The city of IT hub, Bangalore is known as the Silicon Valley of India. Bangalore attracts many domestic and international technology companies. Many technology giants and innovative businesses are established here. So, if you are also looking to register a company in Bangalore, then this article is for you.
To register a company anywhere in India - read our dedicted article - Company Registration Process
Check the complete procedure of a company registration in Bangalore, with the eligibility, documents, fees, and charges.
Different Types of Company Registration in Bangalore
To register a company in Bangalore, a business owner can choose from the following type to set up a business. Choose a type that goes with the company’s goals. Following are the different types of company registration in Bangalore:
- Sole Proprietorship: is best for small business owners who want low risk and low profit. Here you will be liable for all the profit, losses, and debt.
- Partnership Firm: best for entrepreneurs who want to establish a simple setup for business that doesn’t require much reporting and can be easily dissolved.
- Limited Liability Partnership: is ideal for partners who want to take limited liability based on the amount they invest in the business.
- Private Limited Company: is a small business that limits the liability of shareholders and restricts the public trading shares.
- One Person Company: is run by an individual who wants to take advantage of the limited liability company.
Benefits of Registering a Company in Bangalore
Registering a company in Bangalore has many benefits, and some of these are as follows:
- Startup-Friendly Environment: When it comes to starting a business, metro cities are the best because it connects people from every point of the city. And you see that major metro cities are the hub for start-up unicorns.
- Simple Yet Easy: The company registration process is now completely online which is easy to follow and no large paperwork is required.
- Single Consolidated Form: Through the MCA website or at the Central Registration Centre, applicants have to fill out only one form to register a company in Bangalore.
- No Incorporation Fees: registration fees for small companies and startups is none which encourages them to register their business.
Eligibility Criteria for Company Registration in Bangalore Online
The entrepreneur must fulfill the following requirements before registering a company in Bangalore:
- The company should have a unique name that is not similar to an existing company
- Must have one director in the case of OPC, two for a private company, and three for a public company.
- Must have 2 minimum and 200 maximum shareholders, here the directors and the shareholders can be the same people.
- Must have a registered office address in Bangalore for doing business activities
- Can include foreign directors but must have at least one Indian citizen director.
- Directors must have a DIN number and shareholders must have a digital signature certificate.
- Must prepare a Memorandum of Association (MoA) and Articles of Association (AoA).
Documents Required for Company Registration in Bangalore
The following documents are required for company registration in Bangalore:
- PAN Card of all the directors and shareholders
- ID proof of all directors and shareholders, and it can be following
- Aadhar Card
- Voter ID Card
- Driving License
- Passport
- Ration Card
- Address Proof of all the directors and shareholders which can be any of the following:
- Bank account statement
- Latest electricity/ water/ internet bill (not older than 2 months)
- Address proof of the company, which can be any of the following:
- Rental agreement
- Electricity bill
- Latest property tax receipts
- Property registration certificate
- NOC from the owner
Registration Fees and Charges for Bangalore
The cost will depend on the size of the legal entity and the share capital invested. To register a company in Bangalore the registration fees and charges for Bangalore can be the following:
- OPC Registration - INR 9999*
- LLP Registration - INR 8999*
- Private Limited Company Registration - 9999*
The registration fees and charges which are mentioned above can vary, so it is advisable to contact our expert for the right pricing details.
The Procedure of a Company Registration in Bangalore
The process to register a company in Bangalore is completely online and paperless. The applicant has to fill out the form and submit the application on the MCA website or at the Central Registration Centre (CRC), the process on both platforms is similar.
Below is the following process to register a company in Bangalore through an online platform:
- First, fill out the SPICe+ form to register the company in the Part-A of the form
- And, in Part-B fill the company details
- File the electronic MoA and AoA.
- To open a bank account and register EPFO, ESIC, and GSTIN, fill out the AGILE-PRO form.
- Upload all the required documents which are mentioned above.
- Submit the form on the MCA website with the declaration by any professional.
- Pay the registration fees and charges for Bangalore with ROC stamp duty.
- The CRC will process the application and send it to ROC when all the documents are proper.
- Once ROC will check the documents, will issue the following:
- Company Incorporation Certificate
- Company PAN number
- Company TAN number
How Registrationwala Can Help You?
At Registrationwala, we assist you to register a company in Bangalore in just a few steps. We take care of all the documents and application form filling to help you complete the process fast. So, connect with our experts to know the process to register your dream company in Bangalore.
