What is IOR/EOR?
- IOR (Importer of Record) 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.
- EOR (Exporter of Record) is the entity, which is legally responsible for compliance to regulations when exporting goods.
The IOR/EOR entity ensures that all import regulations are met, and all necessary documentation is correctly filed locally under proper regulation and with correct authorities departments.
Why IOR/EOR Service Essential?
- Legal Compliance: Both IOR and EOR ensure compliance with the laws and regulations of the countries involved in the transaction, which helps avoid legal issues and penalties. While an overseas partner has little knowledge of local requirements, this might cause frustration in communication of international trade.
- Efficiency: Having clear IOR and EOR responsibilities streamlines the import and export processes, reducing delays and disruptions. A local team playing local rule can save more time than a newbie in the new foreign market.
- Risk Management: Proper handling of IOR and EOR responsibilities helps manage and mitigate risks associated with international trade, including customs delays, fines, and seizure of goods.
Our IOR/EOR Service
- Paying duty/taxes upon importation.
- Filing specific declarations with various government agencies upon importation or exportation.
- Obtaining any licensing, certification and authorizations to import or export if required for a commodity. In many cases, before shipment, they move to the destination country location.
- Immediately handling and arranging with local customs if any spot check requires face to face explanation.
- Giving multiple solutions to make sure our client has the most suitable choice with their plan.
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/EOR.
Why Choose KOR-PLUS?
KOR-PLUS offers world-class level but most localized logistics solutions for IT Equipments & Technology, Medical & Aerospace Goods Projects in South East Asia region, no matter what size, complexity, or exceptional constraints the project demands – including building or moving a Data Center or white glove services of essential machine parts, and year-round RMA arrangement etc. By their very nature, IT Equipment & Technology, Medical & Aerospace Goods can involve high values, fragile and delicate materials handling. KOR-PLUS has been using its recognized experience and expertise in this area with customers for years.
It’s hard to overstate how important the role of customs brokerage is. Any mistake will halt the logistics chain and cause delay & storage charges. Our specialists are there to ensure your supply chain is in good hands.
Also, if you face difficulty with the payment from local to overseas, like money transfers out of certain countries, you might need plenty of declarations and complicated explanations to the authority and bank. We can provide you with monetary overseas transmitting advice and services.
Our Expertise in 16 Countries
KOR-PLUS provides professional IOR & EOR services for IT equipment, technology hardware and goods, medical devices & medicinal materials for medical trials, aircraft & aerospace maintenance parts & tools in 16 countries in South East & North East Asia.
South East & North East Asia region, in which we serve 16 countries with each very different import & export compliance system, KOR-PLUS built our own local teams in each country with first-hand experience and knowledge in dealing with each country’s system to solve the IOR/EOR complexities for the clients.
KOR-PLUS is especially capable in dealing with international shipments and complex regulatory environments. We have the expertise and resources to handle the compliance, documentation, and procedural requirements effectively. This is one of the key reasons why we provide IOR service and EOR service.
If your shipment is still struggling in any countries that we serve, do not hesitate to contact KOR-PLUS. We are here to support you and your business.