Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
India is one of the fastest-growing economies in the world and is a hub for start-ups. Growing businesses in different sectors are contributing to the economic growth and development of India. To establish a business in India, several permits and licenses are mandated to legally operate a business. Each country has its laws prescribing permits and licenses. India has liberalized several laws in recent years, making it simpler for entrepreneurs to set up businesses in India. Many factors such as the number of employees, industry, type of business, location of the firm, etc affect the permit requirement differently.
Permits are important for carrying out any type of business in any sector or industry. A business that obtains all permits and licenses stays away from any kind of legal trouble. Permits guarantee that no one is harmed in any manner as a result of the business formation. Permits and licenses also ensure that the business is not involved in any illicit commercial operations and keeps a track of when and where is the business or trade being conducted. Thus, it is mandatory to obtain business registration in India for the benefit of the business entity. Further, the municipality or the state in which the business is carrying on its business requires the business to obtain several permits and licenses to grant approval for carrying on business in its locality or state. These permits and licenses allow the regulatory authorities to keep a check on the businesses to see if they are abiding by the law.
There are three eligibility criteria to fulfill in order to obtain permits and licenses for setting up a business in India. They are:
The list of business permits and licenses required for setting up a business in India is as follows:
Every business irrespective of its structure requires certain permits and licenses from government agencies to register the business. Further, certain businesses are involved in managing and providing security and safety, financial services, broadcasting, Defence services, etc. They require permits and licenses from public agencies such as the RBI, IRDAI, Fire Station, Pollution Control Board, RTO and so on. Due to this, it becomes very important to determine and know the legal formalities associated with obtaining every business permits and licenses in India.
Read our Article: How to Start a Profitable Small Business in India
The Reserve Bank of India (RBI) has taken a historic step in India's financial sector. The bank...
The financial sector is changing in the current digital era. Banking is no longer limited to ju...
The Indian financial market is diversifying and fast-changing. Making the right decision for in...
If you are an Indian seeking to live in the beautiful country of Sweden, 2025 is the right time...
Social Stock Exchange (SSE) is a platform where social welfare organizations and social enterpr...
Are you human?: 1 + 5 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
What is the Mandatory Compliances for Incorporating Company in India? Company Incorporation Compliances. The Minist...
29 Jun, 2019
One Person Company (OPC) is a unique business structure under the Companies Act, 2013. It is specially envisaged an...
17 Oct, 2024