Table of Contents
Introduction
Starting a business in India can be both an exciting and challenging experience. One of the first and most critical steps in this journey is registering your company. But how much does it actually cost to register a company in India?
This comprehensive guide breaks down the costs associated with company registration, covering government fees, professional charges, and other hidden expenses. Whether you’re a startup founder, an entrepreneur looking to scale, or a seasoned business owner, understanding these costs is crucial for financial planning.
By the end of this article, you’ll have a clear understanding of what it takes to register a company in India and how Filingwala.com can help you get started without breaking the bank. Filingwala.com is a leading provider of legal and accounting services in India, specializing in company registrations, trademark filings, GST, income tax, and other business compliance needs.
Types of Companies You Can Register in India
Before diving into the costs, it’s essential to understand the different types of companies you can register in India. Each type has its own set of rules, benefits, and costs:
1. Private Limited Company (Pvt Ltd)
- Ideal for small to medium-sized businesses.
- Limited liability protection to shareholders.
- Requires a minimum of two directors.
2. One Person Company (OPC)
- Suitable for solo entrepreneurs.
- Limited liability benefits with the structure of a company.
- Only one director and one shareholder are required.
3. Limited Liability Partnership (LLP)
- Best for professional services firms.
- Combines benefits of both partnership and company structures.
- Requires a minimum of two partners.
4. Public Limited Company
- Recommended for large-scale businesses.
- Can raise funds from the public.
- Requires at least three directors and seven shareholders.
Choosing the right type of company is crucial, as it directly impacts the registration cost and compliance requirements.
Costs Involved in Registering a Company in India
The cost to register a company in India varies depending on several factors, such as the type of company, professional fees, and government charges. Let’s break down these costs:
Government Fees
Government fees are mandatory charges for company registration, which include stamp duty, filing fees, and other compliance charges. These costs can range anywhere from ₹1,000 to ₹10,000 depending on the type of company and the state of registration.
| Type of Fee | Cost (Approx.) |
|---|---|
| Name Approval Fee | ₹1,000 to ₹2,000 |
| DIN (Director Identification Number) | ₹500 per DIN |
| PAN & TAN Registration | ₹200 to ₹300 |
| Incorporation Filing Fee | ₹1,500 to ₹3,000 |
Professional Fees
Professional fees are charged by Chartered Accountants (CAs), Company Secretaries (CS), or legal service providers to facilitate the registration process. The charges vary based on the complexity of the company structure and the service provider’s expertise.
For example: Filingwala.com offers competitive rates starting as low as ₹4,999 for basic company registration services, which includes name approval, DIN, PAN, TAN, and incorporation filing.
Additional Costs
Other expenses include notarization, drafting of documents, GST registration, and post-registration compliances. Here’s a quick snapshot:
| Service | Cost Range (Approx.) |
|---|---|
| GST Registration | ₹1,000 to ₹2,000 |
| Notarization of Documents | ₹500 to ₹1,000 per document |
| Annual Compliance Fees | ₹10,000 to ₹50,000 |
Company Registration Fee Breakdown
Private Limited Company
- Government Fees: ₹3,000 – ₹10,000
- Professional Fees: ₹4,999 – ₹15,000
- Additional Charges: ₹2,000 – ₹5,000
- Total Cost: ₹10,000 – ₹30,000
One Person Company (OPC)
- Government Fees: ₹2,000 – ₹5,000
- Professional Fees: ₹4,000 – ₹10,000
- Additional Charges: ₹1,500 – ₹4,000
- Total Cost: ₹8,000 – ₹20,000
Limited Liability Partnership (LLP)
- Government Fees: ₹1,500 – ₹4,000
- Professional Fees: ₹4,000 – ₹8,000
- Additional Charges: ₹1,500 – ₹3,000
- Total Cost: ₹7,000 – ₹15,000
Public Limited Company
- Government Fees: ₹10,000 – ₹25,000
- Professional Fees: ₹15,000 – ₹50,000
- Additional Charges: ₹5,000 – ₹15,000
- Total Cost: ₹30,000 – ₹90,000
These costs may vary depending on the state, service provider, and complexity of the business.
Factors That Affect Company Registration Costs
- Type of Company: As seen above, a Public Limited Company has higher costs due to more compliance requirements.
- Number of Directors/Partners: More directors mean additional costs for DIN and DSC (Digital Signature Certificate).
- Authorized Share Capital: Higher share capital incurs higher stamp duty.
- State of Registration: Stamp duty and incorporation fees differ across states.
- Professional Services: Choosing reputed firms like Filingwala.com can reduce costs through all-inclusive packages.
Additional Services and Their Costs
When registering a company, several other services might be necessary, such as:
- Trademark Registration: ₹6,000 – ₹10,000
- Patent Registration: ₹15,000 – ₹35,000
- ISO Certification: ₹10,000 – ₹25,000
Filingwala.com provides these services under one roof, ensuring that startups and business owners get end-to-end solutions at affordable prices.
Step-by-Step Guide to Registering a Company in India
- Choose a Business Structure
- Obtain Digital Signature Certificate (DSC)
- Get Director Identification Number (DIN)
- Name Approval through RUN (Reserve Unique Name)
- Drafting of MOA (Memorandum of Association) & AOA (Articles of Association)
- Filing for Incorporation
- PAN & TAN Registration
- Open a Bank Account in Company Name
- Apply for GST and Other Registrations as Required
This entire process can take anywhere from 7 to 20 working days. Hiring a professional service like Filingwala.com ensures that every step is handled seamlessly, reducing the burden on business owners.
Benefits of Registering a Company Through Filingwala.com
Filingwala.com is a trusted platform for company registration and business compliance services. Here’s why you should consider their services:
- Affordable Pricing: Starting from ₹4,999 for basic registration.
- Expert Support: Team of CAs, CS, and legal experts.
- End-to-End Services: From incorporation to compliance.
- Customized Packages: Tailored to suit different business needs.
- Hassle-Free Process: They take care of all the paperwork.
For more details or to get started, visit Filingwala.com today!
Conclusion
Registering a company in India doesn’t have to be an overwhelming experience. By understanding the various costs involved and choosing the right service provider like Filingwala.com, you can set up your business smoothly and focus on what matters most — growing your business.
With transparent pricing, expert support, and a hassle-free process, Filingwala.com is the perfect partner for all your company registration and compliance needs.
FAQs
1. What is the minimum cost to register a company in India?
The minimum cost starts from around ₹7,000 for an LLP and can go up depending on the type of company.
2. How long does the registration process take?
Typically, it takes 7 to 20 days, depending on factors like documentation and government processing times.
3. Can I register a company online?
Yes, you can register a company online through platforms like Filingwala.com.
4. What additional registrations might I need?
Depending on the business, you may need GST registration, trademark registration, or FSSAI license.
5. What services does Filingwala.com offer?
Filingwala.com provides services like company registration, trademark filing, GST, income tax, and more.
Ready to get started? Contact Filingwala.com today to register your company and streamline your business journey!
