Customs and fiscal representation
Doing business in the EU can be complex. To make sure your business will not suffer from any issues concerning customs, you can rely on TCL.
TCL still has its dedicated in house customs department. They are experienced in the complex regulations and formalities and know the details of EU customs.
TCL can operate as your fiscal representative. This means that we – as a tax-registered company – can act as your company’s local representative. You can benefit from the same VAT (Value Added Tax) advantages as those enjoyed by EU companies.
No VAT pre financing
One of the most important advantages of fiscal representation is that you will have full VAT compliance and participate in EU VAT-deferral schemes. Your cargo, for any EU destination, will be cleared through customs by TCL upon arrival in Antwerp. This means you do not have to pre-finance local VAT, representing an average of 20% of the CIF-value for most of the commodities.
VAT-deferral is a unique service we can offer as a Belgian company.
The system of VAT-deferral is possible for all goods that are transferred immediately to their destination, but also for goods that are temporarily stored in our bonded warehouses.
Easy set-up as a non-eu company
When we act as your fiscal representation, you will not have to create a legal entity in the EU. This makes your set-up as a non-EU-company very easy. After import formalities with fiscal representation, your transactions will be treated as any normal transaction between parties in the EU.
Avoid intricate formalities and endless bureaucracy, language issues or the risk of high penalties of Tax authorities. TCL takes care of everything, no language issues. You can concentrate on your core business: selling your products. TCL will take care of correct declaration and all necessary formalities (including Intrastat declaration).
At the centre of the EU
The port of Antwerp has a unique inland position and offers the perfect gateway to all countries in Europe. Did you know 60% of the European buying power is located in a range of 500 km from Antwerp? This makes our port attractive with major importers to position their European distribution centre.