India is one of the most accelerating countries in the world comprises of colossal human resources and a pool of diversified potential customers. Sighting this huge market, foreign direct investments (FDIs) are lured to set up company registration in India, resulting in a gigantic influx of FDI in the country every year.
One such source of FDI is foreign companies setting up their business in India. Contemplating this to be the fuel in the process of moving India into a more developed nation, the government of India has flexed the restrictions to a greater extent, thus, enabling the infusion of more foreign investments into the economy.
To incorporate an Indian entity in form of a joint venture or a wholly-owned subsidiary, a company has to be incorporated under the Companies Act, 2013 or any other Act for the time being in force:
Suitability: When the purpose is to carry out business activities of manufacturing, marketing, selling, etc. in the Indian market on behalf of a foreign entity.
Apart from incorporating a company, one can also choose to incorporate a limited liability partnership to Company setup in India:
Setting up a Foreign Company
Prior approval from RBI and/or government is required for Business setup in India by virtue of a Liaison Office / Project Office / Branch Office. Also, the condition to open a branch office/project office/liaison office is that only a body corporate incorporated outside India can incorporate any of these offices.
Suitability: When the purpose is to form a communication channel between parent foreign companies and companies in India or to promote collaborations.
Following activities are allowed to liaison office in India:
However, a liaison office is not permitted to earn any income; undertake any industrial, trading, or commercial activity; enter into any agreement on behalf of the head office; borrow or lend money for any commercial activity; or charge any fee or commission or otherwise on earning any income, in respect of liaison activities carried on in India.
Suitability: When the purpose is to render services or sell products manufactured by a foreign entity by establishing its presence in India.
Manufacturing activities have certain restrictions as a branch office is not permitted to carry out manufacturing activities by itself but is prescribed to sub-contract these to an Indian manufacturer. The profit of the branch may be remitted outside India for branch offices subject to approval from RBI. The remittance is net of applicable Indian taxes and subject to RBI guidelines.
A project office of foreign companies can set up certain temporary offices/site offices; to execute specific projects in India that are linked to a one-off contract.
They can be termed as branch offices set up with the limited purpose of executing a specific project.
RBI has granted certain permissions to foreign companies for setting up of project offices, subject to certain conditions:
Our team of professionals can assist you in the following areas:
We are corporate business expansion services provider in New Delhi, exclusively providing the consulting services to off-shore companies that are looking to establish their presence in India. Providing the insights about the Indian market and setting up the office, we partner with our clients for their Indian operations. We assist and handle everything just the way our clients need. Our experienced team also takes the responsibilities to fulfill the legal compliance that are required to establish a business in India.
Before investing money or resources into the business, it is essential to collect the key insights, knowledge and trends of the Indian market. Our corporate business expansion service providers in New Delhi comprehend the business's nature, purpose and assess all the elements, providing a consultancy report regarding the same. An extensive market research is carried out for the same. Being situated in the heart of India, we possess the expertise, experience and networks, to get your work processed.
Uni Square Concepts as business setup consultants in India for overseas companies, assists its clients in getting all the legal requirements completed, that are required in establishing a business in India. Such requirements include registering under the Companies Act, getting required licenses from specific departments, opening of bank accounts, etc.
This includes finding the suitable location for the corporate office, hiring suitable candidates for middle and top-level management, implementation of systems, setting the office infrastructure and all other things required for running a business.
The marketing department of our corporate business expansion service provider team in New Delhi develops the brand material required for functioning in the Indian market like websites, brochures, advertisement campaigns etc. This is often done in accordance with the global branding guidelines of the company. Since our core business model started as an advertising agency, we provide all the srevices of branding, advertising and marketing.
As well-contented business setup consultants in India for overseas companies, we also undertake the responsibility of managing the India office operations for our clients. Once the office is set up and running, our client may choose to partner with us for this. We have quite a good experience in working as a partner company for expanding business in India. Like this the clients can enjoy trustworthy services of our reputed brand and ensure of having a trustworthy partner in India.