The importer of record (IOR) is the entity which is legally responsible for compliance to regulations and payment of duties and taxes when importing goods. The IOR can, in fact, be the purchaser of the products or a local organization providing the service of importing on behalf of others.
Similarly, the exporter of record (EOR) is the entity liable towards local authorities during the export process.
We at Flash Global, through our extensive network, can provide IOR and EOR services to customers who do not have a legal entity in the countries where they need to establish an after sales program.
IOR/EOR Service includes:
Paying duty/taxes upon importation.
Filing specific declarations with various government agencies upon importation or exportation.
Obtaining any licensing, certification and authorizations to export if required for a commodity; in many cases before exportation to the destination country location.
These essential IOR/EOR requirements are some of the keys to ensuring fast, smooth and reliable importing and exporting worldwide.
While most companies export or import products to a specific business entity when selling or buying a product, supporting warranty replacement and other emergency stock programs in various global destinations can be difficult without a sales party to act as IOR.
These services enable our customers to export warranty or replacement inventory to countries where they do not have an established legal entity. Flash Global’s extensive network of forward distribution locations throughout the world enables our customers to deliver warranty/replacement stock to end-users quickly and seamlessly.
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