What is an Importer of Record (IOR)?
An Importer of Record (IOR) is a third-party service provider that takes on the responsibility of ensuring compliance with all import regulations and documentation requirements. They act as the official importer of goods, making it easier for businesses to navigate the complexities of international trade. An IOR can be an individual or a company that is registered with customs authorities in the country of import. They are responsible for ensuring that all necessary documentation is in order, including import licenses, permits, and certificates of origin. They also handle customs clearance and payment of tariffs and taxes on behalf of the importer.