Business Setup India

In today’s world, it is much easier to setup Business in India. In comparison to previous years, it takes less time to start a company in India nowadays. In any part of India, establishing a company takes less than 5 weeks.

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Business Setup in India: How to do that?


In today’s world, it is much easier to setup business in India. Nowadays it takes less time to start your business in India compared to years ago. It only takes a little over 5 weeks to register a company in any part of India.
With the digitalization of the company registration process, the time spent on company registration has decreased significantly.
Before anyone plans to setup business in India, the owner has to decide what kind of business they should be. There are usually two types of business organizations such as limited private companies and limited public companies.
In addition to these general business organizations, there are other types based on the specific needs of business owners.
Our expert team can provide all the assistance in setting a business in India. With the knowledge, we have gained over the years and hundreds of clients who have started their successful businesses in all parts of India.
We are one of the most renowned business setup consultants in India.
We can assure you of the best services at the most competitive prices. Our business consulting services range from a startup company or business until that business becomes a successful business in India.
With us you can also go for “small business setup in India”.
The various types of documents and documents are involved in starting a business in India without the permission of the Government of India.
We can assist you in registering your company in India by obtaining important documents and approval from the government. So if you need any guidance about the “best business to setup in India”, then contact us.

Business installation requirements in India


To start a company in India, you need at least two people and an address in India. The company must have at least two directors and at least two shareholders.
According to Indian laws and regulations, one director must be a citizen of India and a resident of India.
One should establish a company with three directors that include two immigrants and one local citizen. In this case, 100% of Indian company shares can be held by foreign / NRI.
The address in India serves as the company’s registered office. Foreign companies establish their offices in major cities such as Delhi, Bangalore, Mumbai, and Chennai, etc.
Note: If you are looking to setup business in India but are unaware of all the legalities involved. Then contact the best “business setup consultants in India”, for a completely hassle-free experience.

Our expert team will guide about:

  • How to setup small business in India.
  • How to setup a big business in India.
  • Advice on the best business to setup in India.
  • How to setup online business in India.

SERVICES OFFERED:

  • Consultation services such as Stocks i.e. private placement, evaluation reports, ESOP implementation, Project reports.
  • Tax collection and bookkeeping services such as GST Refund. Tax Refund, GST Refund Application, and management of tax scrutinies.
  • Secretarial and legal audits: Compliance with regulations such as annual secretary, board meetings, and the keeping of official registers.
  • Payroll management and bookkeeping services such as online salary management and bookkeeping or instant booking.
  • Legal advice such as employee agreements, founder agreements, shareholder agreements, vendor agreements.
  • Comprehensive advice on the best business to setup in India.

Benefits of Foreign Companies


Although India is a developing country, it ranks sixth in the global economy.
The main factors that attract foreign companies with business start-ups in India are skilled workers, foreign policies, Government support, a large number of highly focused youth, experienced professionals.
India has rich agricultural and mineral resources that can greatly benefit overseas business houses. All these factors attracts a large number of foreign companies to setup business in India.
The following are some of the benefits of foreign companies with business setup in India:

Tax System

Complete network tax agreements in India are ideal for business. Also, the latest amendments to the direct tax code and GST introduction are some of the biggest benefits to business growth here. If you want to avoid making any mistakes while setting up your business in India. Then contact our expert team to understand the procedure to setup business in India. We are considered one of the best business setup consultants in India.


Business Regulations

The Indian Parliament has taken advantage of the efforts of the industrial sector to promote business in India.
The introduction of the Customs and Excise Act has facilitated the distribution of goods throughout India.
Tax laws are also referred to in the Specific Tax Code Bill. The Companies Act has also been amended to address Indian Company law in the international market.
The Land Acquisition Act is also on the line. All these laws and many other bills in parliament make it easier for international players to play in the Indian business market.


Operating Expenses

The cost of operating to do business in India compared to the lower side. Business start-up infrastructure is available at a low cost. Salaries, internet, labor costs, everything necessary to start a business is available.


Indian Financial Plan

The financial system in India is very strong. Financial sources are readily and easily available in the Indian market at low cost and very little legal. These funds are completely managed by the Reserve Bank of India.
So if are you are looking for finance, to setup business in India. Then contact us to understand in detail about the procedure to setup business in India.
Our expert team will also guide you about small business setup in India/ Best business to setup in India.


Large Trading Network

Management links with state-of-the-art technology institutions are also supported by both regional and regional trade agreements. One can also add to many trading partners.
They all come together to build a great network of trade, labor, business proposals.


Important factors for Setting Up Business Operations in India


There are a variety of options available to a foreign investor eager to found out about business operations in India. Taking into consideration that foreign equity in Indian companies can go up to 100%, subject to equity caps within the respective areas of activities under the policy of Foreign Direct Investment (FDI).

  1. As an Indian Company: A foreign company/ investor that wishes to commence its operations in India can begin operations either via (i) Joint Ventures or (ii) an entirely Owned Subsidiary (subject to 100% FDI permission for the activities being carried out).
  2. As a Foreign Company: India also provides less expensive options to a far off company eager to test the waters before plunging into full fledge operations:
    1. Liaison Office/Representative Office: The liaison office acts as a bridge of continuity between a primary place of business i.e. the country of origin and concerned parties in India.
    2. No business activity is often undertaken during a Liaison Officer, and thus, it doesn’t “earn” in India.
      Such an office plays a limited role in collecting adequate information about required market opportunities and providing data about the corporate / its products to the Indian market.
      Fortunately, such a representative office can facilitate technical and financial partnerships between a parent company and its Indian partner, as well as promote import and export from/to India, with RBI approvals and other permits.

    1. Project Office: To initiate specific projects a far-off entity has the choice of fixing a short-lived project/site office in India. Such project offices can only carry over the activities that they need been permitted to line up. they’re limited to execute any activity which doesn’t fall within the scope of the project.
    2. Branch OfficeForeign companies requiring a physical presence to conduct their business without the rigmarole of fixing a separate legal entity, have the choice of fixing their Branch Offices in India.
      These branch offices aren’t permitted to initiate manufacturing activities on their own however they’ll reallocate the role to an Indian manufacturer.

A branch office of a far off entity in India is allowed to conduct the subsequent actions within the country:

  • Import and Export of products
  • Rendering professional and consultancy services
  • Carry forward research add reference to the business of the parent company
  • Ensuring the promotion of technical and financial collaborations with Indian and overseas companies on behalf of the parent company.
  • Acting as a buying/selling agent for the parent company in India and representing the parent company in India, so that there are no hindrances in the process.
  • Assisting the parent company within the development of software or IT related requirements
  • Rendering technical support to the parent company with reference to the products or services that the parent company offers

The expert team of LegalRaasta will completely assist you in understanding the best business to setup in India/Procedure to setup business in India/ How to setup online business in India.
Our team will make sure that you are able to setup your business in India, in a completely hassle-free manner.


Procedure to Setup Business in India? – Steps to setup business in India


The Company’s limited liability process is governed by the Companies Act 2013 and can be defined by the following steps:

Suggested company name:

To hold an available name, a series of documents must be provided by such a requester

The main thing of the business

  1. Up to 6 names are offered in a row
  2. Details of the minimum organizers as well
  3. Details of minimum directors.

Upon receipt of the name, it is retained for a period of 60 days and the new company can be immediately included in this.


Directors and subscribers:

For a limited private company, it requires a few directors and 2 subscribers, and, for a Limited Public Limited Company, a minimum of 3 directors and 7 subscribers are required.

Director Identification Numbers (DIN):

It is recommended that all proposed directors obtain a DIN. Indian Partnership Act, 1932, governs partnerships. It clearly states that it is not compulsory for partnerships to get registered.
In case you want to register for a partnership firm, then there is a detailed procedure, which you are required to follow. You must submit the registration application along with the fees to the “Registrar of Firms”, of the particular state, where your firm is situated.
And if the registrar is satisfied with the provided documents, he will perform the function of registering the entity. The partnership will be registered in the “register of firms” and the applicants will be issued a certificate of registration.
Choose “Company Registration Online” and register your partnership firm with the help of “LegalRaasta”.
Our team of expert professionals will provide you complete knowledge about “How to setup online business in India/ setup small business in India”.

Digital Signature Certificate (DSC):

The DSC is required to verify digitally documents, which are sent to the Company Registrar (ROC) or other authorities, such as the tax authorities.

Memorandum with Article of Association (MOA), (AOA):

These are mandatory legal documents that contain important information about the company and set out the required operating procedures for the company, its rules, and regulations.

Registered Office:

It is compulsory for any company to have a registered office in India from the date of its installation and must be publicly accessible through correspondence and notices.

Certificate of Incorporation:

Upon receipt of mail and acceptance of all official documents required to enter a company by the ROC, the certificate is issued and from there, the private limited company can start its operations.
While, at the Public Company, you are required to obtain a Company Startup Certificate from the ROC.
Note: The procedure to setup business in India, involves a comprehensive process. So if you want to avoid making any error, then contact the best business setup consultants in India.
Our team of experts at LegalRaasta will guide you along every step of the business setup process. And will also assist you in choosing the best business to setup in India.

Post Installation:

Legal work does not end with company inclusion. Posting a company needs to make a series of complaints and official registrations, such as; Opening of bank accounts, bookkeeping, stock allocation, IT registration, import codes, sales tax registration, service tax registration, Excise Medium registration, and other A&A services to its daily client such as House / Service general legal.

Documents required for Setting up a business in India


  • Copy of Passport Copy certified by the Consulate of Indian Embassy or Foreign Public Notary.

  • Copy of Driver’s License / Bank Statement or Electronic Copies or Property Tax Receipt certified by the Consulate of Indian Embassy or Foreign Public Notary.

  • Proof of address should not be more than 1 year from the date of the Incorporation submission forms.

  • Latest image in JPG Format

  • Current Activity, Email, and Mobile Number with qualifications.

  • Proposed Company Names (At least three or four names to choose from and reasons for choosing a name)

  • Share Allocation Rate among promoters.

  • Category on the proposed main business line (key elements)

  • The full address of the Registered Company Office and the address of the nearest Police Station. (You can register your residential address as a registered company office).

  • A copy of the NOC from the Registrar of Office (will be provided with the format later).

  • Copy of Recent Electricity Bill / Telephone Bill / Gas Bill from the Registered Office Bill.


India Market Entry Strategy


A foreign company may begin operations in India by incorporating a company under the Companies Act, 1956 through the registration of a company or by establishing a branch or communications office.
Establishing a limited private company is the easiest and fastest way to setup in India. FDI up to 100% public or private limit is permitted under FDI policy where approval from the RBI or central government is not required.
For the purpose of registration or filing, an application must be submitted to the Registrar of Companies (ROC). For more information please visit http://dca.nic.in.
Another way to enter as an external company is to open a branch office, a liaison office, and a Project Office. In this case, approval from the RBI or central government is compulsory.
Therefore, the time and money required to establish a private or limited private company are much less than building such offices.


The cost of business registration in India


Corporate construction services in India are inexpensive. The business building process can be completed within a few weeks.
The installation process can be facilitated with the help of tax advisors in India. It may cost you a penny but the whole process will be easier for you.


Requirement For NRIs To Setup Business In India


Requirement For NRIs To Setup Business In India

  • There must be a minimum of 2 directors. One of them must be an Indian resident.
  • There must be a minimum of 2 shareholders. The NRI partner is allowed to keep 100% of the shares.
  • There is no compulsion for the NRI to give shares to the Indian director.

LegalRaasta is one of the business setup consultants in India. We have assisted a large number of people in setting up their business in India.
Our expert team will provide complete knowledge about the best business to setup in India. We will make sure that your business setup online process, is completely hassle-free.


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FAQ


    If you are looking to register a new company in India, then you must submit your registration application along with all the relevant documents to the MCA (Ministry of Corporate Affairs). You can submit the application online also.

    MCA has a proper registry of all the registered company names. So you will have to search in the directory, to know if your proposed company name is already registered or not.

    Yes, according to Indian laws, an NRI can be the director but he/she must fulfil all the criteria laid down in the Act. The foreign national, must have a DIN (Director Identification Number)..

    According to the new rules laid down by the MCA, you can register your company in just 10-15 days.

    The complete process is online, so there is no need for to be physically present. But a scanned copy of all the documents must be submitted via e-mail.

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