How to set up an Export and Import Business? Is this question striking your mind again and again? And do you desperately want to dig out the answer to it? If yes, this article can be of a great help for you, as it provides you with an effective guidance for smoothly starting Import and Export Business.
Let’s start from the beginning and see how a better start can pave the way for the successful business. Following are the number of steps that you need to follow while setting up an Export and Import business:
- Make a list of the products that you have decided to export or import. If you haven’t decided yet, do substantial research. The basic idea behind your research can be to export the product what other countries don’t have and to import what yours doesn’t have. With this, you can not only decide the products but also the countries for trading.
- The next step would be to directly get in touch with the embassies of the countries you’ve decided to trade with. From there, you can easily get the industry directories of that country. In addition, the embassies can also guide you and answer your queries (in most of the cases).
- Thereafter, immediately get in touch with the Foreign Trade department of your country. Understand all the Export and Import rules and policies of your country and determine the selling price of your goods accordingly.
- Note: Different countries have different laws and polices when it comes to international trade.
- Now is the time for acquiring the registration number from the Taxation department. After that, you can export and import the goods in a legal manner.
- Now, you need to acquire Export and Import License from the Foreign Trade department of your country. But before that, you must find out that what goods can be imported and exported without the license.
Now that you know all about setting up an Export and Import Business, you might be thinking about whether you can make the task of Import and Export Licensing easier or not. Well, you definitely can. Just contact a reputed and reliable service provider for Import and Export Licensing Services and avail the license in a hassle-free manner.