Here is the reason to register your business in India

Reason to Register your Business India?

Non-resident businesses can benefit to register a company in India due to the abundance of resources, low-paid skilled labor, and tax exemptions for certain categories of businesses. The government has made remarkable progress in liberalizing industries, easing bureaucratic red tape, and setting up arbitration forums for amicable settlement of disputes.

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Why India?

• 3rd Most Attractive as per FDI Destination in the World
• more than 1.4 million+ Companies in Active Operation 
• 32 Global Unicorn Companies Registered so far, valued more than USD 1 billion
• World’s Largest or 3rd Largest Economy by PPP

Business Structures Available in India

1. One Person Company
2. Private Limited Company
3. Public Limited Company

Indian company registration Process

1. Check Company Name: Use the RUN service on the Ministry of Corporate Affairs website to check name availability for your company.

2. Registration on MCA Portal: The SPICe+ INC 32 Form has to be filled for successful registration on MCA Portal. To do so, the directors of the company will have to register themselves on the MCA portal. Once this is done, log in to the MCA portal services and fill all the e-forms that you can view for successful registration.

3. Complete Documentation: Upload all the above e-forms, pay the fee, and wait for confirmation.

4. Obtain your Company Identification Number: (CIN), Permanent Account Number (PAN), and Tax Deduction/Collection Account Number (TAN) at the time of registration.

You could be selling and earning profits off any of the myriad booming opportunities from your India business right now.

Basic terms related to Indian company registration

1. Board of Directors: The people elected by the shareholders to control the business of the company.

2. Certificate of Incorporation: A document indicating in writing that the company is registered under the Indian Companies Act and can legally commence business.

3. DSC: Digital Signature Certificate assigned by the authorities, which can be used for signing official documents.

4. Amendments: Any changes, additions and deletions to an existing Articles of Association document.

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