Why apply for permits and licenses in India?
Obtaining permits and licenses is one of the main requirements when starting a company in India. All businesses registered here have to obtain certain permits and, depending on the business activity developed by the company, additional licenses can be required. The procedure for obtaining business permits in India can vary depending on the company’s business form, the number of employees or the Indian location in which the company will operate. Our team of specialists in company formation in India can offer consultancy services related to the procedure of obtaining permits for local businesses.
What are the main types of Indian permits and licenses available for local businesses?
The procedure for obtaining permits and licenses can vary on the above mentioned factors, but, as a general rule, those who want to register a company in India will need compulsory registration permits for taxation or permits available for specific types of businesses, as presented below:
- Udyog Aadhar Registration – this is a type of permit available for micro, small and medium sized enterprises and the eligibility is given by the company’s investments in plant and machinery;
- Goods and Services Tax (GST) Registration – the term refers to the registration for valued added tax, known in India as GST, a requirement which is also imposed to natural persons operating in their own name on the supply of goods on the Indian market;
- FSSAI License – the Food Safety and Standard Authority of India (FSSAI) provides licenses on for all local operators such as restaurants, outlets, retail stores and other similar businesses;
- Import Export Code – any business which is involved in trading activities in India is required to obtain this license.
Which are the additional business licenses available in India?
Depending on the business activities conducted by investors starting a company in India, businesses may need permits issued by the fire department, construction permits, health trade licenses and others. Our team of consultants in company registration in India can offer in-depth advice regarding other types of licenses available here.
Businessmen are invited to address to our team of representatives, who can advise on how to form a company in India and who may offer tailored assistance on the compulsory permits available for a specific type of activity carried out on the Indian territory.