Post by Trade facilitator on Dec 14, 2020 14:52:38 GMT 1
Looking at the current business outlook in the country today, and the entire world in general you will discover that countries need the type of business that greatly improves their economy. Export business from time immemorial has proven to be one of the best supported businesses by governments. The reason is not far-fetched; export of agro-based products brings in hard currency to the country to strengthen the local currency thereby improving the economic conditions of the country. The more hard currency a country spends on importation of goods and services, the weaker the local currency becomes without equivalent inflow of hard currency from exports.
Therefore the government is ready at all times to support agro-allied exports at all times as they are the engine room of the economy. Countries like China rose to prominence because of massive exportation Programmes they are into. They export products in all imaginable categories worldwide, their export tentacles stride across nations and products.
So many people are being encouraged by the government of today in Nigeria to engage in agro-allied exportation of goods. No doubt this is one of the most profitable businesses anyone can venture into in the country today and be guaranteed of good return on capital invested.
The local market is getting saturated daily, branch out into the export world and start reaping great profits from your investments. The opportunities are massive; the country needs the foreign exchange badly, and the return on investment is highly encouraging. The banks will court you like a bride because you will be bringing to them the much needed foreign exchange from your export inflow.
After making up your mind to start an export business, the next step is to start getting all the documents you need to be able to apply for and procure the Export Certificate, also known as Export Licence to aid you in successfully executing your business. The major document that confers the power to engage in any international export trade in Nigeria is the Export Certificate. It gives you the authority to go into the export business.
Your first step in procuring this document is to make sure that you have a registered limited liability company in Nigeria. The minimum business registration acceptable for procuring the certificate is Limited Liability Company. The law requires that as an intending exporter, you must obtain the Licence.
The agency of the federal Republic of Nigeria that has been given the responsibility to issue the certificate to intending exporters is the Nigerian Export Promotion Council (NEPC). This government agency has the sole responsibility of issuing this certificate for the exportation of all legally approved products, including agricultural commodities and manufactured and semi-manufactured goods.
The following are the required documents you need to upload on their portal online to complete your registration:
Your company’s Certificate of Incorporation
The company’s Memorandum and Articles of Association
Current certified True Copy of Form CAC 1.1 Section C (Particulars of Directors)
Step 1: After getting your documents ready in soft copy for upload, you can now visit the registration portal of NEPC and create an account.
Step 2: After creating an account, login and click on Register a New Certificate and start the proper registration process.
Step 3: Fill in all the necessary information requested, and upload all documents requested and submit.
Step 4: When the payment page opens, make the necessary payment. The current fee for a new certificate registration is N13, 500 while renewal is N7, 500. Be sure to confirm your payment by clicking on the Get Status Tab on the portal.
On successful registration, and confirmation of payment, you will receive an email and SMS that your certificate is ready. This usually takes between 24 and 72 hours depending on circumstances and can take more days.
Therefore the government is ready at all times to support agro-allied exports at all times as they are the engine room of the economy. Countries like China rose to prominence because of massive exportation Programmes they are into. They export products in all imaginable categories worldwide, their export tentacles stride across nations and products.
So many people are being encouraged by the government of today in Nigeria to engage in agro-allied exportation of goods. No doubt this is one of the most profitable businesses anyone can venture into in the country today and be guaranteed of good return on capital invested.
The local market is getting saturated daily, branch out into the export world and start reaping great profits from your investments. The opportunities are massive; the country needs the foreign exchange badly, and the return on investment is highly encouraging. The banks will court you like a bride because you will be bringing to them the much needed foreign exchange from your export inflow.
After making up your mind to start an export business, the next step is to start getting all the documents you need to be able to apply for and procure the Export Certificate, also known as Export Licence to aid you in successfully executing your business. The major document that confers the power to engage in any international export trade in Nigeria is the Export Certificate. It gives you the authority to go into the export business.
Your first step in procuring this document is to make sure that you have a registered limited liability company in Nigeria. The minimum business registration acceptable for procuring the certificate is Limited Liability Company. The law requires that as an intending exporter, you must obtain the Licence.
The agency of the federal Republic of Nigeria that has been given the responsibility to issue the certificate to intending exporters is the Nigerian Export Promotion Council (NEPC). This government agency has the sole responsibility of issuing this certificate for the exportation of all legally approved products, including agricultural commodities and manufactured and semi-manufactured goods.
The following are the required documents you need to upload on their portal online to complete your registration:
Your company’s Certificate of Incorporation
The company’s Memorandum and Articles of Association
Current certified True Copy of Form CAC 1.1 Section C (Particulars of Directors)
Step 1: After getting your documents ready in soft copy for upload, you can now visit the registration portal of NEPC and create an account.
Step 2: After creating an account, login and click on Register a New Certificate and start the proper registration process.
Step 3: Fill in all the necessary information requested, and upload all documents requested and submit.
Step 4: When the payment page opens, make the necessary payment. The current fee for a new certificate registration is N13, 500 while renewal is N7, 500. Be sure to confirm your payment by clicking on the Get Status Tab on the portal.
On successful registration, and confirmation of payment, you will receive an email and SMS that your certificate is ready. This usually takes between 24 and 72 hours depending on circumstances and can take more days.
