Starting a Business

65.95

DB 2015 DTF** (% POINTS)

64.72

DB 2014 DTF** (% POINTS)

1.23

CHANGE IN DTF** (% POINTS)

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.
Indicator

Mumbai

South
Asia

OECD

Procedures (number)

2.0

7.9

4.8

Time (days)

3.0

16.0

9.2

Cost (% of income per capita)

7.3

14.6

3.4

14.2

8.8

Paid-in min. capital (% of income per capita)

No.

Time to
Complete

Procedure

Associated
Costs

1.

Obtain director identification number (DIN) online*/ digital signature certificate* / Reserve the company name with the Registrar of
Companies (ROC) online* / file all incorporation forms and documents online and obtain the certificate of incorporation / Obtain a
Permanent Account Number (PAN)* / Register for VAT online* / Obtain a tax account number for income taxes deducted at source

2 day

INR 6000

2.

Make a seal

1 day

INR 1000

Dealing with Construction Permits

DB 2015 DTF** (% POINTS)

Indicator
Procedures (number)

24.
27

24.27

DB 2014 DTF** (% POINTS)

Mumbai

South Asia

7.0

0.00

CHANGE IN DTF** (% POINTS)

OECD

14.0

11.9

DB 2015 DTF** (% POINTS)

24.
27

DB 2014 DTF** (% POINTS)

Time (days)
Cost (% of warehouse value)
N
o.

24.27

CHANGE IN DTF** (% POINTS)

0.00

26.0

196.6

149.5

4.5

12.8

1.7

Procedure

Time to
Complete

Associated
Costs

Submit application and design plans , structural plans approved by a structural engineer and obtain
approval

7 days

1% Prop
Value

Obtain written permission from the Land Use Authority

14 days

1% Prop
Value

*3

Apply for NOC from Sewerage Department , NOC from Electric Department , NOC from Chief Fire Office

*4

Obtain commencement certificate and pay development charges

3 days

2% Prop
Value

Submit letter stating completion of building works to obtain an occupancy certificate and certificate of
completion

1 day

no charge

*6

Apply for permanent water and sewer connection and obtain approval.

1 day

0.5% Prop
Value

Request and receive completion inspection from Land Use Authority, Obtain completion certificate , Obtain
occupancy certificate

1 day

no charge

3 days

INR 15,000

Getting Electricity

DB 2015 DTF** (% POINTS)

70.
33

Indicator
Procedures (number)
Time (days)
Cost (% of income per capita)
N
o.

69.73

DB 2014 DTF** (% POINTS)

Mumbai

0.6
0

CHANGE IN DTF** (% POINTS)

South Asia

OECD

4.0

5.9

4.7

20.0

145.7

76.8

333.0

1,536.2

73.2

Procedure

Time to
Complete

Associated
Costs

Submit application to Electricity Supply and Distribution Company and Receive external site inspection.
Receive estimate and remit same.

2 calendar
days

INR
2,40,000

Electrical contractor conducts external connection works and installs meter. Submit electrical contractor's
wiring and test report.

14
calendar
days

No Charge

inspects and tests installation

3 calendar
days

INR 40,000

Submit meter security deposit, receive external connection and electricity starts flowing

1 calendar
day

INR 40,000

Registering Property

DB 2015 DTF** (% POINTS)

60.
40

60.41

DB 2014 DTF** (% POINTS)

Indicator

Mumbai

Procedure

Time to
Complet
e

OECD

3.0

6.4

4.7

14.0

99.5

24.0

5.0

7.2

4.2

Cost (% of property value)

N
o.

CHANGE IN DTF** (% POINTS)

South Asia

Procedures (number)
Time (days)

0.01

Associated Costs

Check for encumbrances at the office of SubRegistrar of Assurance , Ensure that property is
clear of all local tax dues , Conduct charges
search at the Registrar of Companies

7 days

INR 20,000

Preparation of the final sale deed by the

purchasers lawyer, Payment of Stamp Duty on
the final Sale Deed through franking at the
designated bank.

3 days

5% of property value

Execute final sale deed and submit documents

to the local office of the Sub-Registrar of
Assurances , Apply to the Land & Survey Office
for mutation of the tile of the property

4 days

INR 50,000

Paying Taxes

DB 2015 DTF** (% POINTS)

55.
53

55.64

DB 2014 DTF** (% POINTS)

Indicator

Mumbai

0.11

CHANGE IN DTF** (% POINTS)

South Asia

OECD

4.0

31.4

11.8

Time (hours per year)

78.0

325.3

175.4

Profit tax (%)

20.6

17.9

16.4

Labor tax and contributions (%)

11.3

8.7

23.0

Other taxes (%)

1.32

13.1

1.9

Total tax rate (% profit)

33.2

39.7

41.3

Payments (number per year)

Tax or mandatory contribution

Payments
(number)

Notes on
Payments

Time
(hours)

Statutory tax
rate

Tax base

Total tax rate (%

profit)

Corporate income tax

online filing

30

25%

taxable
profit

20.6

Social security contributions

online filing

12

10%

gross
salaries

11.3

GST

online filing

36

17.5%

purchase
price

0.00

Notes on
TTR

Payments
(number)

Tax or mandatory contribution

Notes on
Payments

Time
(hours)

Statutory tax
rate

Tax base

Total tax rate (%

profit)

Property tax & Infra Tax

online filing

10%

assessed
value

1.32

Employee paid - Social security

contributions

paid jointly

12% +
1.75%

gross
salaries

0.00

4.0

Totals:

78.0

Notes on
TTR

withheld

33.22

Enforcing Contracts

DB 2015 DTF** (% POINTS)

Indicator

25.
81

DB 2014 DTF** (% POINTS)

Mumbai

25.
81

0.00

CHANGE IN DTF** (% POINTS)

South Asia

OECD

130.0

1,076.9

539.5

Cost (% of claim)

23.0

30.4

21.4

Procedures (number)

18.0

43.3

31.5

Time (days)

Indicator

Time (days)
Filing and service

130
7

Trial and judgment

92

Enforcement of judgment

31

Cost (% of claim)
Attorney cost (% of claim)

23.0%
18.1

Court cost (% of claim)

2.4

Enforcement Cost (% of claim)

2.5

Procedures (number)

18