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How to start Mobile app Development Company in India

Neeraj Panchal 1057 25-Dec-2018

How to start Mobile app Development Company in India

Introduction

Starting a company is not as easy task and starting a mobile app development company requires a good team and a good business model for running your business smoothly. If you are thinking of starting a mobile app development company then you should first conduct a market research then you have to make a business model and according to business model you can execute the plan. Business registration is also important for validating your business so this article will give you an idea about the business registration which should be done by you.

How to start Mobile App Development Company in India

  • First thing you have to do is a market research because it is very import to conduct a market research before starting your company. Starting a company is not an easy task and business registration is also important to validate your company. After conducting a market research you will get to know about the many things like you will get to know about profit generation from this business, cost of making an app, how many employee you want for your company, how much investment needed for this business and you will get know about the competition and prices of competitor so you can set your prices of services according to market condition. After conducting a market research you have to make a business plan so it will be easy to regulate your business. Then you have to hire employees, have to purchase equipment and have to find a location where you will make your mobile app then you can start your business.
  • Business registration is most important thing for your company because without business registration under recognized authority your business will not be a valid entity. A company can be incorporate if there are two or more person carrying a business. You can incorporate your business as a private limited company through its registration which can be done online. You can visit the official website of Ministry of corporate affairs where you register your company. Process of registration is very simple, you have to get your directors identification number and digital signature of proposed director and after getting these you can file your incorporation form along with required documents and after successfully submission of your incorporation form your documents will be verified by the authority and then you will get your incorporation certificate. Business registration is important for making your company as a separate legal entity which can sue or can be sued. 
  • If you are thinking of mobile app Development Company in India then you should register your Import export code (IEC). IEC registration is required for exporting and importing of goods and if you are making an app which is doing export and import then you have to get Import and export code for that mobile application. IEC registration can be done through online mode for which you have to visit the official website of Directorate general of foreign trade (DGFT) or you can click on this link http://dgft.gov.in/IEC is 10 digit code which is issued by the DGFT and it has life time validity so if you are making an app which is dealing with import and export then you have to get your Import and export code from DGFT.
  • After starting your business you have to take care of your accounts and financial statement and you have to comply with the rules and regulation of Ministry of corporate affairs because it is mandatory to file your financial and annual statement to the registrar of companies. Filing of
  • Tax is also important and mandatory thing as per according to taxation laws in India so you have to take care of this. In case if you not filed your income tax then you may have to pay huge fine on it or you may get punishment of imprisonment. You can file your income tax through online mode. Income tax efiling can be done through the official website of Income tax efiling or you can click on this link https://www.incometaxindiaefiling.gov.in/home

Conclusion

As you can see in above article that market research is important for your business and business registration is also important for making your company as a separate legal entity which can sue or can be sued. Business registration will give you protection under the laws and it will validate your business. As you can see above that getting an IEC code is also important for you if you are making an app which doing business of import and export and after starting your business you have to take care of all compliances which is required by the registrar of companies and you have to file your income tax in prescribed time so you don’t have to face any problems. So if you are thinking of starting a new business then you should take care of above given registration.



Updated 26-Dec-2018

I am a blogger and Digital Marketer.


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