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Showing posts from August, 2022

FACTORY SET UP IN INDIA- Things to be kept in mind

  FACTORY SET UP IN INDIA Since the year 1992, India has been focusing on its service industry and agriculture and achieved tremendous growth in service sector in areas of IT and ITes, Pharmaceuticals, space research and defense.   Now, India has started focusing on developing its manufacturing sector and government of India has launched various schemes to attract foreign companies for Factory set up in India.   There are many advantages of setting up manufacturing unit in India like huge consumer market, cheaper cost of production, high skilled labor, friendly government policies and incentives and shorter lead times for customers.    Following factors should be kept into consideration before looking to set up a factory in India by any foreign company:   1)       Type of Entity   Firstly, it is important to decide upon what type of entity to be set up in India for doing manufacturing of goods. There are many options for foreign company registration in India l

Foreign Company registration in India – Compliance under Companies Act

Foreign Company registration in India One of the most important developments in 21 st Century is that the world has become a global village which have helped companies to work in different countries with minimal trade barriers and improved economic conditions. Every year, thousands of foreign companies are incorporated in India owing to its huge market potentiality, democratic regime, English speaking population, cheap and highly skilled work force and investor friendly policies of the Indian government Foreign company registration in India Foreign Company means anybody corporate or company incorporated outside India and which- (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and (b) conducts any business activity in India in any other manner. Various Options for foreign company registration in India There are various options available for foreign company registration in India as mentioned below: a)

Subsidiary Company Registration in India- Process

  Subsidiary Company Registration in India   With an objective of diversifying the businesses and have global reach for their goods and services, various companies incorporated outside India are willing to carry on their business in India which in turn helps them to have recognition in a different country and also help them to have a wide shareholder base. With this perspective, the concept of a subsidiary of the foreign company was introduced pursuant to which various companies opt for business setup in India in the form of the subsidiary of a foreign company, such companies are required to primarily follow the Indian laws. Subsidiary company registration in India is one of the most widely used and preferable mode of entity registration in India by the foreign companies. A subsidiary of Foreign Company in India In general words, A foreign company refers to a company or a body corporate incorporated outside India but has its place of business in India or conducts any of i

Subsidiary Company Registration in India- Advantages

  Subsidiary Company Registration in India   Over the years, India has become one of the fastest growing economies of the world attracting huge foreign direct investments. India is the world’s largest democracy with huge market with middle class consumer base, high skilled and cheap work force and world’s second largest English speaking country. Further, government of India has introduced lot of schemes and provided incentives to foreign companies for setting up their businesses in India All the aforesaid reasons have made India quite an attractive business destination and over the years, India has witnessed more and more foreign business set up in India . There are many options for foreign company registration in India like in the form of liaison office, branch office, subsidiary company, joint ventures and Limited Liability Partnerships. Depending upon the long term vision of the company as well as business objectives, foreign company may choose any of the aforesaid option

Foreign Company Registration in India- Various Options available

  Foreign Company Registration in India Over the years, India has become an attractive destination for setting up businesses and making foreign direct investment. Accordingly, it has been witnessing more and more companies willing to set up business in India . Under the Foreign Direct Investment (FDI) policy of India, 100 percent foreign equity is permitted in Indian enterprises, subject to equity caps in respect of the areas of activities. When a business is incorporated in India, it has to follow Indian rules and regulations, even if a foreign business owns the entire business. In this write up, we are discussing about various options available for foreign company registration in India . Liaison Office registration   They act as a representative office of foreign company in India without any intention of doing any commercial activities in India. After receiving prior approval from the Reserve Bank of India (RBI), the country's main bank, and foreign businesses are per