India

Ease of Doing Business in

Mumbai - India

This page summarizes Doing Business data for Mumbai. The first table shows its rank among 17 cities/regions in India. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region South Asia
Income Category Lower middle income
Population 1,241,491,960
GNI Per Capita (US$) 1,420.00
Ease of Doing Business Rank among 17 cities in India Top city in India
10 Ludhiana
Topic Rankings Rank among 17 cities in India Top city in India
Starting a Business 12 New Delhi
Dealing with Construction Permits 17 Bengaluru
Registering Property 5 Gurgaon
Paying Taxes 4 Ludhiana
Trading Across Borders 3 Bhubaneshwar
Enforcing Contracts 17 Hyderabad
Resolving Insolvency 3 Hyderabad

Subnational Data


Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

Indicator Mumbai South Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
13 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
30 19 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
70.9 21.6 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 17.8 13.3
No. Procedure Time to Complete Associated Costs
1 Obtain director identification number (DIN) online from the Ministry of Corporate Affairs portal (National) 1 day INR 100
2 Obtain digital signature certificate online from private agency authorized by the Ministry of Corporate Affairs (National) 3 days INR 1,500
3 Reserve the company name online with the Registrar of Companies (ROC) (National) 2 days INR 500
4 Stamp the company documents at the State Treasury (State) or authorized bank (Private) 1 day INR 1,300 (INR 200 for MOA + INR 1,000 for AOA for every INR 500,000 of share capital or part thereof + INR 100 for stamp paper for declaration Form 1)
5 Get the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs (National) 5 days INR 14,133 (see comments)
6 Make a seal (Private) 1 day INR 350 (cost depends on the number of seals required and the time period for delivery)
* 7 Obtain a Permanent Account Number (PAN) from an authorized franchise or agent appointed by the National Securities Depository Ltd. (NSDL) or the Unit Trust of India (UTI) Investors Services Ltd., as outsourced by the Income Tax Department (National) 7 days INR 67 (INR 60 application fee + 12.36% service tax + INR 5 for application form, if not downloaded)
* 8 Obtain a Tax Account Number (TAN) for income taxes deducted at source from the Assessing Office in the Mumbai Income Tax Department 7 days INR 57 (INR 50 application fee + 12.36% service tax)
* 9 Register with the Office of Inspector, Shops, and Establishment Act (State/Municipal) 2 days INR 6,500 (INR 2000 + 3 times registration fee for trade refuse charges)
* 10 Register for Value-Added Tax (VAT) at the Commercial Tax Office (State) 12 days INR 5,100 (registration fee INR 5000 + stamp duty INR 100)
* 11 Register for Profession Tax at the Profession Tax Office (State) 2 days No cost
* 12 Register with Employees' Provident Fund Organization (National) 12 days No cost
* 13 Register for medical insurance at the regional office of the Employees' State Insurance Corporation (National) 9 days No cost
* Takes place simultaneously with another procedure.

Subnational Data


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