The abbreviation EORI stands for Economic Operators Registration and Identification, which means a system for the customs movement of goods to register and identify economic operators in the European Union.
What is EORI number and its importance
The abbreviation EORI stands for Economic Operators Registration and Identification, which means a system for the customs movement of goods to register and identify economic operators in the European Union. The system operates in each member state of the European Union and contains customs regulations for the movement of goods between customs territories, i.e. between the countries of the European Community and third countries (i.e. outside the EU). In addition to its primary function of handling the movement of customs goods between the EU and non-EU countries, the EORI system is intended to facilitate
– the application procedure for assigning an EORI number,
– obtaining necessary documentation for importing and exporting goods,
– efficient and faster customs clearance,
– movement of goods between EU and non-EU countries.
In turn, the EORI number is an identifier (identification number), necessary to obtain if an economic operator wishes to export goods to non-EU countries in the future or import also from non-EU countries. Thus, the EORI number is an identifier functioning exclusively for customs purposes and in connection with the implementation of customs laws on the movement of goods within their import and export from and to third countries.
Who must have an EORI number?
The EORI identification number is obligatory for every economic operator who has the seat of economic activity within the European Union and intends to import or export goods. The EORI number should be issued before the entity makes the first purchase or sale to countries outside the European Community. A business entity may be a natural person conducting economic activity, a partnership, a capital company or another entity importing or exporting goods.
However, it should be emphasised that not only a taxpayer conducting business activity within the European Community (who wants to sell or buy goods from third countries) is obliged to obtain an EORI number. Also, a taxpayer conducting business activity in a non-EU country who intends to export or import goods within the European Community will be obliged to register in the EORI system.
EORI number meaning
The EORI number is necessary in order to purchase or sell goods outside the customs territory of the European Union. Moreover, it must be available to entities from outside the European Community who will sell goods to the EU countries or import goods from these countries. The main feature of the EORI number is that it is assigned only once for one economic operator. The economic operator who wants to carry out the first transaction of import or export of goods is obliged to possess the EORI number not later than at the moment of making the first customs transaction.
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