Exporters also have to ensure that the goods they are shipping meet all the legal requirements in the destination country. These can include the need for import licenses, if the goods meet local product safety standards, labelling requirements and marketing standards. The conditions of delivery, and details on who will handle overseas tariffs and custom duties should be handled in an export contract. UK based exporters should keep in mind that enforcing contracts outside the Eurozone can be difficult, so it is essential to hand matters like customs clearance and final payments well in advance of shipping.

As with exporting, the importation of certain goods into the UK are also limited by licensing requirements or even banned outright. Importers should ensure that their goods conform to UK standards of safety, labelling, and so on. Importers are responsible for UK customs clearance, import duties and VAT on the goods they import. Keep in mind that customs duty rates vary by the type of product imported and the country of origin. In many cases it is easier to employ the services of import agent or freight forwarder to handle such details. It pays to be thorough with paperwork in the import/export business - exporting or importing controlled goods without a right licence is a criminal offence, carrying severe penalties. For some goods, even importing or exporting samples for an exhibition or trade-show still require a license.

Our agents at BA Global Associates Ltd. can help you set up a UK based export/import company in a short amount of a time. We are here to guide you through all the paperwork and documentation needed to register your import/export business as an official UK registered company. Our London based accountants can also handle any tax return filings as well as deal with annual accounts. As with any other business, an importing or exporting company established in the United Kingdom is subject to taxes, employment laws and so on - BA Global Associates Ltd. can help you deal with these regulations, leaving you free to run your business without worrying about the administrative duties.