EU Deforestation Regulation for
Integrate our transaction-based, real-time EUDR regulation information and risk assessment API with your EUDR Due Diligence system to automatically fetch relevant regulation information for the area of production and risk assessments from leading accounting firms (Big4).
Open an example of"relevant documentation" from the area
of production without a risk assessment.
UPDATE NOV 13, 2024Commission published additional guidance document for EUDR.
Kohtas Marketplace
At Kohtas, we've built a Marketplace where the sellers are
leading accounting (Big4) and legal firms with unparalleled
expertise in global regulations. They curate and update
regulation rules and risk assessments on a daily basis, ensuring
the data we provide is always accurate and up-to-date.
With our unique business model, you only pay when you do
business in the EU, and we take a percentage commission from
each transaction. This approach not only is cost-effective but also allows you to
switch from fixed regulation information costs to variable
costs.
Streamline Your Compliance with
the Kohtas EUDR API
1. Kohtas EUDR Onboarding
Define Goods by HS codes
Specify Business Locations
Provide Business Information
2. Fetch a List of Minimum Relevant Documentation
Based on the HS codes and production areas, our API offer a list of minimum documentation required for EUDR compliance. These documents must be obtained from your supplier or business partner and included in your records.
3. Send transaction details
Submit transaction details, including geolocation data and the required minimum documentation, from your due diligence system.
4. Fetch Risk Assessment with Relevant Legislation Information
Retrieve comprehensive documentation and EUDR Risk Assessments conducted by leading accounting firms (Big4), ensuring compliance with EUDR.
What is the most challenging aspect of the EUDR?
What does "relevant legislation of the country of production" mean?
Relevant commodities and products can only be placed on the
EU market if they are deforestation-free and comply with the
relevant legislation of the country of production, Art. 3
(b), Art. 2 (40) EUDR.
"Relevant legislation" may include, among others, national
laws (including relevant secondary law) and jurisprudence as
well as international law as applicable in domestic law. The
Regulation presents a non-exhaustive list of legislative
areas without specifying particular legal acts, as these
differ from country to country and may be subject to
amendments. According to the definition, the legislation
listed in letters (a) to (h) must be interpreted
as being linked to the area of production. For the
legislation on environmental protection, the meaning and
purpose stipulated in Art. 1 EUDR should be taken into
account. Therefore, legislation with a link to the
protection of forests, the reduction of greenhouse gas
emissions or the protection of biodiversity is relevant.
Relevant documentation is required for the purposes of the
risk assessment, Art. 9 (1) (h), 10 EUDR. Such documentation
may, for example, consist of official documents from public
authorities, contractual agreements, court decisions or
impact assessments and audits carried out. In any case, the
operator has to verify that these documents are verifiable
and reliable, taking into account the risk of corruption in
the country of production.
The Commission will issue a specific guidance document on
legality in due course.
UPDATE OCT 2, 2024 Frequently Asked Questions.
UPDATE NOV 13, 2024Commission published additional
guidance document for EUDR .
Example
NOT a complete example of "relevant documentation" from the
area of production without a risk assessment.
(VPA between EU and Indonesia - Appendix 2). Full VPA
here.
Comply with the EU Deforestation Regulation
EUDR Regulation API
Transaction-based, Percentage commission from transaction
value
- Global EUDR Risk Assessment by Leading Accounting Firms (Big4)
- Relevant documentation for the purposes of the risk assessment, Art. 9 (1) (h), 10 EUDR.
- A list of minimum relevant documentation requirements based on the HS code and the product's area of production.
-
Relevant legislation of the area of production
(Art. 3
(b), Art. 2 (40) EUDR):
Land-Use Rights, Environmental Protection, Third-Party Rights, Labor Rights, Human Rights, Anti-Corruption, FPIC, Tax, Customs, and Trade Regulations.
NOT a complete example of "relevant documentation" from the area of production without a risk assessment. (VPA between EU and Indonesia - Appendix 2).
- Global address/Geolocation-Based requests
- Over 160 countries
- Automatic Daily Updates
- No monthly or annual fees
- Pay-as-you-go
- 3-Step Onboarding Process
- 24/7 Customer Support
- Enterprise solution
- Trade Desk Compliance Verification: The API can be used by a bank's trade desk to verify EUDR compliance for letters of credit.
- Add "Regulatory Operating Cost" to invoices when the costs are transaction-based. Link to example case here.
Example of Cost Comparison: Kohtas vs. Manual Risk Assessment Processes with Legality Information for 100M€ EU Imports from Tens of Thousands Areas of Production
Managing compliance with the EU Deforestation Regulation (EUDR) can be costly and complex. Manual processes lead to high costs, inefficiencies, and increased risk of human error. Kohtas provides an automated, scalable, and cost-effective solution that streamlines compliance, saving you time and money.
EUDR Risk Assessment Solution | Annual Cost (€) | Cost (% of Transactions) | Benefits |
---|---|---|---|
Kohtas | 3,5M€ | 3.5% (estimated range: 2–7%, depending on HS codes and countries) | Fully automated, fast, accurate, scalable, and produced by leading accounting companies (Big4) |
Manual Risk Assessment and Gathering of Relevant Legislation Information | 5M€ – 20M€ | 5–20% | Labor-intensive, prone to delays and errors |
Key Advantages of Kohtas
- Cost Savings: Reduce compliance costs by up to 80% compared to manual processes.
- Scalability: Handle tens of thousands of transactions seamlessly, regardless of complexity or geographic diversity.
- Accuracy and Risk Mitigation: Leverage real-time data and automated legal checks to minimize errors and ensure compliance.
- Predictable Pricing: Transaction based pricing. Pay only if you have EU sales, with no hidden fees or additional costs.
Kohtas combines advanced technology, real-time information, and expert insights to deliver the most reliable compliance solutions for EUDR-regulated industries. Whether you're trading high-risk commodities or operating across multiple countries, Kohtas simplifies the process, allowing you to focus on your core business.
Embark on Your Kohtas Journey:
Simple 3-Step Onboarding
Process
-
1
Define Your Goods by HS codes
In the first step of the onboarding process, you'll need to specify the goods your enterprise offers under the EUDR by HS codes.
-
2
Specify Business Locations
In this step, you'll specify where your business operates from and where it delivers to example by GPS coordinates. This will help us identify the specific regulations based on the geographical regions involved in your operations.
-
3
Provide Business Information
Finally, you'll provide some additional business information. This includes your total sales volume in million euros, and your enterprise name. This information helps us understand your scale of operations and customize our offerings accordingly.
Kohtas Podcast: Insights on EUDR Compliance
Let's Make EUDR Compliance easier, together
Contact us today to discover how Kohtas simplifies EUDR compliance for your business.