We offer our professional expertise to domestic and foreign investors & companies for setting up their businesses in India . We not only advise you about the foreign investment policy & procedures of the Government of India but also obtain all the necessary approvals required. Companies in India are required by law to place on public record their statutory annual accounts, which must be audited. These must comply with a range of disclosure requirements set out in the Companies Act, 2013. We, ensure that all disclosure requirements are met, and are authorised to carry out independent statutory audits. Our approach to audit concentrates effort where its most needed, keeping costs to a minimum and providing a useful management tool. Our advice isn’t just an annual event but clients rely on our experience all year round. As your profits grow, we advise on corporate tax planning and compliance. Whenever cross border / intra group transactions arise, the difficult issue of transfer pricing is never far behind. We can help you to determine fair prices and ensure that the documentation required by the tax authorities is in place. Financial and tax planning for business owners and key employees is just as important to maximise your financial growth and minimise tax bills.
Setting up Company in India :
Also We offer our professional expertise to domestic and foreign investors & companies for setting up their businesses in India . We not only advise you about the foreign investment policy & procedures of the Government of India but also obtain all the necessary approvals required.
The services rendered in this area include the following :
- Company / LLP (Limited Liability Partnership) Incorporation
- Assistance in reviewing all agreements & contracts to protect the interest of the company & investorss
- Obtaining all approvals & clearances from Reserve Bank of India & Foreign Investment Promotion Board (FIPB).
- Obtaining all the necessary one time registrations required to commence the business activities.
- Setting up the accounting / book keeping systems and processes.
We provide valuable inputs on the most tax friendly options while conceptualizing the business / investment strategy :
A foreign company planning to set up business operations in India has the following TWO options:
- As an Indian Company
- As a Foreign Company
As an Indian Company :
- A foreign company can commence operations in India by incorporating a company under the Companies Act, 2013 through:
Joint Venture With An Indian Partner :
Foreign Companies can set up their operations in India by forging strategic alliances with Indian partners. Joint Venture may entail the following advantages for a foreign investor:
- Established distribution/ marketing set up of the Indian partner
- Available financial resource of the Indian partners
- Established contacts of the Indian partners which help smoothen the process of setting up of operations
Wholly Owned Subsidiaries :
Foreign equity in such Indian companies can extend up to 100% depending on the equity caps in respective sectors and areas of activities as per the regulations prescribed under the Foreign Direct Investment (FDI) policy in place on the date of investment. Basically Reserve Bank of India through its Foreign Direct Investment Policy has two routes. One is an Automatic Route and other is a Prior Approval of FIPB Route. We can assist in understanding the details of the FDI policy, sectoral equity caps & procedures on a specific request.
AS A FOREIGN COMPANY :
Foreign Companies can set up their operations in India through:
- Liaison Office/Representative Office
- Project Office
- Branch Office
Such offices can undertake any permitted activities. Companies have to register themselves with Registrar of Companies (ROC) within 30 days of setting up a place of business in India.
Liaison Office/ Representative Office :
Liaison office acts as a channel of communication between the principal place of business or head office and entities in India . Liaison office cannot undertake any commercial activity directly or indirectly and cannot, therefore, earn any income in India . Its role is limited to collecting information about possible market opportunities and providing information about the company and its products to prospective Indian customers. It can promote export/import from/to India and also facilitate technical/financial collaboration between parent company and companies in India . Approval for establishing a liaison office in India is granted by Reserve Bank of India (RBI).