UNDERSTANDING BASIC REQUIREMENTS FOR EXPORTATION IN NIGERIA
One of the things that excite many youths in Nigeria is import business or exportation in Nigeria. Many people wants to start international business by exporting goods out of the country but do not fully understand the what should be done first. I will be glad to clarify the requirements and guide you on how you will obtain them.
Exportation of agricultural products and produces, solid minerals like iron ore, manufactured goods to countries that need them. Nigeria government has been looking for ways to diversify the economic from total dependence on crude oil to other sectors of the economy. You will need to be guided by professionals in order to be successful in export business.
Requirements for export business in Nigeria
- Having a corporate company name
To start your adventure in international business, the first thing is to have a functioning corporate company name. You can do that by engaging in the services of lawyers, charted accountants or auditors. This is the first step you need to take. You can visit Nigeria Corporate Affair Commission website to confirm. If you need a lawyer that can assist you with this, you can contact us to link you up with our legal team.
- Obtain Tax Identification Number (TIN)
Having TIN for your company ensures that you will charge VAT (Value Added Tax) on all your services render within Nigeria. This document will be needed to open corporate accounts with commercial banks. Tax Identification Number is FREE. You can go to any Federal Inland Revenue Service office nearest to the address of your company. You will get it within two weeks of applying for it.
- Export License
As a potential exporter you will need to have export license in order to process all the documents needed. The license will be needed by custom service, Central Bank of Nigeria, and inspections agencies. The export license can be obtained from Nigeria Export Promotion Council in Lagos or Abuja. The fees are small to encourage upcoming exporters.
- Inspection Agencies Licenses
Some exporting goods need current license of the following agencies: NAFDAC, SON and other agencies.
- Freight forwarding services
After you have obtained the above documents, you will need the services of a competent freight forwarding company to assist you with loading of goods, documentations, booking with shipping lines or airliners, issuance of Bill of Lading. You can contact us today, we will glad to guide you through a sweet export processing experiences.
If you need professional advice on how start visit our contact page and send us email. We will glad to assist you and make your shipping dreams a tremendous success in Nigeria.