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.
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:
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:
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.
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.
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.
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.
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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
They all come together to build a great network of trade, labor, business proposals.
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).
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.
A branch office of a far off entity in India is allowed to conduct the subsequent actions within the country:
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Our team will make sure that you are able to setup your business in India, in a completely hassle-free manner.
The Company’s limited liability process is governed by the Companies Act 2013 and can be defined by the following steps:
To hold an available name, a series of documents must be provided by such a requester
The main thing of the business
Upon receipt of the name, it is retained for a period of 60 days and the new company can be immediately included in this.
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.
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.
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Our team of expert professionals will provide you complete knowledge about “How to setup online business in India/ setup small business in India”.
The DSC is required to verify digitally documents, which are sent to the Company Registrar (ROC) or other authorities, such as the tax authorities.
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.
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.
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.
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.
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.
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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.
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
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.
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
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.
LegalRaasta was founded on the principle that sophisticated legal and taxation services should be simple, modern, and inexpensive. We can serve our clients more efficiently thanks to cutting-edge practise technology.