Starting an import-export business complete procedure – Tradologie.com

 


The Import Export Business is one of the most profitable businesses in India. These days many people have started this business but they have no idea what they are doing.

The good thing with the Import Export Business is that you can start it from your home or office. You don't have to travel that much and when you are done, you can always go back home.

If you want to start an Import Export Business, here is the simple procedure:

Seek advice from a friend who has been successful in this business;

Talk with your friends and patrons;

Choose a location where you will set up your business;

Get your company permit from the Ministry of Commerce and Industry;

Get the Insurance Certificate from the National Insurance Corporation (NIC);

Get your bond money from the Bank;

Buy some materials for packing and storing your products;

Invest for three months on rent for a room or office in a commercial building;

Arrange for the importation of goods into India and export of goods out of India to other countries;

The Internet has made it easier than ever for small businesses to distribute their products across the globe. In fact, if you're a U.S.-based eCommerce retail business, the chance that much of your traffic is coming from outside of America is extremely likely.

What is import-export business?

If you're not familiar with the import-export business, it's a general term that can be used to describe any type of business that imports and/or exports products. A lot of people use the term "import-export business" as a catch-all for any kind of business that does this, but it's actually more specific than that.

International expansion of import-export business

As you plan your international expansion, there are a few key points to keep in mind:

Transparency: The more you can share about how your export business works, from how your products are made and sold to how you pay taxes and handle inventory, the more transparent you'll be to both regulators and your customers.

Legal issues: It's important to have a global presence on paper, but try not to get so wrapped up in that you don't take steps to protect yourself in case something goes wrong. For example, it's a good idea to file for patents internationally.

Taxes: While there are many ways of structuring an international tax structure, keep in mind that local laws may differ from country to country — and that each country may have different rules regarding the importation of goods or payment of VAT (value-added taxes).

Import & export through Tradologie.com

Many people want to start their own business, and import/export is a popular choice. If you're considering international trade, there are a few things to consider.

Exporting a product from the US to Europe can be as simple as printing a shipping label, placing it on the package, and sending it off. Exporting from China or Mexico to the US means dealing with customs officials. This can be frustrating, expensive, and time-consuming. It's also relatively easy for unscrupulous people to take advantage of inexperienced importers by selling fake products or trying to collect bogus import fees.

Importing from another country can be even more complicated. Customs laws vary from country to country. You'll have to deal with different authorities in both your home and your destination countries — customs agents and tax collectors — who may not speak English or understand global trade laws.

The good news is that importing can often be as simple as placing an order through Tradologie's global trade network of distributors and suppliers, waiting for your package, and signing for it at the port of entry. We handle all the paperwork so you don't have to go through all the hassles of customs clearance yourself.


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