Starting a Business
In India
We provide all-in services for incorporations
at affordable
prices. We are specialized in assisting
foreign entrepreneurs !
WHY INDIA A MOST PREFERRED DESTINATION FOR BUSINESS ?
India is likely to have the World’s Largest Workforce by 2027 and already has more than 600 million young people and they are set to change the World. Young talent has potential to support to grow the business very fast. The youth are filled with tremendous energy and towering ambitions. They can be utilized as a constructive force by any nation.
With the recent introduction of new policies, making tax and business regulations more conductive, the government really meant the ‘ease of doing business’ provision it had promised by initiating the mega economic initiate ‘Make in India’. Now that India has free and fair political system that is stable, it is going create a lot of future entrepreneurs.
The Indian economy offers investors exposure to a wide range of opportunities from consumer goods and pharmaceuticals to infrastructure, energy and agriculture. With its strong services sector (comprising 50% of India’s economy), particularly in knowledge-based services (IT, software and business services) India has proved that industrialisation and the export of commodities and resources is not the only path to rapid economic development.
The relatively few language barriers make doing business in India quite attractive for international organisations. India has a strong base of an English-speaking population for business purposes. The historical relationship between the UK and India means that Indians have a high level of English.
India has realized strong historical growth rates, particularly in the information technology and business process outsourcing sectors. These continue to be among the largest sectors of the global economy as a whole.
India has maintained a strong parliamentary democracy since its political freedom from Britain some 50 years ago. In 2014, Narendra Modi was elected prime minister and has made great strides in improving the economy.
There is a noticeable Low costs of operation possible from infrastructures to phones to internet to labour to salaries to anything required to set up a business. Moreover, workers are ready to work at low cost. Not only this but tax strategies of India compared to other countries is very moderate and hence could cut the cost of operation of the business.
The disruption in almost every sector- particularly in IT, electronics and Pharma- is going to create huge market for businesses in India from now on. India, today, ranks among top countries in terms of smartphone usage and internet penetration which has given rise to evolution of sophiscated tools used for forecasting demand, preferences, need of the consumer, and so on and so forth.
Our expert team can help you identify the ideal corporate structure for your business.
This is the most crucial aspect of any business to select the right type of entity. This could mean a Wholly Owned Subsidiary, Limited Liability Partnership, Joint Venture Company and so on. We can assist you in incorporating the right entity as per your business needs. We can also help to establish Liaison Office, Branch Office and Project Office for you. Legal Forms in which a foreign company can set up its establishment in India are Wholly Owned Subsidiary Co., Joint Venture with Indian Partner, Limited Liability Partnership, Branch Office, Project Office and Liaision / Representative Office.
WHOLLY OWNED SUBSIDIARY COMPANY
Foreign companies can set up wholly-owned subsidiary in sectors where 100% foreign direct investment is permitted under the FDI policy. The subsidiary company, incorporated under the laws of India, is treated as a domestic company for tax purposes and accordingly domestic company tax rates and benefits will apply. However, Indian transfer pricing regulations shall be applicable to such companies. No approval is required for the repatriation of dividends.
LIMITED LIABILITY PARTNERSHIP
The option of Limited Liability Partnership (LLP) firm has become available since November 2015. FDI in LLP is permitted subject to the following conditions; FDI is permitted under Automatic route in Limited Liability Partnership (LLPs) operating in sectors where 100% FDI is allowed through the automatic route and there are no FDI linked performance conditions.
JOINT VENTURE WITH AN INDIAN PARTNER
Foreign Companies can set up their operations in India by forging strategic alliances with Indian partners. Corporate joint ventures are regulated by the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. A joint venture (JV) is a tactical partnership where two or more people or companies agree to put in goods, services and/or capital to a uniform commercial project.
BRANCH OFFICE
A branch office is a suitable business model for foreign companies looking to establish a temporary presence in India. The branch office serves as an extension of the head office business and carries on the same business and activity as that of its parent company.
LIAISON OFFICE
Liaison offices (LOs) are a popular option for foreign investors exploring the Indian market for the first time, and unsure of how the country's liberalizing FDI caps will affect their business. In contrast to other business structures, LOs allow foreign companies to establish a light footprint in India while keeping their financial, legal, and administrative commitments low.
PROJECT OFFICE
Foreign Companies planning to execute specific projects in India can set up temporary project/site offices in India. RBI has now granted general permission to foreign entities to establish Project Offices subject to specified conditions. Such offices can not undertake or carry on any activity other than the activity relating and incidental to execution of the project.
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