OPC Registration in Bangalore

OPC registration in Bangalore can be registered through Solubilis. OPC is a corporate structure that supports a proprietor to commence a company with only 1 member by playing a role of director as well as the shareholder of the Company. Opc companies boost the Indian economy and it is widely spreading all over the world. Entrepreneurs shows interest to start their own OPC Company and gets their own legal status among the public. Solubilis corporate service provides eminent service and most prominently a trust worthy consultants in Bangalore.

OPC registration is limited by share, commenced and run by a single person. OPC is not allowed to carry out any non-banking financial activities like investments in securities of other companies and cannot be formed as an (NPO) Non-profit organisation. In OPC, Indian citizen will be the nominee.

Documents Required For OPC Registration

• PAN Card of the Director with Voter ID or Aadhar, Driving License for id proof.
• Recent electricity bill or bank statement for Address Proof
• Recent utility bill and Rental agreement if it is a rented property.
• Registry Proof or property Tax Receipt
• Latest Passport size Photograph of the Director.

Benefits of OPC Registration

• Legal identity

  OPC registration in Bangalore has its own legal identity which is separate from its member.

• Easy Conversion

  Paper work is less, it’s easy to convert an OPC to other types of business structures

• Minimum Capital not required

  The firm can be started within the capacity of the sole promoter.

• Easy to Get Loans

  Banking and financial institutions prefer to lend money to this type of firm rather than proprietary firms.

• Social Recognition

  Popular business structure of one Person Company. So it gives sense of confidence in business for a customers.

• Tax Rate

  In OPC registration, the tax rate is 30% like the private limited company on all profits.

• Easy Return Filing

  In OPC, the annual returns can be filed easily along with the signature of the director. The firm secretary’s signature is not required.