Introduction
Udyog Aadhar is a government-issued identity card for individuals, which allows them to open an account and start a business in India. With this card, you can open bank or other financial accounts as well as get discounts on utility bills and other services from various companies. You need to have your own company before applying for this card but if you don’t have one then there are several ways that can help you get started with the necessary documents required for setting up your own business entity.
What is Udyog Aadhar?
Udyog Aadhar is a unique identification number for businesses. It’s issued by the Ministry of Corporate Affairs (MCA) and can be used as proof of registration with MCA, as well as other government agencies such as the Income Tax Department.
The 12-digit number is valid for 5 years and must be renewed every year before it expires in July 2023. The cost of renewing this license varies depending on what kind of business you have—it ranges from Rs 1,500 to Rs 2,000 per year—and there are different costs depending on whether your company has more than two employees or less than 10 employees; if you’re unsure about how much your renewal will cost, simply call up MCA’s customer care service at +91 122 6600100 (for Mumbai), +91 22 2670333 (for Delhi) or +91 12 28006666 (for Bangalore).
What are the Advantages of Udyog Aadhar?
Udyog Aadhaar will help you to get a loan from a bank. You can also apply for any government subsidy or license, if required by you.
Do I have to have a company to get an Udyog Aadhar?
You can start a business even if you are an individual. If you want to get an Udyog Aadhar, it is not necessary that your company should be registered with the Registrar of Companies (ROC).
You may also need to have a partnership firm to avail this benefit. In such cases, all partners will have to give their fingerprints and photographs for getting their Aadhaar card as well as other documents related to business/finance etc., which may require them time and cost money at times.
What documents do I need for Udyog Aadhar Registration?
Documents required for Udyog Aadhaar Registration:
- Proof of identity and proof of address. You need to submit your PAN number, driving license or voter ID card. If you are not a resident, then you can also provide proof of business name and address.
- Proof of business activity (if applicable). If your organization is registered with the state government, then this document will help in getting Udyog Aadhar registration done easily without any hassle!
How to register?
You can register online or offline. If you have a company, then you need to get an Udyog Aadhar for your business.
Registering Online: To register your business, follow these steps:
- Go to https://www.udyogaadhar.gov.in/login/index/id_page_catalog/contactform and fill out all the required fields on this page with details of your company name, address etc., then click on “Submit” button at bottom of page;
- Now go back again to https://www.udyogaadhar.gov.in/login/, enter all required information like Name Of Your Business Name etc., click on Submit button at bottom of page;
- You will be redirected again where you need submit another form which is called as “Registration Form For Company Name With Address And Phone Number” (if there isn’t one already available) under which enter details like address along with phone number then click Sign Up Button Again And You Are Done!
With an Udyog aadhar card, you can start a business.
You can start a business with Udyog Aadhar.
You can use it to get a loan, get a VAT number and other government services such as the following:
- Know your customer (KYC)
- Tax compliance
- Authentication of documents
Conclusion
If you are looking to start a business, Udyog aadhar is the best option. There are many benefits of having an Udyog Aadhar card, such as getting precedence in queues at government offices and receiving discounts at some shops and restaurants. You can also save time by not having to go through the process of registering a new company each time you want to do something new like opening up shop on your own or setting up an online store.
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