Importing goods from non eu countries

moneymad

Hi their i'm looking to start a small buisness and i'm wondering could somone help me in the following .

How would i go about importing goods to be sold here in ireland from abroad(non-eu )?

The goods would contain alcohol,food, toys etc.

I would be very greatfull for any help.

Thanks alot.

is_that_so

Can't help you on mechanics of it but do suggest in your research that you go www.revenue.ie and read up on VAT and excise information there. You will probably need to know about it. Revenue will also send you a complete VAT guide if you call them. Good luck

moneymad

Hi their.

Thanks for your help.

In genearal is it very hard to import goods like these as my buisness is going to be really small and has little funds.
Thank you.

Have you any advice on this matter?
Or experiences.

is_that_so

No experience unfortunately, most of my knowledge is from research I did on an business idea, but it didn't involve import. Only thing I did realise is that you need to be looking at probably 1 year plus before you start to make money.
Have a look at this site. I found it useful. You may get some contacts and info there.

http://www.startingabusinessinireland.com/assistance.htm

I am sure there are other people on forums who are better qualified to offer advice.

moneymad

I'm sure my buisness will take off.
But i suppose thats what they all say.

Thanks alot again.
www.revenue.ie is a huge site.
I'll be their many hours.
Cya

is_that_so

moneymad wrote:

I'm sure my buisness will take off.
But i suppose thats what they all say.

Thanks alot again.
www.revenue.ie is a huge site.
I'll be their many hours.
Cya

There is a link for Business down the left side

Oryx

Far as I know Vat and duty must be at point of entry, ie up front. So if youre cash strapped bear that in mind, no 30 day credit from Mr Collector General!

Victor

KatieK wrote:

Far as I know Vat and duty must be at point of entry, ie up front. So if youre cash strapped bear that in mind, no 30 day credit from Mr Collector General!

You can use bonded warehouses for the booze and you can average 30 days credit because most taxes are only collected every two months (I don't know if this applies to excise duty).

moneymad (unfortunate name), with food and drink you probably need product liability insurance.

antoinolachtnai

All of what Victor says is right. You have to pay a fee for the bonded warehouse as well of course. I think excise duty is due on landing, or as soon as you take it out of the bond.

Duty and VAT is a very large component of the retail price of booze products.

If the goods are coming from outside the EU, you will probably need to become familiar with food regulations and labelling regulations. I suppose the Food Safety Authority could help you with this, I don't know an awful lot about it myself.

Managing the stock and cashflow is critical in this sort of business.