How to start an import business in the UK

• Cash flow challenge: I want to start importing products, but I’m unsure how to set up the business properly and manage the upfront costs before sales come in.

• Perfect for: Entrepreneurs and small businesses looking to import goods into the UK for resale.

Novuna helps import businesses manage the costs of purchasing stock overseas and waiting for it to arrive. We compare supply chain finance providers and funding options to keep your cash flow steady while you grow.

Compare providers now Speak to an expert

Step 1: Register your business

Set up as a sole trader, partnership, or limited company. Register for VAT if your turnover will exceed the threshold or if you plan to import goods regularly.

Step 2: Apply for an EORI number

You’ll need an Economic Operator Registration and Identification (EORI) number to import goods into the UK. This identifies your business for customs purposes.

Step 3: Understand import duties and VAT

Imports may be subject to customs duties and VAT, depending on the type of goods and where they come from. Factor these costs into your pricing and cash flow planning.

Step 4: Choose suppliers and shipping methods

Research reliable overseas suppliers and decide how you’ll transport goods (air freight, sea freight, courier). Balance speed and cost carefully to suit your business model.

Step 5: Arrange customs clearance

Either handle customs paperwork yourself or work with a freight forwarder or customs agent to avoid delays. Make sure you know what documents are needed for your type of goods.

Step 6: Manage cash flow for imports

Importing ties up cash before you’ve sold any products. Consider supply chain finance tools such as trade finance or purchase order finance [insert link] to bridge the gap between paying suppliers and receiving sales income.

Compare providers now Speak to an expert

Common challenges for UK import businesses

• Upfront supplier payments while waiting weeks for delivery

• Currency fluctuations that can change costs unexpectedly

• Customs delays leading to stock shortages

• Storage and logistics expenses that add pressure to margins

Planning ahead and having flexible finance in place can help manage these risks.

How Novuna Business Cash Flow helps

Novuna works with import businesses to cover upfront costs, manage seasonal demand, and smooth the gap between shipping and selling. Whether you’re starting small or importing at scale, we provide tailored funding to support your business.