Philippines is among the fastest growing economies in Asia. Going through tech revolution foreign and local investments are finding its way in the country. Resulting in more technology coming in the country. Thus, resulting in an increased demand in Importer of Record Service in Philippines.
IT companies are investing more in building infrastructure and bringing in more technology in the country. With an increase in demand of cellular and tech services many investors are seeing Philippines as an investor’s heaven. Import regulations and trade compliance is very sophisticated in Philippines. Suppliers shipping IT and Telecom goods are not aware of it, that is why they seek professional help from certified importers in Philippines.
There are several import requirements that are required to be fulfilled when importing into Philippines. NTC permit, commercial invoice and certificate of origin are some of the mandatory requirements for all IT and Tech related imports. All these trade compliance requirements have made Importer Of Record service in Philippines very sophisticated. Making it nearly impossible to import without any expert IOR service provider.
Compliance requirement for Importer of record in Philippines
NTC permit
National Telecommunication Commission is a government regulated authority which is responsible for regulating all the networking and communication technology coming into the country. An importer of record should apply for the NTC permit prior to import listing all the details of equipment being imported. RCE (Radio Communication Equipment) and equipment with wireless functions falls under NTC regulation i.e Wi-Fi and Bluetooth devices.
OMB Permit
National Optic Media Board regulates the equipment associated with optical communication and magnetic storage devices. National Trade Repository allow both local and foreign importers to import equipment with optical communication as well as magnetic storage devices under OMB license.
Commercial Invoice
Among other mandatory documents, commercial invoice is one of the basic and mandatory documents that is needed for import. A detailed commercial invoice listing all the equipment and their description should be submitted to Philippines customs to initiate the import process.
Certificate Of Origin
A document consisting of details regarding the origin of the equipment is also a mandatory requirement for Importer Of Record in Philippines. Although there is not trade embargo on the country but this is a mandatory requirement that is to be fulfilled to complete the import process.
Other Import Formalities
Advance Tax Certificate: IOR provider in Philippines should submit Advance Tax Certificate to customs authorities proving that IOR is an active taxpayer.
Survey Report: Port survey report mean that imported goods has gone through inspection before getting onboard.
Images Of Products: The equipment should be photographed from all dimensions and these must be submitted before initiating the import process.
How AGOL Worldwide Inc can help you as Importer Of Record In Philippines
As discussed above the list of documents is quite lengthy and none of them can be skipped. All import permits are mandatory and must be submitted in prior to initiating the import process. We at AGOL Worldwide Inc has developed a streamlined import process in Philippines to accommodate our international customers. Our seamless service is fully customized for each customer as per their specific needs. Through our years of experience, we have gained sufficient knowledge on trade compliance in Philippines. Our quotes are 99.9% accurate with no hidden charges. We guarantee 24/7 support throughout the import process. Our dedicated IOR professional ensure that your goods are cleared from customs in first attempt and are booked for final delivery.
Have a shipment ready for Philippines? Consult our IOR Professional for expert advice.
