Services
Business Setup in India
Business Setup in India
Many companies want to grow beyond their borders. Countries like India, China, and Brazil are popular choices for international business due to their large customer bases and fast-growing economies. India, in particular, has a strong economy, growing at an average rate of 8.5% over the last five years. It’s an attractive destination for investment, thanks to its vast workforce and resources.
Government Support:
The Indian government encourages foreign investment by easing regulations, allowing 100% foreign investment in many sectors, and simplifying the process of setting up businesses. However, starting a business in India still requires meeting various legal requirements.
Challenges for Foreign Investors:
Foreign investors often face challenges like dealing with multiple consultants to comply with different regulations, leading to confusion and delays. To solve this, Singh Malik & Associates (SMA) offers “Business Setup Services in India” to provide a single point of contact for all compliance needs.
Comprehensive Services:
SMA provides a “total solution” for foreign clients to make business setup smoother. Their experienced team ensures efficient operation during the business setup process.
Key Steps for Business Setup
- India attracts significant Foreign Direct Investment (FDI) due to its fast-growing economy and skilled workforce. The government has reduced restrictions to facilitate foreign investment.
2. Setting Up an Indian Entity:
- Joint Venture: Partnering with an Indian company to share business activities.
- Wholly-Owned Subsidiary: A company fully owned by a foreign parent company, allowed in sectors with 100% Foreign Direct Investment (FDI).
- Limited Liability Partnership (LLP): A flexible business structure combining the benefits of a company and partnership, also allowed for FDI.
3. Establishing a Foreign Company:
- Liaison Office: Acts as a communication channel between the foreign company and Indian clients, but cannot earn income or engage in commercial activities.
- Branch Office: Can conduct trading and manufacturing activities but must subcontract manufacturing to Indian companies.
- Project Office: (LLP): Set up for temporary projects funded by foreign companies, subject to specific RBI regulations.
Services Offered
- Business Entry Advisory Services
- Identifying Suitable Business Structures
- Licenses and Registration Assistance
- Permanent Account Number (PAN) and Tax Registration (TAN)
- Trademark and Intellectual Property Registration
- Incorporation Document Preparation
- Document Legalization
- Secretarial and Administrative Support
- RBI Compliance Assistance
- Post-incorporation services (Accounting, Payroll, Taxation, etc.)