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When you are planning to start a dropshipping business in India, the first step is to register your business. Generally, this is the only legal way to establish a company. This is necessary to obtain funds and loans for your new venture.
Don’t stress out thinking about how to register a dropshipping business in India. Dropship USA is there to help you out. You find some of the most comprehensive resources to open and register dropshipping businesses in almost any corner of the world here.
Moreover, if you have a plan of dropshipping in USA from India or even the middle east, we can help you to sort out the hurdles.
How to Register a Dropshipping Business in India
When setting up a dropshipping business in India, you must register the business. You must first choose the entity you want to run your business.
Once you have chosen the entity, you will need to apply to the Ministry of MSME or the Ministry of Corporate Affairs for registration.
GST Registration is a must
Once you have obtained your Shop Act License, you will need to obtain GST Registration from the government authority. Once you have your GST Registration, you can move on to start your dropshipping business in India.
In India, it is essential to register your business. It is mandatory to do so or risk getting into trouble with the government authorities. If you plan to sell goods in the country, you must also obtain a Goods & Services Tax Identification Number (GSTIN).
A Current bank account is essential
To start a dropshipping business in India, you must follow dropshipping legal requirements in India. Depending on the type of business, you may be required to get a GSTIN.
You should also open a current bank account in India because this is mandatory for any transactions made in the country. This step is vital for running your business in India. So, start your dropshipping business in the country today!
Get to know the Import rules
To register a dropshipping business in India, you must know the rules for import and export. Among the prohibited goods, toys with remote controls above a particular frequency are banned, and medicines must be certified for use in India. If you plan to export, you must obtain an IEC.
It is illegal to import goods from China and other countries. It is not uncommon to see many banned items on the list, but you must be sure to read the list carefully.
In addition to registering a company, you must also pay attention to import rules. If you plan on exporting your products outside the country, you need an IEC. This is required to legally export products from India. Moreover, you must register your business with the government if you plan to sell goods in India.
Get professional advice from a lawyer
In addition, you must consult a lawyer to avoid any trouble during the registration process. A good accountant will help you with taxes, licensing, and an employer identification number.
Then, you can decide which products to sell in your business. You should also be aware of seasonal trends when it comes to the products you want to sell. If you can find these, you should consider importing them.
Have a solid plan for success
After you have registered your business, you should create a business plan. In the plan, you should include the name of the company, the location of your business, and the people you will be working with.
Moreover, you should also know the total cost of operating a dropshipping business in India. The cost of setting up a dropshipping business in India depends on the products you are selling.
Benefits of Dropshipping Business In India
India is one of the biggest markets for any business. So, if you can register and start your dropshipping in that massive market, success will be almost ensured with a solid business plan.
Along with the vast population that currently has the ability to purchase high-end goods, there are other benefits of registering a dropshipping business in India.
It’s easy to start
One of the most critical factors that make India a great place for dropshipping is the ease of starting the business. Both central and state governments are offering incentives to the investors.
The business community is also very open-minded and offers logistic helps to new ventures. You can find guidelines from the local chambers of commerce and business organizations.
Low Business capital
Running a dropshipping requires less capital in Indian than in any other western country. Firstly, the labor cost is affordable, along with the logistic charges. Thus, India is one of the best places if you have a limitation of funds but are still passionate about running a dropshipping business.
Like its massive population, India has a huge landmass that can be beneficial to any dropshipping business. Because of high-quality roads and an extensive railway network, transportation is pretty straightforward across India.
Moreover, if you can choose your business location in any central business hubs (e.g., Mumbai, Bangalore, Kolkata), dropshipping will be easier. These hubs connect with all the major cities and villages of the respective regions.
Thus, setting up your business on those hubs will make your job more convenient.
It’s not complicated to get an idea of how to register a dropshipping business in India. All you need is professional advice and official know-hows to register with the appropriate authorities. But don’t forget about a solid business plan that will help you flourish in an area with diverse cultures and people.
Choosing the correct entity and setting up the location properly can make your business flourish even with limited resources. So, don’t wait anymore; get help from professional agencies like Dropship USA and start dropshipping in USA from India.
Don't forget, you can get a fully automated USA based dropship website, built for you, in whatever niche you want, in 72 hours or less. Go to https://learn.dropshipusa.io/webclass to register for our free webinar that will teach you our secret dropship model, and how you can get it built for you in only 3 days!