If you’re planning to trade in 2024 and need an EORI number in Malta, this guide explains everything you need to know. An EORI (Economic Operators Registration and Identification) number, much like a VAT number, is crucial for businesses trading across the EU and ensures smooth interaction with customs authorities.
What is an EORI Number?
The EORI in Malta is a unique identification number assigned by the Malta Customs Authority to businesses or individuals dealing with customs. Once you obtain this number, it’s valid throughout the entire European Union, making trade with other EU countries simpler. After receiving an EORI number, the Maltese authorities inform the European Commission, storing your details in a secure database accessible by other EU countries, but only with your consent.
Do You Need an EORI Number in Malta?
An EORI number in Malta is necessary if your business deals with customs procedures when trading with EU countries. However, if your company operates only within Malta or trades outside the EU, you typically won’t need one. It’s essential for businesses engaged in cross-border trade within the EU to apply for an EORI number to comply with customs regulations.
2024 Updates for EORI Registration in Malta
Starting on February 1st, 2024, any EORI number in Malta that does not include a valid postcode will be invalid in systems like the NCTS (New Computerized Transit System) and AES (Automated Export System). This change means businesses involved in transit or export operations must update their registration to include a valid postcode, or risk delays in shipments until the necessary updates are made.
Who Should Apply for an EORI Number in Malta?
Both individuals and businesses trading with EU countries are required to apply for an EORI in Malta. You must first obtain a VAT number before you can register for an EORI number. Even non-EU companies can apply for an EORI number if their first customs interaction occurs in Malta.
Structure of the EORI in Malta
The EORI number in Malta always starts with the country code “MT.” Typically, this number will be the same as your VAT number, though there are exceptions. When making customs declarations, businesses need to include their EORI number (starting with MT) on all relevant customs documents.
How to Register for an EORI in Malta (2024)
To apply for an EORI in Malta in 2024, businesses must submit the following documents to the Customs House in Valletta:
- A VAT certificate
- An MFSA (Malta Financial Services Authority) certificate
- A copy of the director’s identification document
For foreign companies, additional paperwork, such as a customs declaration, may be required following EU regulations.
Advantages of Having an EORI Number in Malta
An EORI number in Malta simplifies business operations and reduces the time spent on customs procedures. Here’s what an EORI number allows you to do:
- Submit customs declarations to authorities in Malta or other EU countries.
- File entry and exit declarations for temporary imports.
- Manage temporary storage of goods in EU countries.
- Apply for special authorizations, such as an Authorized Economic Operator (AEO) certificate.
Businesses must apply for an EORI number the first time they export goods to an EU country. Once registered, the number can be used for all future exports within the EU.
Foreign Traders
Foreign companies or individuals planning to trade with Maltese businesses must also apply for an EORI. Individuals need to submit identification documents, while companies must provide their VAT and registration certificates.
For foreign traders, the EORI number issued will begin with “MT” (for Malta), followed by their own country code and the number assigned by Maltese Customs.
How Long Does It Take to Get It?
If all required documents are in order, it usually takes about 4 to 5 working days to obtain an EORI for local businesses and individuals. For foreign operators, the process may take slightly longer.
Registering for VAT iN Malta
Before applying for an EORI number, it’s essential to first register for VAT. The EORI registration depends on having a valid VAT number, so both individuals and businesses must ensure they are VAT-registered before starting the EORI application process.
An EORI number is essential for businesses trading with the EU
Obtaining an EORI number in Malta is crucial for businesses planning to trade with other EU countries. The process is straightforward, and the number, once issued, is valid throughout the EU. Just remember to ensure your VAT registration is complete and keep your details, such as your postcode, up to date for 2024 compliance.
