In the modern age, it can be easier to start your business in India with streamlined procedures and general government encouragement toward entrepreneurship. However, putting up a business in India may be quite complex if not handled properly. So we will take you step by step through this blog by explaining the process of business registration in India and guiding you as to how Device Doctor India can support you at every stage of your business journey.
Why Registering Your Business in India is Essential
Today, there are plenty of reasons why business registration in India is advise. These include the availability of legal protection, ease of access to funding options, and credibility by customers. The government of India has initiated various policies, including “Make in India,” to promote startup businesses and support duly registered companies. Therefore, with the right structure and type of registration, a business can safeguard its brand, ensure tax advantage, and offer high growth potential. Device Doctor India, a trusted business development and marketing partner, would be prepared to guide you through the process of selecting the right business structure for your business.
Step 1: Choose Your Business Structure
The first and most critical choice for every entrepreneur is a decision concerning the right business structure in India. Business structure does have an impact on compliance in accordance with the law, taxation, and control. Some of the most common options are listed below:.
- Sole proprietorship is very suitable for small businesses. It demands low compliance with no legal difference between the owner and the business.
- Partnership: is suitable for two or more owners. There is shared control. The compliance requirements are moderate in nature.
- Limited Liability Partnership (LLP): Combination of partnership and corporation; offers legal protection to the partners but remains flexible.
- Private Limited Company: Popular among the startup organizations. The liability is limited. Investors are attracted toward it.
- Public Limited Company: A public limited company is apt for big businesses that plan to raise the capital from the public.
Choosing the right structure is essential for effective business registration in India, informs the specialists at Device Doctor India, considering after assessing all the structures, the best one should be chosen that is aligned to your goals, business model, as well as growth plans.
Step 2: Register Your Business Name
After the structure is selected, another step includes the selection and then the registration of a distinctive business name. Business name registration involves the following steps:
- Availability Check: First, one should check whether the name chosen by him is unique or as per India’s norms for the registration of business names.
- Name Reservation: In the case of companies and LLPs, the companies would apply through the MCA website for the reservation of the name.
- Device Doctor India Tip: Choose a name that reflects your brand image and is easily remembered by the customer.
An unique name must be registered that will distinguish you from others and make you more believable in the market.
Step 3: Obtain Digital Signature Certificate (DSC)
You will need a DSC to file online with the MCA. Business registration in India has become significantly digital nowadays; hence you get the authenticity of e-documents along with a DSC.
- Device Doctor India Recommendation: Obtain a Class 2 or Class 3 DSC from a government-authorized vendor. You will need one DSC per director of your company.
Step 4: Apply for Director Identification Number (DIN)
A DIN is required for each such person intending to be a director of the company in India. A distinct DIN number simplifies the process of incorporation of the company.
- Apply for DIN using the SPICe form, an acronym for Simple Proforma for Incorporating a Company Electronically.
- Attach copy of PAN card along with proof of address.
Each director shall have a valid DIN for acceptance by the government.
Step 5: Register on the Ministry of Corporate Affairs (MCA) Portal
This is the Ministry of Corporate Affairs (MCA) portal that will assist you in registering a business in India. Here’s how to get start:
- Create an MCA Account: Go to the MCA portal and create a user account.
- Create an MCA Account: Log in to the MCA portal and create a user account.
- SPICe+ Form: The SPICe+ form is an integrated form that includes various services under it. By filling up this form, you can:
- Apply for reservation of Company name
- Apply for PAN and TAN
- Registration for GST
We are going to prescribe you to prepare the SPICe+ form as complete as possible because it is going to decide the accuracy of your registration and processing time at Device Doctor India.
Step 6: Apply for PAN, TAN, and GST Registration
A Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) are essentials for Indian companies for the compliance of tax legislations.
- GST Registration: According to the reports, businesses that are expecting any form of turnover above ₹20 lakh (in northeastern states, ₹10 lakh), GST registration is a mandate. GST helps in making the process of business hassle-free in the tax system of India.
Device Doctor India will guide you to get a PAN, TAN, and GST number to keep your business in perfect compliance and eliminate the possibility of regulatory penalties.
Step 7: Draft the Memorandum and Articles of Association (MoA & AoA)
For a private limited company, or LLP, MoA and AoA are drafted. MoA and AoA are the documents containing the objectives, activities, and method of managing the company.
- MoA involves the purpose and objectives of the company
- AoA: AoA deals with the internal management and operational procedures in the company.
After preparing the documents, they are submitted online via the MCA portal. Device Doctor India suggests a legal draft so that your company’s MoA and AoA comply with the regulations.
Step 8: Obtain Incorporation Certificate
After the MCA verifies all your documents, you will be given the Incorporation certificate. Now, a certificate of incorporation is a legal recognition of the business in India. With your corporate identification number or CIN, the certificate makes your business official. At Device Doctor India, we believe this step does not go unnoticed because it’s important legitimation and growth validation.
Step 9: Open a Business Bank Account
A Business bank account is refer to as the disconnection of the personal and business funds, which, in most cases, becomes a compulsion to get payments received and to control expenses and accounts properly.
- Select a bank that provides accessible business banking services.
- Submit incorporation documents: Incorporation Certificate PAN and AoA
Final stage or step before running the Business is opening a business bank account
Step 10: Comply with Additional Regulatory Requirements
Depending on your type of business, you will require additional licenses or registration. Here are some of the common licenses:
- Shop and Establishment License: Shop and Establishment License: In case you have a commercial place, it is required to obtain a shop and establishment license
- Professional Tax Registration: In some states, there is a mandatory registration of professional tax for the business as well as for professionals
- MSME Registration: The government offers quite a few benefits for small as well as medium-sized enterprises under various schemes.
Why Choose Device Doctor India to Guide Your Business Registration Process
Device Doctor India has always believed in assisting new startups and established corporate firms. And that’s the reason why we feel that we become your best partner for business registration in India:
- Expert Guidance: Our team is well-experienced to understand the laws related to business registration in India. Therefore, you are saved from the pitfalls.
- End-to-End Support: From choosing the right structure to filing all the documents, we are with you at every step.
- Fast and Efficient Process: All paperwork is filed promptly without any delays.
- Post-Registration Services: We don’t get over here; it is from this point that our business marketing and development services handhold you to scale up
Conclusion
Registration of a business in India can be simple with proper guidance and resources. From deciding the structure of the business to acquiring an Incorporation Certificate, every step calls for including careful steps in the process of setting up a legally compliant business that is successful. Device Doctor India can help you with registration as well as marketing and development—everything to ensure success in the competitive Indian market.
When you are ready to make your business idea a reality, contact Device Doctor India today and we’ll lead you step-by-step through the process for the business registration in India.
FAQs on How to Register a Business in India
Q- 1. What are the basic documents required for registering a business in India?
Ans- Registering a business in India would require identity proofs for directors, which include PAN and Aadhar cards, address proofs, DSC, and DIN. According to the business formation structure, sometimes other documents, such as MoA, AoA would be required.
Q- 2. How long does it take to register a business in India?
Ans- That is, the time it takes to register a business in India is relatively between business structures, accuracy of documents, and processing time taken by the regulatory departments. A general estimate would be anywhere between 7 to 15 days. If one’s documentation is in order and he or she receives proper guidance by experts such as Device Doctor India, then one may often find help for acceleration.
Q- 3. Can a foreign national or non-resident Indian (NRI) register a business in India?
Ans- Yes, foreign nationals and NRIs can register their business in India. However, certain legal compliances are involve with obtaining a valid visa, opening an NRE/NRO bank account and others with providing other documents like a passport, etc. It is advisable to get professional guidance for specific compliance.
Q- 4. Is it mandatory to obtain GST registration for a new business in India?
Ans- You have to register yourself for GST if your business’s turnover is more than ₹20 lakh in a year or if you are dealing in inter-state commerce. Even if your turnovers are lower, you will enjoy input tax credits and enhance the credibility of your business
Q- 5. Can I operate a business without registration?
Ans- Although the unregistered small-scale operation is possible, business registration gives formal legality, credibility, and access to all the benefits, including funding and tax benefits. Business registration also shields you from future legal problems. Hence, Device Doctor India highly advises business registration to be legitimate and get proper growth.
