One person company (OPC) registration cost & price comparison in India
Compares prices for One person company (OPC) registration from 10+ service providers in India.
| Name | Price (All inclusive) | Buy |
|---|---|---|
| Taxrodo | 5,990 | View & Buy |
| Legalraasta | 5,999 | View & Buy |
| Register Experts | 5,999 | View & Buy |
| Set India Biz | 6,036 | View & Buy |
| India Filings | 6,899 | View & Buy |
| LegalWiz | 6,999 | View & Buy |
| EBizFiling | 6,999 | View & Buy |
| Hubco | 8,000 | View & Buy |
| Vakil Search | ₹ | View & Buy |
| Online Legal India | ₹ | View & Buy |
| Companiesinn | ₹ | View & Buy |
| Legalraahi | ₹ | View & Buy |
| Startupwala | ₹ | View & Buy |
| Corpbiz | ₹₹ | View & Buy |
The price quotes in the comparison table include both the government fees and professional fees for registering a One Person Company in India along with the following activities:
- Digital Signature for 1 director,
- Director Identification Number (DIN),
- Name approval of the OPC,
- Drafting of the MOA & AOA of the company,
- Issuance of Certificate of Incorporation,
- PAN and TAN of Company.
Note: The latest prices from different service providers are provided for information purposes only. In case of any discrepancy, service providers decision will be final.
One Person Company Registration Costs and Price Comparison in India
Introduction to One Person Company
What is a One Person Company (OPC)?
A One Person Company (OPC) is a unique business structure in India that allows a single individual to own, manage, and control a company. OPCs combine the advantages of sole proprietorships and private limited companies, offering a blend of independence and limited liability.
Importance and Benefits of OPC
OPCs have gained popularity due to their significant benefits. They limit the owner's liability, simplify decision-making, and offer greater flexibility in management. Moreover, OPCs provide a path for entrepreneurs to test their business ideas before scaling up to a larger private limited company.
Understanding OPC Registration Process
Steps to Register an OPC
Registering an OPC in India involves several steps. The process includes obtaining a Digital Signature Certificate (DSC), Director Identification Number (DIN), name approval, filing of incorporation forms, and finally, receiving the Certificate of Incorporation.
Breakdown of OPC Registration Costs in India
Government Fees for OPC Registration
Government fees for OPC registration in India vary. The costs include fees for DIN, name reservation, and filing of incorporation forms. As of 2023, the combined government fees are estimated to be around INR 2000-3000.
Professional Fees for OPC Registration
In addition to government fees, professional fees are also part of the OPC registration cost. These fees are charged by professionals like Chartered Accountants or Company Secretaries who assist in the registration process. The professional fees can range from INR 5000 to INR 15000, depending on the complexity of the business.
Factors Affecting OPC Registration Costs
Type of Business
The nature of your business can influence the cost of OPC registration. For instance, certain businesses may require additional licenses or permits, which will add to the cost.
Location of Business
The location of the business also plays a role in determining the registration cost. Government fees for OPC registration can vary from state to state.
FAQs
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What is a One Person Company (OPC)?
A One Person Company (OPC) is a business entity in India that allows a single individual to own, manage, and control the company.
-
What are the benefits of an OPC?
OPCs offer a blend of independence and limited liability, simplified decision-making, and more flexibility in management.
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How much does it cost to register an OPC in India?
The costs can range from around INR 5000 to INR 18000, depending on government fees, professional fees, and other factors like business type and location.
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How does the location of the business affect OPC registration costs?
Government fees for OPC registration can vary from state to state.
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Are there additional costs beyond the registration fee for an OPC?
Yes, there might be additional costs for obtaining licenses or permits depending on the nature of your business.
Conclusion
Starting a One Person Company in India is a great choice for solo entrepreneurs. However, understanding the costs involved in the registration process is crucial. These costs can vary depending on several factors including the type of business, location, and the choice of service provider for registration. By comparing different service providers and understanding all costs involved, entrepreneurs can make an informed decision about OPC registration.