With various trade restrictions and free trade agreements, the UK has become a particular pain point for many companies doing business in this region. The onset of Brexit, with the removal of the UK from the European Union, meant that there is no longer free trade between the EU and UK, even with its borderless neighbor, Ireland. EU companies must now navigate a complex UK import system, while those UK companies exporting to the EU are now required to acquire export licenses.
Meanwhile, the UK has signed on to other free trade agreements that have opened up the potential for the UK to expand its marketplace with non-EU countries. The UK has also implemented a high VAT rate of 20% on goods.
UK businesses need export licenses when shipping, these include the OGEL, SIEL and OIEL. You can check if your goods require a license using the UK government’s export control checker. However, you will most likely need a license if your goods are classified as:
TecEx mitigates trade barriers and can make exporting from UK businesses a breeze, even post-Brexit.
The Falkland Islands, Bermuda, Anguilla, Gibraltar and other British overseas territories also link the UK to other pars of the world particularly from a trade perspective.
*Most tech gear is classified as dual-use!