Company Registration ( Formation/ Incorporation/ Setup ) in Kerala, India
Get professional consultancy for company registration and setup services in Kerala state of India at most affordable rates. GKS Consulting has served private limited companies, public limited companies, one person companies, limited liability partnerships etc all over the country. Apart from company Setup in Kerala we also provide company conversion services, Foreign direct invest (FDI) assistance, NRI tax and business consultancy etc.
We have assisted more than one hundred companies in the state of Kerala in areas such as Kasaragod, Kannur, Wayanad, Palakkad, Malappuram, Thrissur, Ernakulam, Thiruvananthapuram, Kollam, Alappuzha, Pathanamthitta, Kottayam, Idukki etc. The known industries in Kerala that have enlisted our services include; Handlooms and power looms, rubber, pepper, bamboo, coir, sericulture, cashew, mining, tourism, spice and spice extracts.
The gross state domestic product (GSDP) of the state of Kerala at current prices was at about USD 64.3 billion back in the years 2012-2013. The state’s GSDP recorded a CAGR of 14.4% between the years 2004-2005 and 2012-2013. The per capita GSDP of the state was USD 1,841 during the years 2012-2013 compared with USD 810 in the years 2004-2005
The tourism policy 2012 was drafted in order to create a conducive environment for investment and also to help market Kerala as a visible global brand in domestic and international markets.
Need Quick and Reliable Online Private Limited Company Incorporation, Fresh Company Registration, New Co. Formation and Business Set-up Services anywhere in Kerala, India: Top Company Formation Experts, Best Indian Chartered Accountants (CPA), Reliable Company Experts, Renowned Consulting Company, National level Advisors / Consultants of Kerala - Ask Companysetupindia.com, a unit of GKS Consulting Private Ltd.
We provide Following Services anywhere in Kerala, India: Complete solution for incorporation of New Company | Apply Name Search | How to Incorporate New Private Limited Company ? Incorporation of Pvt Ltd Co | Procedure for Incorporating a Pvt. Ltd. Co. | Where to Form a Public Limited Company ? Forming a Pub Ltd Co | Formation of Pub. Ltd. Co. | Why to Register an Indian Subsidiary ? Registering an Indian Subsidiary | Registration of Indian Subsidiary | How to make Subsidiaries ? Making of Holding Company | Why to Open a Limited Liability Partnership (LLP) ? Opening a Limited Liability Partnership | Where to open a LLP ? Setup of LLC | Set-up of LLP | Set up of LLP | Setting up of L.L.P. | Setting-up of L.L.P. | To Start a LLC PLC OPC PTE | Starting a L.L.C. | Types of Companies any where in Kerala | Forming Corporation in Kerala | Setting up Business by Foreign Companies |Foreign Direct Investment (FDI) | Liaison Office | Representative Office | Project Office | Branch Office | Obtaining Section 8 Company License | Certificate of Incorporation | Process and Procedure | DIN (Director Identification Number) | DSC Class One Two Three| Digital Signature Certificate | Joint Venture Company | Company Limited by Guarantee | Unlimited Company | Government Company | Nidhi Company | Mutual Benefit Company | Not for Profit Co. NGO, N.G.O.| Section 8 Company | Part IX Company | Producer Company | One Person Company | Sole Proprietorship | Partnership Firm | Cooperative Society | Charitable Trust | Body of Individual, BOI| Association of Persons, AOP |FAQ | Frequently asked questions - Companysetupindia | ROC | R.O.C. | Registrar of Companies | Corporate Laws of Kerala | Companies Act | Business Entities in Kerala |Government Approvals for Investing in Kerala for Foreign Investors | Entry Strategies & Tax Planning in Kerala for Foreign Investors | Foreign Investment in Kerala Sector wise Guide | Doing Business in Kerala - Free Guide for Foreign Companies Doing Business with Kerala | Registering Trademarks in Kerala | Registering Patent in Kerala | Copy Right | Tax Rates in Kerala | Process Serving in Kerala.
About: Kerala is a state on the southwestern, Malabar Coast of India. It was formed on 1 November 1956, following passage of the States Reorganisation Act, by combining Malayalam-speaking regions. Spread over 38,863 km2 (15,005 sq mi), Kerala is the twenty second largest Indian state by area. It is bordered by Karnataka to the north and northeast, Tamil Nadu to the east and south, and the Lakshadweep Sea and Arabian Sea to the west. With 33,387,677 inhabitants as per the 2011 Census, Kerala is the thirteenth-largest Indian state by population. It is divided into 14 districts with the capital being Thiruvananthapuram. Malayalam is the most widely spoken language and is also the official language of the state.
The Chera Dynasty was the first prominent kingdom based in Kerala. The Ay kingdom in the deep south and the Ezhimala kingdom in the north formed the other kingdoms in the early years of the Common Era (CE or AD). The region had been a prominent spice exporter since 3000 BCE. The region's prominence in trade was noted in the works of Pliny as well as the Periplus around 100 CE. In the 15th century, the spice trade attracted Portuguese traders to Kerala, and paved the way for European colonisation of India. At the time of Indian independence movement in the early 20th century, there were two major princely states in Kerala-Travancore State and the Kingdom of Cochin. They united to form the state of Thiru-Kochi in 1949. The Malabar region, in the northern part of Kerala had been a part of the Madras province of British India, which later became a part of the Madras State post-independence. After the States Reorganisation Act, 1956, the modern-day state of Kerala was formed by merging the Malabar district of Madras State (excluding Gudalur taluk of Nilgiris district, Topslip, the Attappadi Forest east of Anakatti), the state of Thiru-Kochi (excluding four southern taluks of Kanyakumari district, Shenkottai and Tenkasi taluks), and the taluk of Kasaragod (now Kasaragod District) in South Canara (Tulunad) which was a part of Madras State.
The economy of Kerala is the 12th-largest state economy in India with 7.73 lakh crore (US$110 billion) in gross domestic product and a per capita GDP of 163,000 (US$2,300). Kerala has the lowest positive population growth rate in India, 3.44%; the highest Human Development Index (HDI), 0.712 in 2015; the highest literacy rate, 93.91% in the 2011 census; the highest life expectancy, 77 years; and the highest sex ratio, 1,084 women per 1,000 men. The state has witnessed significant emigration, especially to Arab states of the Persian Gulf during the Gulf Boom of the 1970s and early 1980s, and its economy depends significantly on remittances from a large Malayali expatriate community. Hinduism is practised by more than half of the population, followed by Islam and Christianity. The culture is a synthesis of Aryan, Dravidian, Arab, and European cultures, developed over millennia, under influences from other parts of India and abroad.
The production of pepper and natural rubber contributes significantly to the total national output. In the agricultural sector, coconut, tea, coffee, cashew and spices are important. The state's coastline extends for 595 kilometres (370 mi), and around 1.1 million people in the state are dependent on the fishery industry which contributes 3% to the state's income. The state has the highest media exposure in India with newspapers publishing in nine languages, mainly English and Malayalam. Kerala is one of the prominent tourist destinations of India, with backwaters, hill stations, beaches, Ayurvedic tourism and tropical greenery as its major attractions.
Major Towns of Kerala: Alappuzha, Ernakulam(Kakkanad), Idukki(Painavu), Kannur, Kasaragod, Kollam, Kottayam, Kozhikode, Malappuram, Palakkad, Pathanamthitta, Thrissur, Thiruvananthapuram, Wayanad(Kalpetta).
Economy of Kerala: After independence, the state was managed as a democratic socialist welfare economy. From the 1990s,liberalisation of the mixed economy allowed onerous Licence Raj restrictions against capitalism and foreign direct investment to be lightened, leading to economic expansion and an increase in employment. In the fiscal year 2007–2008, the nominal gross state domestic product (GSDP) was 1,624 billion (US$23 billion). GSDP growth; 9.2% in 2004–2005 and 7.4% in 2003–2004 had been high compared to an average of 2.3% annually in the 1980s and between 5.1% and 5.99% in the 1990s. The state recorded 8.93% growth in enterprises from 1998 to 2005, higher than the national rate of 4.80%. The 'Kerala phenomenon' or 'Kerala model of development' of very high human development and in comparison low economic development has resulted from a strong service sector.
Kerala's economy depends on emigrants working in foreign countries, mainly in Arab states of the Persian Gulf, and remittances annually contribute more than a fifth of GSDP. The state witnessed significant emigration during the Gulf Boom of the 1970s and early 1980s. In 2008, the Persian Gulf countries together had a Keralite population of more than 2.5 million, who sent home annually a sum of US$6.81 billion, which is the highest among Indian states and more than 15.13% of remittances to India in 2008. In 2012, Kerala still received the highest remittances of all states: US$11.3 billion, which was nearly 16% of the US$71 billion remittances to the country. In 2015, NRI deposits in Kerala have soared to over 1 lakh crore (US$14 billion), amounting to one-sixth of all the money deposited in NRI accounts, which comes to about 7 lakh crore (US$97 billion). However, a study commissioned by the Kerala State Planning Board, suggested that the state look for other reliable sources of income, instead of relying on remittances to finance its expenditure.According to a study done in 2013, 17,500 crore (US$2.4 billion) was the total amount paid to migrant labourers in the state every year.
The tertiary sector comprises services such as transport, storage, communications, tourism, banking, insurance and real estate. In 2011–2012, it contributed 63.22% of the state's GDP, agriculture and allied sectors contributed 15.73%, while manufacturing, construction and utilities contributed 21.05%. Nearly half of Kerala's people depend on agriculture alone for income. Around 600 varieties of rice, which is Kerala's most used staple and cereal crop, are harvested from 3105.21 km2; a decline from 5883.4 km2 in 1990. 688,859 tonnes of rice are produced per year. Other key crops include coconut; 899,198 ha, tea, coffee; 23% of Indian production, or 57,000 tonnes, 6–7 rubber, cashews, and spices—including pepper, cardamom, vanilla, cinnamon, and nutmeg.
Traditional industries manufacturing items; coir, handlooms, and handicrafts employ around one million people. Kerala supplies 60% of the total global produce of white coir fibre. India's first coir factory was set up in Alleppey in 1859–60. The Central Coir Research Institute was established there in 1959. As per the 2006–2007 census by SIDBI, there are 1,468,104 micro, small and medium enterprises in Kerala employing 3,031,272 people. The KSIDC has promoted more than 650 medium and large manufacturing firms in Kerala, creating employment for 72,500 people. A mining sector of 0.3% of GSDP involves extraction of ilmenite, kaolin, bauxite, silica, quartz, rutile, zircon, and sillimanite. Other major sectors are tourism, manufacturing, home gardens, animal husbandry and business process outsourcing.
As of March 2002, Kerala's banking sector comprised 3341 local branches: each branch served 10,000 people, lower than the national average of 16,000; the state has the third-highest bank penetration among Indian states. On 1 October 2011, Kerala became the first state in the country to have at least one banking facility in every village. Unemployment in 2007 was estimated at 9.4%; chronic issues are underemployment, low employability of youth, and a low female labour participation rate of only 13.5%, 5, 13 as was the practice of Nokku kooli, 'wages for looking on'. (On 30 April 2018, the Kerala state government issued an order to abolish nokku kooli, to take effect on 1 May. By 1999–2000, the rural and urban poverty rates dropped to 10.0% and 9.6% respectively.
Kerala has focused more attention towards growth of Information Technology sector with formation of Technopark, Thiruvananthapuram which is one of the largest IT employer in Kerala. It was the first technology park in India and with the inauguration of the The jaswini complex on 22 February 2007, Technopark became the largest IT Park in India. Software giants like Infosys, Oracle, Tata Consultancy Services, Capgemini, HCL, UST Global, Nest and Suntec have offices in the state. The state has a second major IT hub, the Infopark centred in Kochi with 'spokes'(it acts as the 'hub') in Thrissur and Alleppy. As of 2014, Infopark generates one-third of total IT Revenues of the state with key offices of IT majors like Tata Consultancy Services, Cognizant, Wipro, UST Global, IBS Software Services etc. and Multinational corporations like KPMG, Ernst & Young, EXL Service, Etisalat DB Telecom, Nielsen Audio, Xerox ACS, Tata ELXSI etc. Kochi also has another major project SmartCity under construction, built in partnership with Dubai Government. A third major IT Hub is under construction centred around Kozhikode known as Cyberpark.
The Grand Kerala Shopping Festival (GKSF) was started in 2007, covering more than 3000 outlets across the nine cities of Kerala with huge tax discounts, VAT refunds and huge array of prizes.
The state's budget of 2012–2013 was 481.42 billion (US$6.7 billion). The state government's tax revenues (excluding the shares from Union tax pool) amounted to 217.22 billion (US$3.0 billion) in 2010–2011; up from 176.25 billion (US$2.5 billion) in 2009–2010. Its non-tax revenues (excluding the shares from Union tax pool) of the Government of Kerala reached 19,308 million (US$270 million) in 2010–2011. However, Kerala's high ratio of taxation to GSDP has not alleviated chronic budget deficits and unsustainable levels of government debt, which have impacted social services. A record total of 223 hartals were observed in 2006, resulting in a revenue loss of over 20 billion (US$280 million). Kerala's 10% rise in GDP is 3% more than the national GDP. In 2013, capital expenditure rose 30% compared to the national average of 5%, owners of two-wheelers rose by 35% compared to the national rate of 15%, and the teacher-pupil ratio rose 50% from 2:100 to 4:100.
In November 2015, the Ministry of Urban Development selected seven cities of Kerala for a comprehensive development program known as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). A package of 25 lakh (US$35,000) was declared for each of the cities to develop service level improvement plan (SLIP), a plan for better functioning of the local urban bodies in the cities of Thiruvananthapuram, Kollam, Alappuzha, Kochi, Thrissur, Kozhikode, and Palakkad.
Agriculture: The major change in agriculture in Kerala occurred in the 1970s when production of rice fell due to increased availability of rice all over India and decreased availability of labour. Consequently, investment in rice production decreased and a major portion of the land shifted to the cultivation of perennial tree crops and seasonal crops. Profitability of crops fell due to a shortage of farm labour, the high price of land, and the uneconomic size of operational holdings.
Kerala produces 97% of the national output of black pepper and accounts for 85% of the natural rubber in the country. Coconut, tea, coffee, cashew, and spices—including cardamom, vanilla, cinnamon, and nutmeg are the main agricultural products. 80% of India's export quality cashew kernels are prepared in Kollam. The key agricultural staple is rice, with varieties grown in extensive paddy fields. Home gardens made up a significant portion of the agricultural sector. Related animal husbandry is touted by proponents as a means of alleviating rural poverty and unemployment among women, the marginalised, and the landless. The state government promotes these activities via educational campaigns and the development of new cattle breeds such as the Sunandini.
Though the contribution of agricultural sector to the state economy was on the decline in 2012–13, through the strength of the allied livestock sector, it has picked up from 7.03% (2011–12) to 7.2%. In the 2013–14 fiscal period, the contribution has been estimated at a high of 7.75%. The total growth of the farm sector has recorded a 4.39% increase in 2012–13, over a paltry 1.3% growth in the previous fiscal year. The agricultural sector has a share of 9.34% in the sectoral distribution of Gross State Domestic Product at Constant Price, while the secondary and tertiary sectors has contributed 23.94% and 66.72% respectively.
There is a preference for organic products and home farming compared to synthetic fertilizers and pesticides.
Fisheries: With 590 kilometres (370 miles) of coastal belt, 400,000 hectares of inland water resources and approximately 220,000 active fishermen, Kerala is one of the leading producers of fish in India. According to 2003–04 reports, about 1.1 million people earn their livelihood from fishing and allied activities such as drying, processing, packaging, exporting and transporting fisheries. The annual yield of the sector was estimated as 608,000 tons in 2003–04. This contributes to about 3% of the total economy of the state. In 2006, around 22% of the total Indian marine fishery yield was from Kerala. During the southwest monsoon, a suspended mud bank develops along the shore, which in turn leads to calm ocean water, peaking the output of the fishing industry. This phenomenon is locally called chakara. The waters provide a large variety of fish: pelagic species; 59%, demersal species; 23%, crustaceans, molluscs and others for 18%. Around 1.050 million fishermen haul an annual catch of 668,000 tonnes as of a 1999–2000 estimate; 222 fishing villages are strung along the 590-kilometre (370-mile) coast. Another 113 fishing villages dot the hinterland. Kerala's coastal belt of Karunagappally is known for high background radiation from thorium-containing monazite sand. In some coastal panchayats, median outdoor radiation levels are more than 4 mGy/yr and, in certain locations on the coast, it is as high as 70 mGy/yr.
Tourism: Kerala's culture and traditions, coupled with its varied demographics, have made the state one of the most popular tourist destinations in India. In 2012, National Geographic's Traveller magazine named Kerala as one of the 'ten paradises of the world' and '50 must see destinations of a lifetime'. Travel and Leisure also described Kerala as 'One of the 100 great trips for the 21st century'. In 2012, it overtook the Taj Mahal to be the number one travel destination in Google's search trends for India. Kerala's beaches, backwaters, lakes, mountain ranges, waterfalls, ancient ports, palaces, religious institutions and wildlife sanctuaries are major attractions for both domestic and international tourists. The city of Kochi ranks first in the total number of international and domestic tourists in Kerala. Until the early 1980s, Kerala was a relatively unknown destination compared to other states in the country. In 1986 the government of Kerala declared tourism an important industry and it was the first state in India to do so.Marketing campaigns launched by the Kerala Tourism Development Corporation, the government agency that oversees the tourism prospects of the state, resulted in the growth of the tourism industry. Many advertisements branded Kerala with the tagline Kerala, God's Own Country. Kerala tourism is a global brand and regarded as one of the destinations with highest recall. In 2006, Kerala attracted 8.5 million tourists, an increase of 23.68% over the previous year, making the state one of the fastest-growing popular destinations in the world. In 2011, tourist inflow to Kerala crossed the 10-million mark.
Ayurvedic tourism has become very popular since the 1990s, and private agencies have played a notable role in tandem with the initiatives of the Tourism Department. Kerala is known for its ecotourism initiatives which include mountaineering, trekking and bird-watching programmes in the Western Ghats as the major activities. As of 2005, the state's tourism industry was a major contributor to the state's economy, growing at the rate of 13.31%. The revenue from tourism increased five-fold between 2001 and 2011 and crossed the 190 billion mark in 2011. Moreover, the industry provides employment to approximately 1.2 million people.
Asia's largest, and the world's third-largest, Naval Academy-Ezhimala Naval Academy-at Kannur is in Kerala. The state's only drive-in beach, Muzhappilangad in Kannur, which stretches across four kilometres of sand, was chosen by the BBC as one of the top six drive-in beaches in the world in 2016. Idukki arch dam, the world's second arch dam, and Asia's first, is in Kerala. The major beaches are at Kovalam, Varkala, Fort Kochi, Cherai, Alappuzha, Payyambalam, Kappad, Muzhappilangad (South India's only drive-in beach) and Bekal. Popular hill stations are at Ponmudi, Wayanad, Wagamon, Munnar, Peermade, Paithalmala of Kannur district and Nelliampathi. Munnar is 4,500 feet above sea level and is known for tea plantations, and a variety of flora and fauna. Kerala's ecotourism destinations include 12 wildlife sanctuaries and two national parks: Periyar Tiger Reserve, Parambikulam Wildlife Sanctuary, Chinnar Wildlife Sanctuary, Thattekad Bird Sanctuary, Wayanad Wildlife Sanctuary, Muthanga Wildlife Sanctuary, Aralam Wildlife Sanctuary, Eravikulam National Park, and Silent Valley National Park are the most popular among them. The Kerala backwaters are an extensive network of interlocking rivers (41 west-flowing rivers), lakes, and canals that centre around Alleppey, Kumarakom and Punnamada (where the annual Nehru Trophy Boat Race is held in August), Pathiramanal a small island in Muhamma . Padmanabhapuram Palace and the Mattancherry Palace are two nearby heritage sites.
Steps to Incorporate a Private Limited Company/OPC (One Person Company) anywhere in Kerala