Kerala is looking forward to boosting up its business hub as well as economy. How to set up a business in Kerala is a relevant question! Starting your own business is always a big deal. Crucial steps have to be taken while setting up a business in Kerala. ‘Do’ s and ‘Don’t ‘s are infinite. Business set up in Kerala goes through various stages. The first and foremost step is Business Registration. A company or business can run smoothly if registered as a legal entity. Limited liability is a key benefit of a registered company. There are different types of company registrations in Kerala
Company registration in Kerala
Experience .Reliability .Ethics
Pvt Ltd Company Formation
Your plan to start a new private Limited Company in Kerala will become easy with the help of our expert panel by the fastest company formation services and provide you the expert’s opinion.
Limited Liability company (LLP)
LLP is a new corporate structure that combines the flexibility of a partnership firm and the advantages of limited liability of a company with fewer compliance. This newly introduced business type.
One Person Company
Your idea to start an OPC Company is the most prevalent and popular type of corporate legal entity in Kerala. Our key personnel will guide you to follow by providing the required documents.
Business setup in Kerala
Business setup in Kerala is made easier and is 100% online with Framemycompany.com
Everyone has their unique business setup idea, promotions, and funding. Some of the growing businesses are:
- E commerce
- Information Technology
- Import and Export
- Food manufacturing and trading
Startup company entrepreneurs must register their company before launching a service or producing a product to the market. The company must be legally registered to overcome all issues relating to social-economic factors.
There is three major business entity registration you can choose for depending upon the purpose of your products and services.
1 You can rely upon us for the fastest service
2 Get your company registered in 10 days
3 Very affordable pricing for your company registration
4 Higher transparency level while compared to other consultants
1. PRIVATE LIMITED COMPANY
Registering a company in Kerala grants many benefits. A company or business can be run smoothly if it is registered as a legal entity. Limited liability is a major advantage of a registered company. It increases the authenticity of the business results in scope of progress, prosperity and stability.
Advantages of PVT LTD
- Stay away from personal liability, losses and other risks
- Increases the potentiality to expand and grow
- Provide better stability and capital contribution
- Draw more customers
- Easy to get bank loans and investment
Documents required
- Id proof and address of directors and shareholders of the company
- Address proof of the registered office address
- DIN (Director identification number) of all directors
- DSC (Digital signature certificate)
- Original copy of the formal letter by ROC
MANDATORY COMPLIANCES THAT MUST BE MAINTAINED
- Filing of Form inc-20A
- Appointment of Auditor
- Board and Annual General Meeting
- Preparation of Annual Financial Statements
- Filing Annual Return
- Maintaining Statutory Records
- Tax compliances
- Statutory Audit
- DIR-# Kyc
- DPT-3 Return
- MSME Return
2.LIMITED LIABILITY PARTNERSHIP (LLP)
LLP Registration is a very popular business entity in Kerala. The main advantages of limited liability partnership (LLP) are statutory compliances are a low, more tax-efficient entity, liabilities are limited to designated partners, the best way to build a scalable business and recommended for professional service providers and Start-up companies
Advantages of LLP
- Limited liability
- Low maintenance cost
- Maximum number is unlimited
- Easy to convert Pvt Ltd
- Easy to wind up
- One partner not responsible for other partner misconduct
Documents required
- Id proof and address of directors and shareholders of the company
- Address proof of the registered office address
- DIN (Director identification number) of all directors
- DSC (Digital signature certificate)
- Original copy of the formal letter by ROC
MANDATORY COMPLIANCES THAT MUST BE MAINTAINED
- Nil
- Nil
- Nil
- Preparation of Annual Financial Statements
- Filing Annual Return
- Nil
- Tax compliances
- Audit is mandated above 40 lakhs
- DIR-# Kyc
- Nil
- Nil
3.ONE PERSON COMPANY (OPC)
OPC is evolved from the companies act of 2013. In OPC, a single person can act as director and shareholder of the company. If the entrepreneur is starting a self-owned business, then OPC is the best option. If the company grows well and exceeds a turnover of 2 crores then it can be converted to a private limited company.
Advantages of OPC
- Standard legal compliance
- Ideal tax compliance
- One director for incorporation
- Liabilities are limited (Not extent to their personal asset)
- Increase brand image and this is recommended for sole business promoters
Documents required
- Id proof and address of directors and shareholders of the company
- Address proof of the registered office address
- DIN (Director identification number) of all directors
- DSC (Digital signature certificate)
- Original copy of the formal letter by ROC
MANDATORY COMPLIANCES THAT MUST BE MAINTAINED
- Filing of Form inc-20A
- Appointment of Auditor
- Nil
- Preparation of Annual Financial Statements
- Filing Annual Return
- Nil
- Tax compliances
- Statutory Audit
- DIR-# Kyc
- DPT-3 Return
- MSME Return
PVT LTD Company
- DIN
- DSC
- Name approval
- Drafting MOA and AOA
- Certificate of incorporation
- PAN and TAN
- ESI and PF
- Assistant in bank a/c opening
OPC Company
- DIN
- DSC
- Name approval
- Drafting MOA and AOA
- Certificate of incorporation
- PAN and TAN
- ESI and PF
- Assistant in bank a/c opening
LLP Company
- DIN
- DSC
- Name approval
- Drafting of LLP Agreement
- PAN
- TAN
- Certificate of Incorporation
- Assistant in bank a/c opening
Simple to acquire
Consult with us, fill the form, submit required documents, pay the fees, within a time duration you will get your certification
Fastest service
You can get your company registration in 10 days
Free Consultation
Expertise delivers a valuable piece of stuff to your business
Customer support
Lifetime free call support
Valuable Clients
We understand your requirement, value your time and money
No hidden charges
Competitive pricing for all your company registration
The latest modifications amended by the MCA have made it much easy to register
companies of any manner. If you possess all your documents in place, it only take about 8 – 10
days to register your company.
The latest modifications amended by the MCA have made it much easy to register
companies of any manner. If you possess all your documents in place, it only take about 8 – 10
days to register your company.
Yes, you must submit following documents with Registrar of companies
• Full accounts
• Balance sheet
• P&L Accounts
• Directors report and auditors report
It is not that much necessary to be present in India during the incorporation of the company if you
have your address proof and passport attested by the concerned embassy.
In case you are coming to India on a business visa, you can attest all the documents during your
India visit.
In a LLP enterprise, the LLP Partners acquire ownership of the LLP and holds powers to
run the LLP. So, a partner in an LLP will be both a manager and owner, whereas in a Private
Limited Company, the owners don’t necessarily have to hold management powers.
In Private Limited Companies, a minimum limit of 2 shareholders and a maximum limit of
200 shareholders are needed during the incorporation. Also, the shareholders of the private
limited company can be any entity. While in OPC, only one person and one
shareholder are needed to form and run the company.
• Minimal liability
The Company exists as a distinct legal body from its members. The liability of the company is
varied as from its members of a company. Liability for repayment of debts and lawsuits sustained
by the Company lies on it and not the owner.
• Perpetual Succession
A Private Limited Company holds perpetual succession. Perpetual Succession refers to that the
company will continue to exist even if the member dies or ceases, etc. Modifications within
the management do not make any effect on the company identity, the Company will
persist at the same level with identical privileges, immunities, and possessions.
• Ease of Transferable Ownership
• Separate property
• Minimal tax burden
• Better creditworthiness
• Ease of selling the business
• Better governed and multiple relationship with directors
No. It is not compulsory to have an office for your company. You can use the virtual office
for company incorporation, GST registration, etc. Since the virtual office provides you a
professional address it can be utilized for all your business queries and emails. Virtual offices can
be established in different cities like Mumbai, Delhi, Banglore, etc. It does not require any office
lease, no utility payments, no hardware, and more of the other costs.
To register a company,
• You require a registered address
• NOC from the proprietor.
• Newest Utility Bill Copy
• Virtual Office Agreement Copy
You need to query the virtual office providers that you’re going to register your business on
that address and if they allow that facility then you’re fine to go. Costing of a Virtual Office for
business registration is a little higher than normal services with a mail handling facility.
Procedure for company incorporation in Kerala
Minimum members and Directors
In order to incorporate a PVT LTD Company, it is necessary to have a minimum of two members along with two directors. An individual can be a director as well as a member.
Digital Signature Certificate
Class 2 Digital Signature Certificate or DSC is mandatory for all the shareholders and directors. MCA forms submitting by affixing DSC.
Director Identification Number or DIN
Similarly, Director Identification Number or DIN is mandatory for Directors of Private Limited Company
Authorized share capital
A minimum amount of one lakh rupees should be the authorized share capital for the proposed PVT Ltd Company.