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Showing posts with the label Business Setup in India

BUSINESS SETUP IN INDIA- Various options available for Doing Business in India

BUSINESS SETUP IN INDIA   One of the most common queries received by Indian consulting firms from global corporations nowadays is about business setup in India . Due to globalization, the companies all over the world has expanded its presence in other jurisdiction or territories from where they are either engaged in trading business or export import or providing services globally. Owing to its huge consumer market, India has also seen quite a surge in foreign company registration in India in recent years. Just like Indian companies are curious about how to setup business in foreign countries, similarly, foreign companies are also interested in business setup in India and want to know about various options available for setting up business in India. VARIOUS OPTIONS FOR BUSINESS SETUP IN INDIA Well, the type of entities for doing business in India depends upon various factors like Nature of business of the Company, Long term vision of the company and purpose of business...

HOW TO SETUP BUSINESS IN INDIA

  BUSINESS   SETUP IN INDIA     In February 2023, I happened to visit my uncle who was based in Australia, for attending a marriage ceremony in his family. It was a grandeur event attended by almost 200 peoples including 50 odd local Australians.   During the function, one of my uncle’s friends who were an Australian started discussing about Indian economy, industries and what the opportunities for business setup in India are . I asked him to meet next day after the marriage in a coffee shop, so that I may explain him in detail about the process of business setup in India. We met in Starbucks and He was accompanied by another Australian guy. He introduced the guy as his friend and partner in his business. Actually, they both were running a business of manufacturing and trading of beers and hard drinks in Australia. They were very excited to know about the process of foreign company registration in India as they wanted to open an Indian company...

Advantages of setting up manufacturing unit in India

  Setting up manufacturing unit in India India is the 7 th largest economies in the world and one of the fastest growing economies in the world. India is in the threshold of transition from developing to developed economies in the world.   Despite being in the process of development, India's economy has a significant influence on world trade. The vast majority of the most developed countries in the world are eager to establish or deepen relations with India.   India has a 5,000-year history of embracing visitors from abroad, and this welcoming attitude makes it easier than ever for foreigners to start businesses there. India is a great place for business because it has the world's fastest growth rate and the seventh-fastest growing international economy. There are several benefits for foreign company registration in India , from the career-focused young to the abundance of experienced specialists, backing from the government to business-friendly regulations a...

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...

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 ar...

Foreign company registration in India

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  List of Compliance to be done before revenue authorities in India. Owing to various incentives and schemes of government of India like make in India, Ease of Doing Business, Profit Linked Incentive scheme and also the fact that India is one of the fastest growing economies in the world with huge consumer market, India has recently seen huge surge in foreign Direct investment as well as increase in foreign company registration in India . There are many forms in foreign companies can set up their business in India like Branch office, Liaison office, subsidiary company registration in India , LLP registration etc.   In this write up, we have provided list of some of the compliances which every foreign company need to be done before regulatory authorities.   a)       Filing of Annual Activity Certificate with DGIT   Every Branch Office and Liaison office in India is required to obtain an annual activity certificate (AAC) f...