Doing business in Goa - benefits, tax rebates

Guide to Goa

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The first thoughts of Goa, gets you thinking of a holiday, but Goa also happens to be an attractive place to do business. With is thriving tourism and iron ore mining industry, Goa is one of the largest earner’s of foreign exchange. These industries have given a fillip to other industries such as retailing, transportation, etc. Besides Goa has become a hub for pharmaceutical manufacturers who wanted to take advantage of the income tax holiday in Goa.

Advantages of doing business in Goa

Conveniently located, Goa is located equidistant from the major commercial hubs of Mumbai, Bangalore and Pune.
Well connected, Goa is well connected by air, rail, road and sea to all major cities in India as well locations abroad.

Skilled and trained work force. Goa has a high density of education institutions which ensures a regular supply of skilled manpower
Excellent infrastructure, Goa boast of an excellent network of roads and communication infrastructure which it a convenient location to set business.
High capita income, Goa boasts of a high capita income which makes it an attractive market for retailers.

Drawbacks of doing business in Goa

Slow pace of doing business, the relaxed pace of doing business is the grouse many individuals have used to the fast pace of life in big cities have, which gives results in the short term but take a toll on them by way of lifestyle diseases.
Limited market, though Goa boast of a high per capita income, Goa has limited market due the small population. This results in being dependent on tourist inflows which are seasonal.

Preferred businesses to do in Goa

Tourism related comprising of hotels, restaurants, travel, adventures sports, entertainment and events organizers. A word of caution, hotels are highly capital intensive so it is recommended for those with deep pockets, but one would be rewarded with appreciation in the value in property over a period of time.
Mining related industry comprise of taking mines on sub lease, excavation contractors, truck and barge transportation and other services related to mining industry. The mining boom which is driven by the Chinese demand could peter out very soon.

List of major business websites in Goa

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