How to Register a Trading Company in India

How to Register a Trading Company in India



Trading companies are global B2B traders highly specialized in a specific segment of goods. They have strong relationships with factories and can offer lower minimum order quantities, which makes them more attractive to small-sized businesses. In addition, they can also help to ease out export and invoicing procedures.

In India, registering a trading company involves completing various steps, as discussed below. Investors can register a trading company as a private limited or a public limited entity. Moreover, they can also select either a foreign or an Indian business name for the company. In addition, the business owners will have to register their trading company with the local tax authorities and take appropriate steps for GST registration in India.

Investors wishing to start a trading company should first submit an online document, the eForm 1 with the Registrar Of Companies (ROC). In case of a public limited entity, investors will have to also file the eForm 3 and the eForm 5 with the ROC. Once the application has been approved, the ROC will assign the company with a unique 21-digit Corporate Identity Number.

The next step is to apply with the Directorate General of Foreign Trade, which acts as an arm of the Department of Commerce under the Ministry of Commerce and Industry, for importer/exporter code. The Directorate General will then verify the documentation submitted by the company. It will then issue an Importer Exporter Code to the applicant. It is highly recommended that the company registers with the Export Promotion Council as well. This will help the company to receive various benefits from the government, including tax exemptions on imports and exports.

 

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