Steps to take to start an Exportation Business in Nigeria

What to do to start an exportation business.

In today’s global economy, exportation remains a guaranteed way businesses and government can sell their excess goods or services to other countries at prices higher than what is obtainable in their domestic market. Exporting also gives access to a larger number of potential customers, and creates employment which benefits the economy.

The business of export all over the world is primarily about processes and documentation e.g. the buyer needs the assurance that he is getting what he is paying for whilst the seller/exporter needs the assurance that he will get paid. It is thus paramount for an exporter to understand the requisite processes and documentation and the intent of this article is to explore the basic legal requirements of exporting in Nigeria.

Company Registration – A potential exporter is required to register a Limited Liability Company or Cooperative Society which has exportation as one of its objectives. Registration with NEPC – A firm which wishes to export has to be registered with......
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