
- Businesses within the EU: Any business established in the EU that is involved in importing or exporting goods to or from non-EU countries needs an EORI number. This includes not only the movement of goods for sale but also for business assets that may be transported across borders, such as equipment for trade fairs or exhibitions.
- Non-EU Businesses: Companies not based in the EU but engaged in customs activities within the EU also need to apply for an EORI number. This is often the case for non-EU companies that store goods in an EU country for distribution within the single market.
- Individuals and Sole Traders: In some cases, individuals or sole traders involved in international trade activities might require an EORI number, especially if they are regularly involved in importing or exporting goods as part of their business operations.
Why is it Important?
The EORI number is not just another bureaucratic requirement; it plays a critical role in the international trade ecosystem by:
- Facilitating Faster Customs Clearance: Having an EORI number allows for the quicker processing of customs declarations, reducing delays at borders.
- Compliance: Possessing an EORI number is a legal requirement for businesses involved in international trade with the EU. Failure to have one can result in delays, fines, and increased scrutiny from customs authorities.
- Access to Customs Services: Many EU member states require an EORI number to access electronic customs services, which can simplify and expedite the customs clearance process.
How to Obtain an EORI Number
The process of obtaining an EORI number varies by EU member state. Generally, businesses can apply through the national customs authority’s website in the country where they are established or where they first need to carry out customs activities. The application process is typically straightforward, requiring basic information about the business, such as its legal name, address, and VAT number if applicable.
For businesses engaged in international trade, understanding and obtaining an EORI number is a critical step in ensuring smooth operations and compliance with EU customs regulations. By streamlining the customs clearance process, an EORI number not only supports the efficiency of trade but also contributes to the security and regulation of goods entering and leaving the EU. As global trade continues to evolve, the role of such regulatory measures will only grow in importance, making compliance a key priority for businesses worldwide.
