The most popular and preferred business registration type in India is Private Limited Company for start-ups not only because of its flexibility but also in term of compliance exemption provided by the government. It is kind of business registration which can easily raise fund from the financial institutions, angle investors and banks.
Even foreign nationals, foreign Body corporate or NRIs can be the directors or owner of a Private Limited Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters. Now a days Private Limited Registration is just of 4 to 5 days completely online process due to ease of doing business initiative taken by Government. The number of business registration in India has increased drastically in past few years, which clears that how people are leading to their goals by standing their own startup.
Invest as per your requirement; you don’t need to maintain a minimum level of capital. You can even start your company by investing Rs. 10 as your capital.
It opens lots of doors for taxation benefits in the form of tax deductible cost, allowances and expenses of the company which reduce taxation burden.
Transfer or sharing of business ownership is quite easy in Private Limited. You can easily allot or transfer shares from one person to another person.
Venture Capitals, Banks, Financial Institutions prefer to provide funding to Private Limited Companies as compare to other kind of entities.
Foreign citizen or NRI’s can also be director in Private Limited Company. A person who is NRI or foreign citizen can easily register a company in India.
A Private Limited Company is a Legal Entity separate from its directors or shareholder having right to own or sell any kind of property or rights.
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