Global trade is one of the most profitable and fast-growing business models in India. But before you jump into it, there are a few important things every new entrepreneur must understand. This blog breaks down the Top 5 things to know before starting an import export company, so you can launch with confidence — and avoid common mistakes.
At GFE Business, we guide first-time exporters from training to full business setup and connect them with genuine trade platforms and buyers.
✅ 1. You Need a Clear Product & Market Strategy
Many new exporters fail because they don’t know what to sell — or who will buy it. Before registering your company, decide:
- What product you want to export or import
- Is there global demand for it?
- What countries need it the most?
- What are the competitors and price trends?
Use HS codes and market research tools to shortlist products with low competition and high demand.
✅ 2. Legal Documents Are a Must
Starting an import export company requires legal registrations and compliance. The basic checklist includes:
- IEC (Import Export Code) from DGFT
- GST Registration
- MSME/Udyam Certificate
- Bank Account with AD Code
- FSSAI or pharma licenses (if needed)
- Trademark or brand registration (optional but helpful)
Without these, you can’t clear customs or get paid through international channels.
✅ 3. Understand the Export Documentation Process
The most important skill in global trade is document accuracy. A mistake in one paper can cause shipment delays, penalties, or payment loss.
You must learn how to create:
- Proforma Invoice & Commercial Invoice
- Packing List
- Bill of Lading or Airway Bill
- Certificate of Origin
- Shipping Instructions & Freight Terms
- Export Declaration Forms (EDF)
If you don’t know how to make these, take a course before launching your company.
✅ 4. Payment Safety Comes First
Many new exporters don’t know how international payments work — and that’s risky.
You must understand:
- Modes of payment: Advance, LC, CAD, DP, etc.
- Currency exchange risks and forex management
- Using RBI-compliant international payments
- How to protect yourself from fraud or non-payment
Also, work only with verified buyers or go through buyer-seller platforms.
✅ 5. You’ll Need Ongoing Support to Grow
Launching is only the beginning. Real success comes when you:
- Join trade exhibitions to meet buyers
- Build an international brand
- Stay updated with DGFT and customs rules
- Expand to new products or countries
- Access mentorship and B2B support
That’s where GFE Business helps exporters — not just with training, but also with real market connections, promotion, and trade platforms.
✅ Final Words
Starting an import export company is a smart move in 2025 — but only if you do it the right way. Learn the process, register legally, protect your payments, and get the support you need to grow.
📞 Ready to start your export career the right way?
Visit 👉 www.gfebusiness.org and connect with real trade opportunities.