How to Start a Retail Business in India

Retail is one of India's fastest-growing economic sectors because the working population is increasing as is the buying power of the people. Starting a retail business requires a lot of initial research and hard work.

Director Identification Number

Register the Company's Name

Hire a Chartered Accountant

Tax Account Number

Permanent Account Number

Apply for a permanent account number if you do not have one from an authorized franchise approved by the National Securities Depository or the Unit Trust of India Investors Services. This is essential for tax purposes and is required by the banks when you open a business account or apply for a loan.

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Resources

About the Author

Priya Hariharan is a technical writer and a Web coordinator at a state agency in New York. She has been writing user manuals for three years and holds a Bachelor of Science in electronics engineering.