How to export from Nigeria to other countries? How do you export from Nigeria to other countries? It’s actually not too hard once you know how, and this step by step guide will teach you just that! You’ll learn everything you need to know about how to export from Nigeria to other countries, including shipping methods, government regulations, taxes, and more. When you finish reading this article, you’ll know exactly on.
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Step 1: Go through the Export Procedures
Before you set up your export business, make sure you’ve gone through all of Nigeria’s legal procedures for how to export from Nigeria to other countries. This includes getting your business registered with the corporate affairs commission of Nigeria (CAC) and dealing with Nigerian corporate law. Once you’ve registered as an official business, there are several governmental hoops you must jump through in order to create trading links with foreign companies abroad. If you’re not familiar with these regulations, it may be best to consult a lawyer or someone who has dealt with international trade before. These regulations can vary depending on what type of goods you intend to export from Nigeria and where they will be sent. For example, if you want to send products overseas that need special certification or labeling (such as food), then different rules apply than if you just wanted to sell jewelry overseas for profit. The first thing you should do is check out World Trade Organization’s Trade Resources by Country page to find out what kind of import/export laws exist in your country. The WTO website also provides information about what kinds of licenses and permits you might need, how to get them, how much they cost, etc. In addition, many governments have created their own websites like the Nigeria Export Promotion (NEPC) that provide information specifically geared towards exporting from Nigeria. You can search Google for the Nigeria Export Promotion (NEPC) export procedures to find out what steps you need to take in order to legally export your product(s) outside the country. In some cases, you might even be able to find videos explaining how to complete each procedure.
The process of exporting from Nigeria involves three main steps: getting a certificate of origin (which proves that your product was made in Nigeria); obtaining a phytosanitary certificate; and finding shipping agents who specialize in moving cargo across borders. Depending on what exactly you plan to export from Nigeria to other countries, other paperwork might be required as well. For example, if you want to ship anything out of Nigeria that requires special certification or labeling (such as food), then different rules apply than if you just wanted to sell jewelry overseas for profit. You can find more information about how to get all these documents Here . Note that while it is possible to do all of these procedures yourself, they are complicated and may require you to travel back and forth between several government offices. If at all possible, it’s probably best to hire an agent or representative who specializes in international trade so they can handle everything for you. In some cases, companies will even help you with all of these procedures for free—but make sure to ask before you agree to any deal! Step 2: Find International Shipping Agents/Brokers: Once you have all your legal documentation in order, it’s time to look into international shipping agents.
Step 2: Register Your Company in Countries of Interest
Exporting is not as easy as setting up a few tables on eBay, Amazon and calling it good. You’ll need to register your company in every country where you want to do business (this can be done by an attorney or through an online incorporation service). In some cases, there are special requirements for setting up a business—for example, you might need special licenses in order to sell products or services. Be sure to do your research before starting any new business in another country.
The first thing you should do when exporting goods from Nigeria to other countries is to make sure that you have registered your company with all of the relevant government agencies in Nigeria including but not limited to: Nigerian Export Promotion Council (NEPC), Nigerian Customs Service (NCS), National Agency For Food and Drug Administration (NAFDAC), Standard Organization of Nigeria (SON), Nigeria Quarantine Service etc. You can also find information on these services on their official websites or by calling them directly for more information.
Once you’ve done that, the next thing you should do is determine what kind of business structure is best for your company. In most cases, exporting goods from Nigeria to other countries will require that you set up a corporation or limited liability company (LLC). Be aware that there may be tax implications based on which type of structure you choose; consult with an accountant before finalizing anything.
Step 3: Know Your Exporting Options
There are several options available to you when exporting from Nigeria to other countries. There is no right way; there is only what works best for your situation. Here is a list of common international trading scenarios ● Freight Forwarder: If you’re selling small quantities, it might be worth working with a freight forwarder. These companies specialize in moving goods across borders, often in large quantities and on behalf of many different clients at once. They charge a fee based on how much they handle, which means that even if you have just one shipment per year, they can still work out cheaper than arranging everything yourself. ● Trade Shows: If you want to start building up an international client base but don’t want to make any upfront investments or pay any fees, trade shows are an excellent option. They provide an opportunity for businesses all over the world to come together under one roof and do business face-to-face. The downside? You won’t be able to see who your potential customers are before you show up—but if you’re confident in what you have to offer, trade shows can be a great place to get started. ● Agents/Distributors: If you want to sell overseas but aren’t sure where exactly, agents and distributors will help find buyers for your products. They tend to be more expensive than going through a freight forwarder (or doing things yourself), but they also take care of most of the legwork for you. To find an agent or distributor, search online for [product] [country]. ● Direct Sales: If you want complete control over every aspect of your sales process, direct sales could be right for you.
Step 4: Find an Agent
No matter where you are, it is likely that there is an agent already based in that country you want to export products to who could represent your product when it comes to exporting from Nigeria to countries. Make sure you understand their expectations.
What can they do for you?
How often will they expect to hear from you?
What happens if something goes wrong?
Be clear about these things before you start working with them so there are no surprises later on.
Step 5: Get Insurance Coverage
When exporting from Nigeria to other countries, you’ll want to make sure your business is properly covered by insurance in case anything goes wrong. Business owner’s policies or small business owner’s policies can cover your company if there is an incident that causes property damage, bodily injury, or even death. To get started, research reputable insurers and find out what kind of coverage they offer—and what it will cost you. Then contact several companies for quotes so you can choose one with affordable rates. Once you have chosen a policy, be sure to follow up with your insurer so they know about any changes that may affect your coverage.
Step 5: Get Bank Account Information
You need to open a domiciliary bank account that will enable you receive payment from clients who you export goods to abroad. If you don’t already have an account set up for your export business, you will want to take care of that next. Banks require different things of their customers in order to open an account, depending on how large your company is and how much money is being deposited. You may also be required to provide proof of identification such as a driver’s license or passport. Once you have all of these items ready, go ahead and apply for a domiciliary account in any of the commercial banks in Nigeria..
Step 6: Choose Shipping Methods
One of your biggest expenses as an exporter who wants to export from Nigeria to other countries is getting your products safely and securely across international borders. And while there are many shipping methods out there, you really only need to know about four of them: airfreight, ocean freight, customs brokers, and courier services. Each has its own set of pros and cons, but for most entrepreneurs starting out with exports from Nigeria, I recommend sticking with couriers or at least using a broker that specializes in couriers. Couriers can deliver small packages quickly and cost-effectively, which means they’re perfect for startups looking to test market demand before committing large amounts of capital to expensive shipping costs. They also offer what’s called door-to-door service, meaning you don’t have to worry about clearing goods through customs yourself—the courier does it all for you. In fact, if you want to sell online in another country without actually moving there, using a good brokerage is one of your best options—many will handle everything on their end so all you have to do is ship directly from your supplier.
Step 7: Comply with Tax Rules and Import Duties
If you are exporting goods from Nigeria to other countries, it is your responsibility to ensure that any applicable tax rules and export duties are complied with. It is often best to contact an experienced customs broker for assistance in determining applicable taxes and duties. For more information on customs brokers and how they can help you comply with local laws.
Also note that certain types of products may be prohibited or restricted from being exported from Nigeria to other countries. We recommend contacting your the Nigeria customs service before attempting to export these items. See post on Nigeria customs service list of export approved and prohibited items.
Step 8: Document Everything!
Keeping your records straight and in order is not just good practice, it’s also good for your bottom line. While it might take some extra time to track receipts and monitor bank accounts, businesses which keep up with their records tend to be better able to evaluate how well they are doing. This means less guesswork and more accurate decision making. Most importantly, you will be able to find information when you need it quickly and easily. If you are planning on starting a business that involves the export of goods from Nigeria to other countries, there are two main types of documents that you should make sure to have: invoices and receipts. Both of these documents serve different purposes but work together as part of an overall record keeping system. Invoices show what was sold and include information about who bought what, when payment was made, and what discounts were given. Receipts provide proof of purchase so that you can claim any tax deductions or rebates due to you at tax time.