Looking To Expand Your Business Further Overseas
A person or an organization looking to start a new company must be aware of the technicalities and legalities involved in initiating the business. Entrepreneurs often become hesitant of the formalities existing in the today’s world. IEC (Import Export code) Registration is one such process where the new initiator may wonder about the necessities in registering for such code. IEC code is a ten digit code issued by the Directorate General of Foreign Trade under the Ministry of Commerce and Industry. This code is essential for trading of the manufactured goods or services or technologies to overseas countries for carrying out import/ export with the other companies abroad. The process has now been made relatively easy through online. The IEC registration requires the application to be submitted online at dgft website along with the necessary documents. This includes,
- Scanned copies of PAN, Applicant photograph, a Bank certificate etc...
- A payment of 250rupees through online fund transfer and
- Documents regarding the information of the company such as ownership details
Once all the required documents are complete, the process is relatively fast with application approval in 2 days and IEC is issued in a week’s time.
Handover the Registration Works To Us and Lay Back
In starting a new company, the new entrepreneur has to face several difficulties in setting up the company, establishing it in the market, occupying a firm position for itself in the business sphere and then further expanding the business to new markets. These processes are long and require a careful planning and operations from the side of new business owner. In such an intricate and grotesque process, IEC registration though very important is just a step in the course that needs to be accomplished for business expansion. Getting that out of the way in very earlier stages may ease the capitalist in the later periods. However it is difficult to concentrate on it particularly among a myriad of other formalities. To solve this problem of minor impasse such as registrations, Phoenix Tax services offer their expertise in the application of such registration forms particularly the IEC registration. As they have been in the line of business for a long period of time, they can effectively not only guide you through the IEC registration but can take it care for you allowing you to concentrate fully on the progression of your business.