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EORI Registration in China

EORI Registration in China

Updated on Tuesday 04th February 2020

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China is an important business center that provides a large number of business opportunities for a wide range of local and international investors. The trading activities of Chinese companies with European countries are subject to specific regulations, among which, we mention the importance of the EORI number or the Economic Operators and Registration Identification code. One of our Chinese lawyers can give full support for EORI registration and can explain you the rights involved. They can also help you start a business in China.
 

Short facts about EORI

 
The EORI number was implemented in July 2009 by the European Commission for a better and fast control of the customs activities within the territory of EU, alongside extra security and modernization. This kind of number is assigned to any company with trading activities in EU and it is formed of the VAT number, the country’s code and other digits. This is the proper way to verify a company and its operations by the customs authorities and administration of the country in which the goods need to enter or exist. An EORI number assigned to a company in China is needed for:
 
  • submitting the Entry Summary Declaration and lodging the Exit Summary Declaration;
  • acting as a carrier for the transport of products by sea, air or land within the territory of EU;
  • filing customs declarations with the entitled EU authorities;
  • filing storage declarations of you have such operations within the EU territory.
 
With an EORI number, companies can receive notifications and can verify information about any legislation modifications imposed by the customs authorities of the EU countries. You can benefit from comprehensive assistance and legal advice when registering the EORI number from our attorneys in China. They can also help you open a WFOE in China, register a trademark or obtain the business licenses.
 

How can I obtain an EORI number in China?

 
Businesses in China can register for EORI if they intend to develop trading activities within the EU territory. One must make an EORI application with the customs authorities of the country he or she wishes to develop the trading activities. The company’s documents plus personal identification documents are needed at the time the EORI registration starts. If the application is correct and accepted by the authorities, the EORI number will be issued, mentioning that the EU customs will work closely with the ones in China. Even if the EORI registration is subject to simple and fast formalities, it is recommended to have the support of an experienced team of lawyers in China.
 

Is the EORI number the same thing with the VAT number?

 
No, the EORI and the VAT are two different things. The VAT number is assigned to companies subject to taxation in China and particularly to the value added tax. This is an important step in starting a business in China, and that is to register for tax purposes. The VAT number is issued after the incorporation of a company in China. As for the EORI number, this is obtained by Chinese companies wanting to develop trading operations within the EU countries. For VAT registration and for EORI application, you can talk to our Chinese lawyers.
 

Can an EORI number be canceled?

 
Yes, if your company no longer activates on the Chinese market, or if it is bankrupt or closed, the EORI number can be annulled. Being an unique number, EORI can be re-assigned if the company gets back on track and re-starts the operations in China and abroad. The formalities of canceling or regaining the EORI are not complex, but one should solicit the legal advice and assistance of a lawyer in China.
 

EU and China – trading statistics

 
China is a solid partner to numerous European countries in terms of import and export. For example, the EU exports to China in 2018 reached around EUR 210 billion. Raw materials, chemicals, vehicles, manufactured goods, food and drink take the EU road to China, summing up billions of dollars each year. The following numbers and facts offered by the European Commission highlight the trading sector of China:
 
  1. In 2018, the most traded products between China and EU countries were the telecommunication equipment and the processing machines.
  2. In 2018, the Netherlands imported goods to China worth around EUR 85,280 million.
  3. In terms of exports to China, Germany is the main partner, with products worth approximately EUR 93,715 million.
  4. Motor cars and vehicles worth around EUR 781 billion were traded between China and EU counties in 2018.
 
If you would like to know more about how to obtain the EORI number, feel free to contact our law firm in China.