Global trade is shifting towards a digital age and tech companies across the globe want to get their tech around the world as fast as possible. That is when an importer of the record comes in handy who takes the full responsibility of moving, clearing, and delivering the goods. So, what is an importer of record? Who needs an importer of record and why an importer of record is handy for tech companies. Here we will go through each aspect in detail to bring awareness about this service and how AGOL IOR is making a difference.
IOR or Importer of the record is a company or individual responsible for fulfilling all the legal and paperwork during an importation process. Along with importing the goods on its name, the importer of record is also responsible for paying all the duties and taxes applicable to the goods. Further to this IOR also make sure the goods are correctly recorded and accepted in the record of local customs authorities.
An importer of record is a significantly important aspect of the logistic operation of a company. Through IOR, companies can import goods in countries where they do not have a legal or import entity. Companies with limited global access often let down a business opportunity just because they do not have a legal import entity in that country. That is where an importer of the record comes into play and empowers your business by extending your global reach.
Why do you need an importer of Record?
Every country has its own rules and tax regulations when it comes to imports. That is why expanding business on a global scale is a bit of a risky endeavor. Some countries have banned a specific range of IT and telecom equipment. While others ask you to import them with special permits and approvals from government authorities. Similarly in some countries, the import process is so much longer for a foreign importer that they give up the idea of expanding the business beyond borders.
For IT and Telecom companies, the global distribution of their goods can become an overwhelming experience. As their core competency is to manufacture the products they find it hard to get it delivered to their customers sitting on the other side of the world.
All these aspects lead to acquiring the services of a global Importer of record who is capable of delivering your goods to every corner of the world. Let us review what services you can get from an importer of record?
Legal Import entity
An importer of record is an organization with a legal import license to import goods in their name. An IOR will provide you with the name of a local importer entity for you to consign your shipping documents.
Special Permits and requirements
An IOR company will also help prepare any permits that are needed to get your goods imported into that country. The IOR will complete all the permits requirements to get the import requirements fulfilled. The IOR service provider makes sure that all the imports are as per the legal regulations and must not violate any local import rule.
Handling Paperwork
The IOR provider makes sure that the import of your goods is done in accordance with the local customs rules. That is why they take full responsibility for handling all the paperwork as well as the customs procedures. An IOR provider also makes sure that all the documents are reflecting the correct information of the goods that are being imported.
Doorstep Delivery
Companies who sell their goods globally look forward to a solution where they don’t need to worry about any step of their logistic operation. The IOR company will also get your goods delivered to the doorstep. Specifically, Tech and IT companies acquire IOR services to get their goods delivered to remote data centers and data warehouses.
Real-Time Tracking and 24/7 customer service
An IOR provider also makes sure that you get to know about your shipment at every single step of the import process. In a competitive market, good customer service defines the best IOR provider. In addition to managing the import process, the IOR provider also keeps you updated with every single step of the process. When choosing an Importer of record a good customer service is what makes it distinguished from its competitors.
Why choose AGOL as your global IOR Provider?
At AGOL we strive to provide you with the best and most competitive service. We have a global reputation for managing high-tech IT and telecom shipments in more than 60 countries. We have a partner network that expands up to 100 countries where we take full responsibility for doing doorstep deliveries. With our 10 years of exclusive experience in the IOR sector, we are well aware of the global trade compliance for the tech industry.
