Importer Of Record IOR Service in Egypt

Import and export processes involve numerous specific procedures and documentation that must be accurately completed. In this context, the role of an Importer of Record (IOR) is crucial, as it helps to simplify these transactions.

As an IOR service provider, GCE Logistics manages all necessary activities to ensure compliance with regulations related to shipped products to Egypt. With extensive coverage, GCE Logistics serves top-ranked IT and telecommunication brands in Egypt.

The Importer of Record is the responsible party for an importation. The IOR is legally liable for payment of duties, taxes, and fees, as well as ensuring compliance with customs and other government agency regulations regarding their imports. This may be the party buying or receiving the imported goods, or another interested party in the transaction with the right to make entry under customs regulations.

Before the import

Prepare all necessary documentation

Ensure that the
shipment matches standards
and laws of the country

On the way

Arrange delivery and tracking
of the shipment by any transport

There is no need to have representatives
in the country of import

After the delivery

Ensure all the custom’s standards
compliance

Provide all necessary
documentation and arrange
payment of the taxes and
customs

IOR is a customs term for the entity responsible for:

ensuring the imported goods comply with local laws and regulations
filing a completed duty entry and associated documents
paying the assessed import duties and other taxation for those goods

The import regulations are different from country to country and you will not find a definition of the term Importer of Record in the Customs code of the Customs of your country.

The importation of goods carries with it many legal obligations concerning duties, country of origin, and other regulatory matters which are enforced by the Customs. There may be a need for a license to import, an importer number must be established with the Customs, and a bond provided in Customs’ favor to import. The importer, or the importer of record (IOR) will be held liable for all customs-related aspects of the import transaction.

To import your products to any serviced country, you must have a Physical presence in the country. We offer low-cost solutions to companies, that do not have a direct presence in the country where the goods should be imported, GCE Logistics will act as an Importer of Record or Exporter of Record.

What we do as IOR - Importer of Record in Egypt

Do compliance assessment
Act as an importer for customs and taxation declaration purposes at the time of import
Prepare reports to Customs, Tax and other state agencies, be responsible for legal compliance and inventory registry during the term of imports.
Obtain necessary import licenses and permits.
Maintain records for the minimum duration required by the customer and under local Law
Pay all import and export duties and taxes
Provide storage and warehousing service, if required by customer

Customer Benefits:

GCE Logistics will perform a compliance assessment to define import restrictions in Egypt (import licenses, import permits, certification required), the acquisition process and the timeline for permits and certification, customs taxes, duties, and charges.
Simplification of shipments customs clearance – GCE Logistics is a licensed customs broker with highly efficient and experienced staff.
GCE Logistics will provide a legal entity in Egypt to act as an Importer of Record (IOR) – this will save the customer costs of establishing legal entities in Egypt – office and warehouse rent or purchasing, staff salary, salary taxes, and hardship allowances.