To start an import and export business, the necessary step is Weboc registration.
Before inaugurating the business, one should always know about it. Let’s start by understanding that import stands for buying products from other countries. Whereas, export means selling products to other countries. As the business is becoming popular, with respect to time, it has some actually useful advantages.
First of all, it was introduced in 2011. Now, this program is excellent for encouraging traders, agents, and customs officers. This platform is continually striving towards betterment. Also, container tracking is now effective.
Weboc is short for web-based one customs. This platform is for importers, exporters, and clearing agents. Moreover, it is a government based program provided by FBR. Additionally, it is important and compulsory for filing goods declaration. There is no other method for GD filing. Furthermore, Weboc provides a tendency to keep track of your import and export business. To be more precise, Weboc helps the importers and exporters to manage their cargo. It is also useful for custom officers. Besides, the most certain advantage of this is that it is completely online. Hence, it makes the business run smoothly. However, certain documents are needed to start import and export business or to do Weboc registration.
All businesses need different types of documents. For instance, if your company registration is done.
This is a kind of business in which only one person owns the company. You can get more information about a sole proprietorship. Now, we will tell you the documents which are required for registration if you have a sole proprietorship business.
Also, the good that needs to be exported pursues a clearing agent. The clearing agent requires a few documents which we will explain below. Keep reading.
They play a very prominent role in shipment. Many people confuse the clearing agent and freight forwarder. Firstly, you should know that a freight forwarder must control the movement of goods from one place to another. He does this job on behalf of the cargo keeper. Precisely, he has to keep the charge of the security and maintenance of the cargo and goods.
Besides, the clearing agent is also known as a customs broker. All countries have different requirements for a clearing agent. However, in Pakistan, the clearing agent is supposed to be aware of the laws, borders, ports, etc. Moreover, make sure that the clearing agent should have a clearing license. Nevertheless, the difference between both of them is that the freight forwarder is the controller of the cargo movement. Whereas, the clearing agent takes care of the custom clearance features of the company. Every import and export business needs to hire a clearing agent. But, there are some documents required.
So, these were the procedures you need to go through to start an import and export business. Also, if you feel like you need to add anything more to the article, you can tell
There are many things you need to be aware of before starting an import and export business or Weboc registration. Nevertheless, the Weboc registration system is secure and convenient. They have enabled all security authentications which makes sure that there is no fraud. Furthermore, the online system enables the import and export business owner to be aware of the cargo status, etc. Recently, Weboc has introduced its play store app. Therefore, it is made more compatible to be used by the import and export business owners.
Other than telling you the business inauguration process, you also need to be aware of the tips and tricks you have to follow to start your business. After preparing the documents and doing Weboc registration, your business will start. So, these are things you should keep in your mind to attain success.
Conclusively, these are the things you need to know about the import and export business. If you need any kind of consultation, you will be given that right on the spot! We offer all kinds of taxation services and consultations with the help of our expert lawyers. So, you don’t need to worry about it. We are here to help!