DigiKey declared that, with effect from May 1, 2024, it has been registered as an Importer of Record (IOR) in Japan, having fulfilled the procedures mandated by the Japanese government.
As an Importer of Record (IOR), DigiKey is in charge of making sure imported products abide by Japanese local regulations, saving Japanese clients from having to pass customs and pay tariffs and consumption tax.
Additionally, the updated IOR status offers Japanese clients conformity with the government’s Qualified Invoice System (QIS), which went into effect in October of last year. Customers can issue local invoices that meet the requirements, including ones with QIS registration numbers.
DigiKey is registered as an Importer of Record (IOR) in Japan, effective May 1, 2024, after successfully completing the steps required by the Japanese government. DigiKey team members in Japan gathered to mark the occasion.
“As the company’s first overseas expansion, DigiKey has had a long-standing, proud relationship with Japanese suppliers and customers since launching the DigiKey Japan website and support operations in 2002,” said Dave Doherty, president of DigiKey. “Our goal in becoming an IOR is to make it even easier for customers to access our industry-best breadth of products to support their design and procurement needs.”
“DigiKey has been investing in the IOR business model conversion and compliance of our invoice system since DigiKey Japan became an official business entity as Digi-Key Electronics G.K. in 2022,” said Tony Ng, vice president of APAC for DigiKey. “DigiKey continues to grow and optimize our localization in Japan, with a focused understanding of the market needs and how they contribute to our business growth.”
Since the company’s initial venturing into foreign markets, DigiKey has undergone tremendous transformations. After more than 20 years of devoted service, DigiKey has established a strong reputation with Japanese clients and helped hundreds of suppliers achieve worldwide expansion.
Currently, DigiKey Japan serves as more than just a customer support facility. DigiKey Japan is equipped with a wide range of sales, marketing, and technical support capabilities that allow it to better serve regional engineers and purchasing managers and precisely address their individual demands.
For Further Info: DigiKey website.