How to register exporting company in Kerala

Register Exporting Company in Kerala

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Business of exporting goods or rendering services abroad from India aids economic development of the country due to the inflow of foreign currency. Identification of market and selection of quality products are the essential factors for export business. Government of India, in order to promote export, provide incentives in various forms for exporters. For example, exports are exempted from goods and services tax and the tax paid on the inputs used for manufacturing goods are eligible for refund. An exporter can get further benefit, from exchange rate fluctuations too.

You may export Spices, Sea foods, Garments, Gems, precious metals, Pharmaceuticals, electronic products etc.

You can carry out exporting business in the form of a sole proprietary business, partnership firm, company, limited liability partnership etc. If you are planning for a small scale business, sole proprietary form of business will be appropriate. If you have plans to develop your business to a strong market player, company form of business will be the best choice.

Company form of business offers following advantages

  • Brand building
  • Easy availability of finance
  • Limited Liability
  • Enhanced scope in global market

Now, registering your company is an easy process. Due to the recent initiatives of the government a company can be registered even in one day.

A Company can be divided into three based on its basic characteristics.

  • One Person Company with one member and one director
  • Private company with minimum two members and two directors
  • Public company with minimum seven members and three directors

 

Procedure for registering your company

  • Obtain Digital Signature Certificate (DSC)
  • Obtaining Director Identification Number (DIN) for Proposed Directors
  • Checking Name Availability
  • Preparation of Memorandum of Association, Articles of Association, Declarations, Affidavits and other documents
  • Filing forms for incorporating company along with the application for PAN and TAN of the Company
  • Make Payment for application for registration along with stamp duty based on the authorized capital of the proposed company and the fees for PAN and TAN
  • Obtaining Certificate of Incorporation
  • Post Incorporation works

Basic Documents required for registering your company

For Digital Signature

  • Pan Card and Address proof of the applicants (Passport in case of foreign national)
  • Passport Size Photograph of the Applicant

For Director Identification Number

  • Pan Card and Address proof of the proposed Directors (Passport in case of foreign national)
  • Passport Size photo of proposed director
  • Personal details of the proposed director

For Company Registration

  • Proposed name of the company
  • Electricity Bill/ Mobile Bill/ Telephone Bill/ Gas bill (not older than two months) of the proposed registered office of the company

 

If you need assistance in registering your export business as a company, contact us

Note – In order to carry out export business, an exporter shall obtain Import Export Code (IEC) from DGFT. Read:Procedure to obtain Import Export Code

Sreenu T, is a fellow member of The Institute of Company Secretaries of India and holds post graduate degree in Commerce and LLB. He is currently pursuing his profession as a practicing company secretary in Kerala.

He is fond of assisting entrepreneurs in setting up their business and ensuring good governance. Besides consulting he is a faculty in the field of Financial Management, Forex, Goods and Services Tax and Music.
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