Turbocharge Your Business with Udyam Registration

Experience the ease and efficiency of Udyam Registration, also known as MSME Registration, with the swift and comprehensive services provided by Speed Filings. Introduced by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020, Udyam Registration has revamped the method of enrolling Micro, Small, and Medium Enterprises (MSMEs), bringing about a more inclusive and streamlined process.

Why Speed Filings for Udyam Registration?

• Effortless Process: Our dedicated team of experts is well-versed in the intricacies of MSME registration, ensuring a smooth and efficient process for your business.
• Prompt Recognition: Following successful MSME registration, businesses receive a permanent registration number and a recognition certificate promptly.
• Government Preferences: Unlock benefits such as special preference in government tender procurement, access to bank loans without collateral/mortgage, and a 1% interest rate exemption on bank overdraft (OD).
• Tax Rebates and Subsidies: Enjoy eligibility for various tax rebates, tariff subsidies, and capital subsidies for registered Udyam enterprises.
• Priority Consideration: Benefit from priority consideration for government licensing and certification, as well as discounts on electricity bills.
• Protection Against Delayed Payments: Ensure protection against delayed payments from buyers, contributing to financial stability.
• Discounts on Government Fees: Avail a 50% discount on government fees for trademark and patent filing, promoting cost savings.

Udyam Registration Certificate:

Upon successful completion of the Udyam Registration process, an online certificate featuring a dynamic QR code is issued. This QR code allows easy access to the enterprise’s details, enhancing transparency.

Renewal of Udyam Registration:

The Udyam Registration Number is a permanent identification number, eliminating the need for periodic renewal, providing long-term benefits for your business.

Who Can Apply for Udyam Registration?

Udyam Registration is open to a wide range of entities and individuals looking to establish micro, small, or medium-sized enterprises (MSMEs) in India. Eligible applicants include proprietorships, Hindu Undivided Family (HUF), partnership firms, one-person companies (OPC), private limited companies, public limited companies, producer companies, limited liability partnerships (LLP), associations of persons, co-operative societies, and more.

MSME Definition Simplified:

The definition of MSME has undergone significant changes, considering a composite set of criteria, namely investment and turnover. The revised thresholds remove the previous distinction between the service and manufacturing sectors, simplifying the classification process.

• Micro Enterprises: Investment < Rs.1 Crore, Turnover < Rs.5 Crore
• Small Enterprises: Investment < Rs.10 Crore, Turnover < Rs.50 Crore
• Medium Enterprises: Investment < Rs.20 Crore, Turnover < Rs.100 Crore

When to Consider Udyam Registration?

While applying for MSME Udyam Registration is not obligatory, it is recommended for businesses seeking government benefits. Most businesses pursue MSME registration soon after establishment to avail themselves of the various advantages.

Documents Required:

The Udyam Registration process is primarily based on self-declaration, simplifying the documentation process. Applicants only need to provide their 12-digit Aadhaar Number, PAN (Permanent Account Number), and Bank Account details of the business to complete the registration process efficiently.

Why Speed Filings:

Choose Speed Filings as your expert partner for obtaining MSME registration. With extensive experience in company registrations and compliance matters, our dedicated experts ensure a seamless process. By selecting Speed Filings, you not only benefit from hassle-free registration but also receive LEDGERS Accounting Software for efficient financial management.

Ready to register your MSME promptly and confidently? Connect with Speed Filings today and embark on your journey to success with ease!