12/12/2016

HowtoStartImportExportBusinessinIndiaLegally

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12/12/2016

HowtoStartImportExportBusinessinIndiaLegally

HowtoStartaImportExportBusinessinIndia

Recent

TodayweguideonHowtoStartImportExportBusiness
inIndialegally.SoBeforeStartingaImportandExport
Businessyouhavetorequireprechecklisti.earefollowings

Company
Registrationin
Bangalore:How
toRegister

a)RegisterYourBusinessasLegalEntitylikeProprietorship
Firm/PartnershipFirm/LLP/Company.

December9,2016

b)ApplyforIECCodeforyourbusiness.
c)ApplyforVAT/TINRegistrationforyourbusiness.
VoonikSeller
Registration:
Guideto
Registeras
Seller
December5,2016

d)HireaCustomClearingAgent.
e)Useyourownfreightforwarder.
NowletsmeexplainstepbyStepProceduretoStartingyour
ImportandExportBusinesswithabovetermsindetails.

How

MyOnlineCA
Helpsto
RegisterSole
Proprietorship:
Lesson5
November26,2016

How to Start Import Export

Business in India Legally
a) Register Your Business in
India for Import Export
BeforeStartinganyBusinessinIndiayouhavetorequire
registeryourbusiness.youhavetoregisterunderafirm/llp
orcompany.soeverybusinessformationisdependupon

ProductBased
Sole
Proprietorship
Firm:Lesson4
November26,2016

yourrequirements.Eachbusinesstypeofformationhas
ownfeaturessoyoucanregisteryourbusinessaccordingto
yourneedssoweexplaininsimplewordsbelowabouteach
typeofbusinessformation
SoloFirmRegistration:BasicallySoloFirm
Registrationisthebestwhenyouwanttestingyouridea
intheImportorExportBusinessandanotherBestthing

ServiceBased
Sole

thatyouaresoleowneroftheFirmwhichcontrolonthe
business.AsaImportExportBusinessyouhaveto

http://legaladda.myonlineca.in/howtostartimportexportbusinessinindialegally/

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12/12/2016

HowtoStartImportExportBusinessinIndiaLegally

Proprietorship
Firm:Lesson3
November26,2016

requireonlythetaxregistrationasafirmlikeVAT/CST
andIECCodesoitscanbedoneinlesscostof
formation.EvenyouhavetopayjustonlytheIncome

How
to

taxontheSlabbasisadIndividuallysoyoucaneasily
savetheincometax.
PartnershipFirm:PartnershipFirmisthelikeSole

RegisterSole
Proprietorship
Firm:Lesson2
November25,2016

ProprietorshipFirmButitsrequireminimum2partner
insteadone.Itshasaunlimitedliablityinthebusiness
butbestforthetestingyourideasintheImportExport
BusinesswiththePartners.Itsrequirejustdraftonlya
PartnershipDeedandopenacurrentbankaccounton
thefirmname,afterthatyouhavetoapplyforthe

Benefitson500
or1000Rupees
Banned
November25,2016

Sole

VAT/CSTandIECCode.
LLP:LLPRegistrationisbestwaytodoingthe
businesswhenyourhavepartnersandyourbudgetis
tightbutyouwannaenjoycompanyfeatures.IntheLLP
Mostimportantfeaturei.eislimitedliability.eveninthe
LLPyoucandonemultiplebusinessunderoneLLP.Its
RegisteredwiththeCentralGovernment(MCA)and

Proprietorship
FirmOverview:
Lesson1
November24,2016

validinothercountryalso.Ifyouwanttodealwiththe
bigcompaniesduringtheImportExportthenmustgo
withtheLLP.IntheUS(UnitedState)Itscalled
LLC(LimitedLiabilityCorporation).
PrivateLimitedCompanyPrivateLimitedCompany
oneoftheMostPopularBusinessFormationinIndia.

Lesson1:
Differenceabout
Businessand
TaxRegistration
November20,2016

MaximumBigImporterandExportChoosethePrivate
LimitedCompanybecauseyoucaneasilyraisethe
FundsthroughtheInvestorbyjustallowtedthem
CompanySharesinsteadofBankLoansorother
fundingoption.Othergreatfeaturearethelimited
liablityinthebusiness.Indias60%LegalEntitygowith
thePrivateLimitedCompany.

Lesson2:How
toChooseLegal
EntityinIndia

MustReadOnlineUdyogAadhaarRegistration:
SimplifiedProcedure

November20,2016

How
to
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12/12/2016

HowtoStartImportExportBusinessinIndiaLegally

NowQuestionariseisFromWhereyoucanregisteryour
Depositabove
2.5lakhCashin
yourAccount
November17,2016

How
to
Apply
for
RNIRegistration
Certification
November10,2016

How
to

LegalEntityfortheImportExportBusiness
YoucanhiretheLocalCA/CS/Lawyerfromthereferences
oryoucandonethisOnlinethroughsomereliableplatforms
likemyonlinecawhereyoucanRegisteryourCompanyin
IndiaatFingerTips.

b)Apply for IEC Code for the

Business in India :BasicallyforanytypeofbusinessinIndianeedIEC(Import
ExportCode)RegistrationNumberfordoingImportExport
Business.soaftertheBusinessRegistrationyouhaveto

Changethe500
or1000Rupees
Note:Stepby
Step

applyfortheIECCode.Thiscodeconsistsofa10digit

November8,2016

Indianfirmsorcompanies.Submittingallthe

code,whichhasissuedbyDirectorGeneralofForeign
Trade,GovernmentofIndiaorMinistryofCommerceto
essentialdocumentstothegovernmentcangiveyoua
supporttohavetheIEcodeinaneasyandsimplemanner.

GovernmentE
Marketplace:
Registration
UltimateGuide
November8,2016

open
a

MustReadHowtoSellonAskmeBazaarUltimate
Guide

c)Apply for VAT and TIN

Registration in India :VATandCSTorSalesTaxorTINRegistrationisrequired

currentbank
accountina
bankasSole
Proprietorship

forsellingthegoodsinIndiafortheretailersand

October26,2016

VATisaIndirecttaxessoitsrulesandregulationsisvery

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d)Hire a Custom Clearing Agent

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