The export business involves taking goods outside of the country or region of interest. The business requires one to have permits from the necessary authorities to be sure of what is being exported. This is one quite profitable business and can lead to huge profits. Here is a look at how to start an export business in Uganda.
Steps to start export business in Uganda
To start a successful business in Uganda, one has to do things and the necessary permits one has to acquire. Some of the steps are as below;
- The first step is to know the type of business you want to start and acquire a unique business name.
- The next step is to register your company with the Register Company and later be issued with the certificate of registration.
- Acquire all the necessary licenses from the Ministry of Health and Fire Department. This ensures the safety of your employees and yours and the consumer’s safety, especially businesses that deal with food.
- Register with the local authorities to get a trading license or operating permits.
- For Tax, purposes register with the Uganda Revenue Authority. Once you register the export business in Uganda, you will be given a Tax Identification Number that will be like your account number.
Tips to start export business in Uganda
- Have a business plan that you will follow to the latter. It will help you manage your finances and not overspend.
- Advertise your business using posters and even on social media platforms. Tell your friends to tell other friends so that your business can grow.
- Study the strengths and weaknesses of other businesses in the same field as yours and get to know how they work with them.
- Look for a location with the target market. Urban places, near town centers, and shopping malls are some of the best places to start almost any business.
- Hire employees who will help you to run and operate your business.
- Offer a delivery service to help your customers acquire their goods in the right place and on time.
Top exports in Uganda
To be successful, one has to export items that are in high demand in other countries.
Here is a comprehensive list of some of the most demanded items from Uganda;
- Coffee
- Tobacco
- Dairy products
- Eggs
- Fish
- Tea
- Cocoa
- Honey
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