Preparing for importing | Supporting importers | RBS

Preparing for importing

What to think about before importing

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New customers

To discuss your unique banking needs, please call SolutionsLine on:

0345 303 0077 
Text Relay 18001 0800 210 0235
Mon to Fri 8am-5.30pm (excl. public holidays)
Calls may be recorded.

Existing customers

Please contact your relationship manager.

Successful importing needs preparation, contingency plans and a thorough understanding of both the markets you’re operating in and the companies you’re doing business with.

Do your market research

You should carry out exhaustive research on the best suppliers to provide what you need. You’ll need to think about:

  • Products – who can supply the products best suited to your needs?
  • Legality – do they comply with domestic regulations and those of the destination country?
  • Reliability – can they supply the goods consistently?
  • Working practices – are they operating ethically? Their reputation will be linked to you own.
  • Price – taking all of this into account are you getting the best deal?

You’ll also need a good grasp of the supplier’s country. Understanding the politics, economy, culture and business environment can help you prepare for all eventualities and avoid expensive mistakes. 

Understand your costs

You need to have complete clarity of all of your costs when importing. The goods may be cheaper, but make sure you factor in all costs before you go ahead, so you’re getting the full picture. Think about:

  • Import duties.
  • Transportation.
  • Inspection charges.
  • Storage.
  • Agent fees.
Add your signposting title here… Use all of the help available

Organisations like The Department for International Trade and The British Chambers of Commerce provide a wealth of information and support for UK businesses looking to import. Specifics on rules, regulations and customs will help you prepare for your importing experience.

Get in touch

New customers

To discuss your unique banking needs, please call SolutionsLine on:

0345 303 0077 
Text Relay 18001 0800 210 0235
Mon to Fri 9am-5.30pm (excl. public holidays)
Calls may be recorded.

Existing customers

Please contact your relationship manager.

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