Company Registration in Andaman and Nicobar Island

Company Registration in Andaman and Nicobar Islands

Register Your Company in Andaman and Nicobar Islands with Ease

Services included in our Company Registration Package:

  • Company Name Registration
  • Incorporation Certificate
  • Memorandum of Association (MoA) & Articles of Association (AoA)
  • PAN & TAN Registration
  • Digital Signatures
  • ESI & PF Registration
  • Bank Account Opening
  • Registered Office Form Filing

Types of Company Registrations in Andaman and Nicobar Islands

  • Private Limited Company
    A Private Limited Company is a business entity formed by a group of shareholders with limited liability. It is regulated under the Companies Act, 2013 and is suitable for companies with high aspirations.
  • One Person Company
    One Person Company (OPC) is a type of Private Limited company where a single individual can be the director and member. It combines the features and benefits of both a Private Limited Company and Sole Proprietorship. The owner can be an Indian or NRI.
  • Limited Liability Partnership
    Limited Liability Partnership (LLP) is a combination of a Partnership Firm and a Company. It is regulated by the LLP Act, 2008. LLPs are preferred by experienced professionals and new startups due to their flexible structure.
  • Nidhi Company Registration
    Nidhi Company registration refers to establishing a financial institution that operates for mutual benefit within a specified group of members. Nidhi companies primarily focus on cultivating a savings and thrift culture among members while providing financial services.

Benefits of Company Formation in Andaman and Nicobar Islands

  • Easy Funding
    Registered companies have better access to investments and credits from banks, enabling quick and easy funding for business growth.
  • Save on Tax
    By enabling pensions, provident funds, and sharing dividends, businesses can reduce their tax liability. This provides value to stakeholders, as business tax payable is generally lower than individual taxes.
  • Recognition
    Private Limited companies have better recognition and scalability compared to sole proprietorships. Various relaxations and provisions are given to companies for expansion and growth.
  • Attract Talents
    Private Limited companies, being legally established and credible, have higher chances of attracting a talented workforce. Registered companies can also offer employee benefits like ESOP (Employee Stock Ownership Plan).

Documents Required for Company Registration in Andaman and Nicobar Islands

  • ID Proof - Adhar Card/Voter ID/Passport
  • Address Proof
  • Registered Office Address
  • PAN Card
  • Digital Signatures of Directors
  • Director Identification Number (DIN)

Checklist for Company Formation in Andaman and Nicobar Islands

  • You have to make decisions on partners and choose wisely.
  • After thorough research, decide the type of partnership firm to establish.
  • Decide Partnership Firm Name, capital contribution from each partner, place of business, and other general terms.
  • Draft a sound "Partnership Agreement" with clearly written terms and conditions. If you are unsure about the draft, our experts will help you to draft the Deed. Speak to our expert now.
  • Get Approval & Written Signature From All the Partners.
  • After verification & approval, you will receive a Partnership Firm Registration certificate aka Incorporation Certificate.

Company Registration Process in Andaman and Nicobar Islands

  1. Apply for DSC & DIN for designated directors.
  2. You've to submit the name for verification & approval. The decided company name is submitted to MCA with fixed fees.
  3. Once the name is approved, it is kept for 15 days, within that you should file a form with ROC for incorporation.
  4. File the Company details in Part B of the SPICe+ Form.
  5. File the MOA & AoA online with MCA.
  6. Apply for the EPF, ESI, Professional Tax & GSTIN registrations.
  7. Submit all the documents by signing them with the DSC of directors & declaration by the Chartered Accountant.
  8. Pay the registration fees & ROC Stamp duty on the MCA website Online.
  9. The application will be processed & forwarded to ROC once all the documents are submitted properly.
  10. Then ROC shall register the company & will provide the Incorporation Certificate, PAN & TAN of the Company.

Cost of Company Registration in Andaman and Nicobar Islands

The cost of company registration in Andaman and Nicobar Islands depends on factors such as the type of company, share capital, and the number of directors and shareholders. The general fees for registering a company in Andaman and Nicobar Islands are as follows:

  1. Private Limited Company Registration – ?9999*
  2. Cost of OPC Registration – ?9999*
  3. Cost of LLP Registration – ?11999*

The registration cost may vary. Contact our experts at Efilingcompany for detailed pricing on Company Registration in Andaman and Nicobar Islands.

*The charges mentioned here vary based on professional fees, business type, number of directors, and members.

FAQs on Company Registration in Andaman and Nicobar Islands

Question 1: How long does it take to register a company in Andaman and Nicobar Islands?

Answer 1: The registration process typically takes around 10-15 business days, depending on the completeness of documents and government processing times.

Question 2: Can foreign nationals or NRIs register a company in Andaman and Nicobar Islands?

Answer 2: Yes, foreign nationals and NRIs are allowed to register a company in Andaman and Nicobar Islands. However, they need to fulfill certain requirements and comply with applicable regulations.

Question 3: What are the post-registration compliance requirements for a company in Andaman and Nicobar Islands?

Answer 3: After company registration, there are ongoing compliance requirements such as filing annual returns, conducting regular board meetings, maintaining proper accounting records, etc. Our experts can guide you through the compliance process to ensure your company remains compliant with the regulations.

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