How you can start up a successful Veterinary PCD Pharma Franchise in Gujarat and what are the benefits of doing so. We all know that Gujarat is one of the best states in India for new businesses. It’s home to some of the biggest corporations in India, many of which started from small businesses based in Gujarat. Read on to learn about starting your business as an individual or as a company and our guidance on setting up your business and registering it as an LLP or company.

Why start a business in Gujarat?

As we have mentioned above, Gujarat is one of the best states in India for starting a veterinary business. It is home to some of the biggest businesses in India and has a strong economy with a huge potential for growth.

You will get a plethora of tax benefits along with other incentives when you start your business in Gujarat. Apart from this, the state has a robust supply chain. Many of the raw materials are available locally, which will help you keep production costs low. At the same time, the state has a strong infrastructure and is well connected to all major cities in the country. The Gujarat government also offers various incentives to new businesses including a 100% waiver on industrial house tax for the first five years of start-up. You can also avail stamp duty exemption on transfer of shares for up to 3 years from the date of incorporation.

Checklist for starting a business in Gujarat

Before you start your business, it is important to ensure that you have all the required documents and licenses. The following are a few documents that you need to have before starting your business in the state: –

GST Registration / E-Way Bill- Gujarat has a Goods and Services Tax (GST) law. You need to register your business for GST before you start trading. You also need to get an E-Way bill if your goods are being transported across the state.

Business Plan- Before you start a business in Gujarat, you should write a detailed business plan. This plan will help you understand your target audience, the business model you are going to follow and the amount of investment required to start your business.

Incorporate Your Business- If you are setting up a private limited company or LLP, you need to register it with the Corporate Affairs Authority of India (CA). You can register your business online by creating a CA login or you can visit your nearest CA office in Gujarat.

Get an Office- If you want to start your business and want to hire team of employees, you need an office. You can either get a serviced office or a dedicated office space. You can find a suitable office space in Gujarat by checking online listings.

Brief Overview of Gujarat Economy

The Gujarat economy is based on the tertiary sector. It includes industries such as tourism, health care, biotechnology and information technology. The state also has a strong manufacturing sector with a focus on diamonds, chemicals, plastics and the automobile industry. The main cities in Gujarat include Ahmedabad, Surat, Vadodara, Rajkot and Bhavnagar. Many of these cities are growing at a rapid pace with initiatives such as “Make in India” that is helping the state become a prominent manufacturing hub in India. It’s also worth noting that Gujarat has a strong agricultural and veterinary sector.

Why Starting a Veterinary Business in Gujarat is a Good Idea

There is a slew of benefits to starting a veterinary PCD pharma franchise company in Gujarat and it is one of the best states to start a business in India. We have listed a few below: –

Ease of Doing Business: Gujarat is one of the best states in India for doing business. The state has a strong legal system and robust laws that protect business owners and help them thrive.

Infrastructure: Gujarat has a robust infrastructure and is well connected to all major cities in the country. The state has a strong supply chain and many raw materials are available locally, which helps keep production costs low.

Strong Business Environment: The Gujarat government has made it easy for businesses to thrive. State provides incentives and benefits to new businesses, including 100% waiver on industrial tax for first five years of start-up.

Setting Up Your Franchise Business as an Individual

If you want to start a business as an individual in Gujarat, you can apply for a start-up visa. The state government has made it easier for new businesses to start operations in Gujarat. Individuals can apply for a start-up online and the government will help you get all the required documents. Once you have your start-up, you will get benefits such as tax exemptions, exemption from E-Way bills and an extended period for GST registration. Apart from this, you will also get a stamp duty waiver on transfer of shares for up to three years from the date of registration. You can also avail a concession on capital gains tax if you are setting up a business in Gujarat.

Setting Up Your Business as a Company

If you want to start a business as a company in Gujarat, then register your company with the Registrar of Companies (ROC). To register your company, you will need to submit a few documents such as a Memorandum and Articles of Association, a Board Resolution, Name Reservation and a Director Identification Number (DIN). Once your company is registered, you need to file your GST, Income Tax and TDS returns on a yearly basis. You can also apply for a PAN card for your business if it is a company.

Conclusion

Starting a veterinary PCD pharma business in Gujarat is a great idea and Inmed Animal Health is the best Veterinary PCD Pharma Franchise in Gujarat to start a veterinary franchise business in India. The state has a robust economic environment and is home to some of the biggest businesses in India. It is important to do your research and understand all the requirements before you start. This will help save time and effort in the long run and will also help you succeed faster and better.