Business Setup in India

Expanding Internationally:

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 a “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

1. 1. Pre-Business Setup Phase:
      • 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 sub-contract manufacturing to Indian companies.
      • Project Office: (LLP): Set up for temporary projects funded by foreign companies, subject to specific RBI regulations.