Establishing Export-Import Business
Before starting your export-import business, you have to decide what kind of exporters you want to be. There are three kinds of exporters
1) Merchant Exporters- Buy from the manufacturers and sell it internationally
2) Manufacturer Exporters- Procure, process and export finished/semi-finished goods internationally
3) Service Exporters- Exports services like consultancy, software, etc.
After deciding, you have to provide the name of your company, register it with government authority. Your company can be a proprietorship, partnership, Public, or Private Company. Other formalities include sales tax registration, PAN number application, open a current account in a bank, etc.