Quick Answer: How To Obtain Import And Export License In Nigeria?

How much is import license in Nigeria?

An application fee of N75, 000 (Seventy-Five Thousand Naira) A processing fee of N210,00 (Two Hundred and Ten Thousand Naira) All the online submitted documents will be verified and if acceptable then a permit will be issued.

How do I become an importer and exporter in Nigeria?

Requirements For Starting And Import / Export Business In Nigeria

  1. Register The Business.
  2. Register With The Nigerian Export Promotion Council (NEPC)
  3. Register With Customs By Completing The Form NXP.
  4. Obtain Special Licences And Permits For The Goods You’re Dealing In.
  5. Verify Your Products Are Not On The Prohibited Goods List.

How do I become an importer in Nigeria?

Nigerian Import Regulations

  1. How to Import Goods into Nigeria.
  2. Register Your Company.
  3. Obtain Trade Insurance and Regulatory Certificates.
  4. Register for the Trade Portal.
  5. Fill Out and Submit e-Form “M”
  6. Processing by the Nigeria Customs Service.
  7. Importer’s Arrangement of Documentation.
  8. Tasks of Your Supplier and Authorized Dealer Bank.
You might be interested:  Readers ask: How Much Is Drone In Nigeria?

Where can I get import license in Nigeria?

Such import export licence may be obtained from concerned government department of Nigeria if required. For importing to Nigeria, you must do the following, a) Should register the company name in Nigeria or hence have a certificate of Incorporation.

What documents are required for import?

The below following are documents for Import of Goods.

  • Bill of Entry.
  • Commercial invoice.
  • Packing List.
  • Bill of Lading.
  • Foreign Exchange Control Form (Form A-1)
  • Terminal Handling Receipt.
  • Certified Engineer’s Report.
  • Cargo Release Order.

How much does import license cost?

Import Export License Fees / Cost to get IEC Code in India As per the latest notification, IEC code Application fees is Rs 500/- which can be paid online through e-wallets/Net Banking/Credit or Debit Cards. Therefore the Government Fees or Official fees to get IEC Code in India is Rs. 500.

What can I export from Nigeria?

List of items you can export from Nigeria includes; Ginger, Cocoa butter, Rubber, Palm kernel oil, Textiles and garments, Gallstone, Sesame seed, Garlics, Yam tubers, Charcoal, Cotton, Cassava floor, Cashew Nuts, Honey, Shrimps, Snail, Chili pepper, Fruit Juice, Poultry, Cosmetics and Soap, wigs and hair attachments.

How profitable is importation business in Nigeria?

How Profitable is mini importation business in Nigeria? Yes, mini importation business is very much profitable in Nigeria. You can start with as low as 50k, but always have it in mind to go for goods in high demand, this way, you’ll definitely sell faster and make a huge profit.

How do I export my product from Nigeria?

The Business or individuals who wish to export from Nigeria is required to register with the Nigerian Export Promotion Council (NEPC). An exporter is required to complete and register Form NXP with an Authorized Dealer i.e., any Bank of his choice, in Nigeria.

You might be interested:  Quick Answer: Who Is The Tallest Man In Nigeria?

What can I import into Nigeria?

According to Nigerian Customs Service, the following items can be imported into Nigeria from approved foreign countries:

  • Cars.
  • Processed Petroleum Oils.
  • Electro-medical equipment (e.g. Xrays)
  • Laboratory/pharmaceutical glassware.
  • Motorcycles.
  • Wheat.
  • Medication mixes in dosage.
  • Phone system devices including smartphones.

What can I import from Italy to Nigeria?

Nigeria imports from Italy Value Year
Machinery, nuclear reactors, boilers $417.31M 2019
Vehicles other than railway, tramway $183.80M 2019
Electrical, electronic equipment $79.65M 2019
Articles of iron or steel $35.12M 2019

How do I register for import and export?

Steps Involved in IEC ( Import / Export Code) Registration

  1. Step 1: Application Form. First, you need to prepare an application form in the specified format – Aayaat Niryaat Form ANF-2A format and file it with the respective Regional office of DGFT.
  2. Step 2: Documents.
  3. Step 3: Filing Application.
  4. Step 4: IEC Code.

Why import license is required?

Import Licenses (if applicable) All import documents (ex-factory invoice, freight, insurance certificates, etc.) must be accompanied by any import licenses. This will enable the customs to clear the documents and allow the import without delay.

How can I get export license in Nigeria?

The Business or individuals who wish to export from Nigeria is required to register with the Nigerian Export Promotion Council (NEPC). An exporter is required to complete and register Form NXP with an Authorized Dealer i.e., any Bank of his choice, in Nigeria.

Related posts

Leave a Comment