The growth rate of diabetes, high blood pressure, and many other diseases are increasing in India. The gym is the place to maintain physical as well as mental strength. As per the analysis, the Indian fitness industry growth is above 4500 crores and it keeps on increasing annually by 16%-18%. And if in this situation you are willing to open a Gym, then it is a perfect idea. But before that, you need to know what are the required licenses for opening a Gym in India.
Company Registration
While initiating a Gym, it is necessary to register it as a Private Limited Company or Limited Liability Partnership. The biggest advantage to register your business under private limited company or limited liability partnership (LLP) or one person company) is that it affords limited liability protection to its members. Along with that, you can avail of various government schemes and easily transfer shares. Below mentioned are the required documents for Company Registration
- Digital Signature Certificate (DSC)
- Certificate (DSC)
- Director Identification Number (DIN)
- Number (DIN)
- Company Name Approval By Ministry
- Memorandum of Association (MoA) & Articles of Association (AoA)
- LLP agreement
- Registration Certificate
- Permanent Account Number (PAN)
- Tax Account Number (TAN)
GST Registration
GST is an indirect tax which has eliminated existing taxes such as VAT, Service Tax, Excise duty, etc. When an individual providing Goods with an annual turnover of rupees 40 lakhs and the one who provides services with an annual turnover of rupees 20 lakhs have to register under GST. Documents required for GST registration are mentioned below:
- Proprietorship Company            Â
- PAN Card of Owner
- Aadhaar Card Of Proprietor
- Bank Details
- Address Proof
- Private Limited Company
- PAN Card of Company
- Aadhaar of All Directors
- Bank Details
- Address Proof
- MOA, AOA, and Incorporation
- Partnership/ LLP Company
- PAN Card of Partnership
- Aadhaar of Partners
- Bank Details
- Address Proof
- Partnership Deed/ LLP Certificate
Shop and Establishment License
If you are starting the Gym in a Small shop or any such premise you will have to get a Shop and Establishment license. Following are the requirements for acquiring a Shop and Establishment License:
- Name of the employer and the manager
- The postal address of the Shop or establishment
- The name of the establishment;
- The category of the establishment
- Actual photo of the establishment with the signboard
- Aadhar card
- Passport Size Photo of the owner with Shop
