Employees State Insurance Corporation
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The Employees State Insurance
Employee State Insurance (ESI) is a scheme under The Employees’ State Insurance Act, 1948 provided by the Indian Government to provide for medical, monetary and other similar advantages to workers.
ESI is regulated and governed under the autonomous authority, namely the Employee State Insurance Corporation commonly abbreviated as ESIC. An Act to provide for certain benefits to employees in case of sickness, maternity and employment injury and to make provision for certain other matters in relation thereto.
The ESIC is applicable on all the establishments having 10 or more workers and is beneficial to all the employees earning Rs.21,000 /- or less per month as wages.
Employer required to contribute 3.25 percent and employee must contributes 0.75 percent towards ESI.
Documents Required
It is very easy to register this type of business as very few documents are needed. The required documents include:
- PAN card of the company
- COI, MOA & AOA of the company
- Labour certificate copy
- Cancelled cheque
- Passport size photo of all the Directors
- List of names of the employees
- Proof of Address(Power bill, Municipal tax bill, Sale deed copy)
- Rental Agreement or NOC .
Features & Benefits of a Company Setup in Umm Al Quwain FTZ
- You can establish and fully control your business venture.
- Find the perfect space to suit your business needs, whether it's a warehouse, land for development, or office space.
- treamlined regulations and policies are designed to encourage investment and business growth.
- Hire talented employees from anywhere in the world to build your ideal team.
- Experience a smooth and efficient process to get your business up and running quickly.
- Pursue a wide range of business activities with a vast selection to choose from.