What are legal requirements for starting an import/export business?

[Good-Person]

Import and export businesses are quite hard to conduct. This is because such business involves investing a lots of money. However, capital is not the only issue such kind of businesses face. There are many legal requirements that an importer or exporter must fulfil, so what are they?

 

[Kane]

I believe every country has its own laws. In my home country, you need to have a license for import and export business, you will then need to open an LC in order to send (for importing) or receive payment (for exporting).