How to Start a Logistic Company in India?

Everything we use on a daily basis needs to be shipped and delivered to multiple locations before being sold and used, logistics is a big game both locally and worldwide. A Logistic Market is a place where you may make money. Are you considering launching your own Logistics Company in India? Do not worry, this blog will assist you with setting up a Logistics Business in India.

What is a Logistics Business?

A Logistics Business or Logistics Firm is one that stores and delivers the goods of other companies. A successful Logistics Business will need to have some methods of freight movement at its disposal, whether it is shipping, conducting air transportation, or trucking; this makes a Start-up Logistics Organization a costly investment. These organizations/businesses may specialize in the import and export of the goods throughout the country, or they may concentrate on interstate ground transportation.

Business structure to start a Logistics Company in India

To start a Logistics Company in India, one can select any of the following business structures:

• One Person Company
• Public Limited Company
• Limited Liability Partnership
• Private Limited Liability
• Sole Proprietorship Firm
• Partnership Firm  

Any foreign entity can also set up their business in India, as an Indian Subsidiary. Though the answer to the question “How to register Logistics Company in India?” will remain the same. The process of registering Logistics Business in India will be explained below.

Procedure for forming a Logistics Company in India

• Obtaining DIN and DSC for Designated Partners or Directors is the first stage in the procedure.
• Obtaining the suggested company name’s approval.
• Preparation of legal documents such as a Memorandum of Association (MOA), Article of Association (AOA), and other documents required to launch a company.
• Filing of paperwork and other forms with the concerned ROC (Registration Of Company) after submitting an application for company incorporation.
• Obtaining a business license and approval from the concerned government authorities.

Licenses required to start a Logistics Business in India

For any type of business, it is essential to obtain a license before engaging in the business activity, in the same way, it is essential for a Logistics Business to obtain a license, and to mitigate all the requirements that are stated by the government authority before engaging in business activity. In India following registrations are mandatory for the Logistics Services who is engaged in the Air Cargo Services, Courier and Freight Services, and for Third Party Logistics.

• For freight forwarders, it is necessary to register with the International Air Transport Association (IATA).
• To get registered with the Air Cargo Agent Association of India (ACAAI).
• Registrations with the Income Tax Department, the Registrar of Companies, the DGFT, and Other Departments are also significant in India.

Apart from the above-mentioned registrations, there are some other registrations such as Trademark Registration, Import Export Code, etc are also needed for forming the Logistics Business in India.

Documents required to start a Logistics Business in India

The registration process for Start-Up in India

If you are a startup, you will probably need a few extra registrations and licenses. What are they? Let’s have a look at the whole list of registrations and licenses required to register a firm in India as a startup.

Conclusion 

To start a Logistics Company in India is simple, but it becomes a bit complex at the time of applying for a license and registration process. The Indian government’s Make in India program, ease-of-doing-business policies, and large labor pool have undoubtedly opened up the country’s long-stagnant domestic manufacturing sector to both domestic and international investors.