How to Start Export-Import Business From Bangladesh

Export-Import business is a self made profitable business most of the time if you can do the business. its kind of own start up business and make more self in dependency with financial solvency. Bangladesh is a potential country for export import business. Now how one can start Export-Import business from Bangladesh as follows.
Step-1:
Buyer and seller agreement/proforma invoice/sales invoice:
This document is needed at first step to do Export-Import business. Exporter will send this document (Buyer and seller agreement/proforma invoice/sales invoice) to Importer.
Step-2:
Application:
If i am an importer i have to give an application to my local bank. In this application here will be some documents and certificates and these documents are:
1.Agreement/proforma invoice
2.Application
3.Trade Licence
4.Tin
5.VAT
6.IRC
7.Insurance
8.Margin Money
Read More About:
Some Important terms/abbreviation for Export
Exportable Items From Bangladesh
Step-3:
If my local bank(example: Dutch Bangla Bank) accept the application they(Bank) will send the LC to Exporter's Bank.
Step-4:
Confirmed Letter of Credit:
A confirmation letter will go to the exporter's Bank that is exporter's local bank will confirm the exporter about the document.
Step-5:
Product is Shipped:
If supplier think that LC is perfect that time he/she will go for shipment.
Step-6:
Document:
Exporter/Supplier also have to give some document to his local bank that is exporter's bank. Common documents are:
1. Commercial invoice
2.Packing List
3.Certificate of Origin
4.Certificate of Analysis
5.Bill of Lading
6.Bill of Exchange
These are the documents that have to submit to the exporters bank account. If exporter don't submit these document that time exporter will not eligible for the payment so its important.
Step-7:
Document:
exporter's bank will send these document(step-6) to the importer's bank.
Step-8:
Document:
If we are importer we will provide all our documents that we will get from our bank to the C and F agent to have our products. C and F agent will solve all the procedure( custom and so on) after that.
Step-9:
Money:
After completing all the task importer's bank will send money to the exporters bank.
Step-10:
Money:
Exporter will get the money from his local nominated bank.
These are the procedure to do export-import business from Bangladesh. Whenever you will do practically you will be more clear. Best of luck.
Category and Tags
Add a comment
More stories by
Coca-Cola proposes fresh $200m investment in Bangladesh

Coca-Cola President and Chief Operating Officer (COO) Brian John Smith CollectedCoca-Cola President and Chief Operating Officer (COO) Brian John Smith has said his company is keen to inject a fresh $200 million in Bangladesh over the next five years.

Bangladesh’s ICT industry grows 40% annually, says UNCTAD

The ICT sector in Bangladesh has grown by 40 percent annually since 2010, thanks to public and private sector initiatives, says a new report.

President of Ukraine said no to hang his photo in any Government office in Ukraine. How about Bangladeshi President?

Ukraine president Volodymyr Zelensky said in one of his speech " please don't hang any photo of mine in any government office in Ukraine.

BRAC Bank launches the largest student scholarship programme at Dhaka University

BRAC Bank Limited has come forward to provide scholarships to the meritorious students of Dhaka University's Business Studies Faculty as part of its corporate social responsibility (CSR).

Bangladesh discovers first magnetite iron mine in Dinajpur

The Geological Survey of Bangladesh (GSB) today announced that they discovered the country’s first magnetic mine or iron ore at Dinajpur’s Hakimpur upazila.

Follow Business Habit on Facebook, Twitter