What are the steps to start an HR consultancy in India?

To start an HR consultancy in India, you need to create a business plan, ensure financial tools (like current accounts), register your business, and acquire licenses like GST or ESI if required.

How much does it cost to start an HR consultancy in India?

Startup costs vary widely based on the chosen business structure, office space, and initial technology investments. Key expenses include registration fees, software subscriptions, and initial working capital.

Is GST registration mandatory for HR consultancies?

Yes, GST registration is mandatory if your annual turnover exceeds ₹20 lakhs.

What are the essential legal registrations for an HR consultancy?

Key registrations include: Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), Goods and Services Tax (GST) if turnover exceeds ₹20 lakhs, and Formal business registration (Sole Proprietorship, Partnership, LLP, or Private Limited Company).

Can I operate as a sole proprietorship HR consultancy?

Yes, you can start as a sole proprietorship if your business is small. However, LLP or a private limited company structure is better if you want to expand.

Do I need ESI or MEA registration for my HR consultancy?

ESI registration is required if the client has 10 or more employees, and MEA registration is necessary if you handle international recruitment.

How can RegisterKaro simplify the process of starting an HR consultancy?

RegisterKaro helps with company formations, GST compliance, ESI and MEA registrations, providing complete support to make setting up your HR consultancy effortless. Start strong with expert-led guidance and legal compliance. Reach out to RegisterKaro today!