Business Setup Services
Business Setup/Company formation
Foreign nationals or entities can hold 100% of the shares in the Indian Company, In order to start a company in India, a minimum of two individuals and an address is required in India. If we are talking about a private limited company, it should have at least two directors (individuals) and a minimum of two shareholders (can be individuals or even corporate entities). One of the Directors of the Company must be an Indian Citizen and also an Indian Resident (we provide Indian citizen director).
It is mandatory to have an address (we provide registered address) in India which can be served as the registered office address of the company. Presence of foreign Directors is not required in India at the time of incorporation in India. Thus, the foreign nationals have the flexibility of establishing and operating a business in India without even travelling to India.
After the incorporation of a company is completed in India, the Indian Director can help in opening a bank account in the newly incorporated company’s name. (we can assist you open Bank account in any Bank in India)
Below is the general requirement to incorporate a Company and starting Business in India, it will take anywhere between 2 weeks to 4 weeks depending on Nature of Business.
Name Registration and obtaining Director Identification Number and Digital Signature for Directors
Preparing Memorandum of Association and Articles of Association
Getting Certification of Incorporation and Certificate to Commence Business
Obtaining Permanent Account Number & Tax Account Number (TAN)
Opening a Local Bank Account
Preparing Common Seal
Registration under Goods and Service Tax Act
Registration with professional Tax
Registration with Employee Provident Fund and ESIC if you want to hire Employee in India
Private Limited Company
The Private Limited Company is most common form of business entity used by foreign investors in India, below is the requirement form private limited company:
Private Limited Company can be incorporated in India with Minimum Share Capital of INR 100,000
Minimum Two Shareholders (Any nationality or Entities)
Minimum Two Directors, at least one director must be Indian Resident. Directors must apply for Directors Identification Number (DIN) and Digital Signature Certificate
Memorandum of Association & Article of Association
Foreign Entity can setup Branch Office in India for trade and profession, Export/Import of Goods, research work, representing parent company in India, providing technical support to parent company etc..its not advisable to open branch of foreign company in India since it will incur higher corporate tax in India.
Representative Office (Liaison Office)
Representative Office (Liaison Office) can be setup in India for assisting parent company in export/import, technical and financial tie up. Liasion office can no do any commercial activity in India
Foreign entity planning to execute specific projects in India can set up a project offices in India for carrying out activities only relating to that project. The operation of project office may be taxed similar to branch and remittance of profit outside India is allowed.
Limited Liability Partnership (LLP)
Minimum two partners required to register LLP in India, Foreigners can register LLP in India. LLP registered by foreigners are required to appoint Resident Manger in India
Company In Special Economy Zone
We also assist our client to setup Company in special Economy Zone where Company can get 100% Tax Exemption or 50% Tax Exemption for export profits, incentive for manufacturing in specific zone and exemption from Goods & Service Tax , Import duty, export duty depending on specific zone and type of business activity.