Importing - an overview
Finding the right supplier overseas
Importing directly for the first time can be daunting. So it's important that you devote time to finding exactly the right overseas supplier for your requirements.
One solution is to import indirectly, meaning that you use a third-party company to handle the importation process and you buy the goods from them. The disadvantage of this, however, is that it might not be so profitable and you don't have total control of the process.
If you're going to import directly, look for a supplier with a record of efficiently supplying goods to the UK and with whom there will be no language difficulties. Personal recommendation is always a good route to a reliable supplier but if that's not available you could try consulting any trade or professional organisations your business belongs to.
Such an organisation might also be able to advise you on how to negotiate terms and conditions and which methods of payment are likely to be most beneficial to your business. Alternatively, you could seek legal advice on the appropriate terms and conditions for your business, and consult your bank on payment methods and the associated costs.
National embassies can also be a useful source of help. The commercial section of a country's national embassy may be able to help you find a supplier from their country. Find a list of embassies and high commissions on the Foreign & Commonwealth Office (FCO) website - Opens in a new window.
See our guide on how to manage overseas suppliers.
Subjects covered in this guide
- Introduction
- Planning to import?
- Managing transport
- Your legal responsibilities as an importer
- Importing animals, food, vehicles, medicines and dangerous goods
- Protect your interests when importing
- Financial considerations
- Finding the right supplier overseas
- Here's how I began importing goods from abroad
