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Here is the list of most common Business Licenses in India that your business might require:
- Factory Licence: The factory setup in India for a foreign venture/otherwise requires a lot of formalities to fulfil. Once a Company Decides to enter into Indian market, it’s important for them to understand the Manufacturing facility location and other benefit.
- Import Export Code: All Importers/ Exporters must mention their Import Export Code while clearing customs when their goods arrive in India. All exporters must mention their IE Code while exporting their goods from India. Thus, any person wanting to deal in any import or export transaction must get him registered with Directorate General of Foreign trade by obtaining IE code.
- Food Business Operator License: A Food Business Operator License is a license granted by the Food Safety and Standards Authority of India. The Food Safety and Standards Act, 2006 has made it mandatory for entities involved in the activities related to the entity to carry on activities related to any stage of manufacturing, processing, packaging, storage, transportation, distribution of food, import and includes food services, catering services, sale of food or food ingredients.
- ESI Registration: Employee’s State Insurance (ESI) is a self-financing social security and health insurance scheme for Indian workers.it offers an economic & medical assurance to workers and its dependents. Besides providing medical benefits to workers and its dependents it also insures worker from temporary or permanent disablement and sickness.
- EPF Registration: Employees’ Provident Fund & Miscellaneous Provisions Act, 1952 is social security legislation for the future benefit of employees & their dependents; in case of unfortunate incidents occurring in the future. Every establishment which is a factory engaged in any industry in which 20 or more person is employed.
- MSME Registration: MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act.it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support. MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories
- Start-up Certificate: Start-up certificate will be issued by DPIIT. Required help will be provided by us for the eligible entities. Having Start-up certificate will help in Tax exemptions.
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