How to Start your Import Export Business?

ninja Global by ninjacart How to Start a new export - import company 1 5 Obtain a PAN Card . A PAN Card is the first of a specific series of documents needed to launch a new export firm . To register your business , you and your partner ( s ) must both have acceptable documents proving your identification and residency . Choose your business entity type . 2 Prior to launching an export - import business , one must choose the structure that their enterprise will take based on their ownership structure . The next step is to register your new company and select a name for your corporate entity . 3 Establish a Current Account A current account is a type of bank account used by businesses . In order to conduct business with clients and suppliers , your new export - import company will require a current account . Depending on the kind of business firm , different paperwork are needed to open a current account . Keep in mind the IEC Code ! Anyone intending to launch an import / export business must have the IEC Code . The IEC Code application form will be sent to the Director General of Foreign Trade with a number of supporting papers . 4 Select your export item . The foundation of any export - import business plan is the product you choose . You must keep in mind a number of things , including the condition of global markets , laws , export trends , and more . In our guide for choosing the appropriate export product , you may find additional in - depth information as well as a general direction . choosing the appropriate export market and customers Don't forget to organise your finances . You are good to go ! .. Remember there are alot of Global trade enabling platforms as well who help you finding customers and alot more do check out all the available options as well . 6