How to Start a Retail Business in India

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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.