As a construction contractor, having a registered construction company can provide you with many advantages. Not only does it open up new opportunities for business growth and expansion, but it also allows you to protect yourself from legal liabilities and financial risks. So, if you are planning to start a construction business, these essential construction company registration must be done for sure!
Setting up a construction business in India can be an exciting and rewarding venture. However, before you can start building your empire, you must first go through the contractor registration process.
In India, you don't need to be a qualified engineer to take up contracting jobs - but having a technical degree can definitely help.
It will open more opportunities and build trustworthiness in your skillset.
Anyway, getting back to the point, if you are wondering how to become a contractor in India, you must obtain a license from the Government.
Applying for a contractor license is easy!
Just visit the PWD office in your local area and request an application form.
Fill it out and attach the necessary documents like your PAN Card, Degree, and Marksheet and you are good to go!
The next step is legally registering your business with the Ministry of Corporate Affairs (MCA).
Registering a construction business in India can be a daunting task, especially if you don’t know the legal requirements.
To ensure that your business is properly registered and compliant with the law, get in touch with our experts.
Most construction companies prefer to go for private limited company registration online as it is preferred by investors and clients.
However, the decision actually depends on your scale of business and requirements.
Here at StartEazy, we are ready to make your journey into the construction business easier by helping you choose the right legal structure and registering you promptly.
Private Limited Company or One Person Company
Limited Liability Partnership or Partnership Firm
GST registration is an essential step for any construction company in India to become compliant with the Goods and Services Tax (GST) laws.
Therefore, if your aggregate turnover in a financial year exceeds Rs. 20 Lacs or 10 Lacs in the Easter States you must apply for GST Registration.
The HSN Code for Construction Services is 9954.
By specifying the HSN code, businesses don't have to provide detailed descriptions of their goods during GST returns.
Partnership or Limited Liability Partnership
Private Limited Company
The Shop and Establishments Act registration is required to ensure that the company complies with the rules and regulations of the state in which it operates.
Moreover, it also helps in getting tax benefits and other facilities.
Therefore, if you are running a construction company in India, you must apply for the Shop and Establishments Act Registration for your office as soon as possible.
MSME registration of your construction company in India is a must if you want to avail the numerous benefits provided by the government.
It will provide your construction business access to government subsidies, tax benefits, and loans at lower interest rates.
To be eligible for MSME registration, you must fit into the below criteria:
Trademark registration is a must for a construction company to protect the company's name, logo and other intellectual property from being used by others.
By registering a trademark in Class 37, a construction company can ensure that its identity and reputation are protected from unauthorized use.
Applying for trademark registration is a relatively simple process, but the approval takes approx 8-10 months.
Sole Proprietorship or Partnership
Pvt Ltd Company, One Person Company or Limited Liability Partnership
Once approved, your construction company will be able to use its trademark to identify itself in India and globally.