How to Start a Business in India From Corpseed

1.  Corpseed  Your browser does not meet the minimum requirements for Canvas. Please visit the Canvas Community for a complete list of supported browsers.   How to start a business in India from Corpseed India's large and diverse economy has always attracted foreign investment from all over the world. Sustainable economic growth and a favorable foreign investment policy have boosted the morale of foreign investors. In fact, the government of India has recently introduced a series of new tax incentives to encourage more foreign investment. If you want to start a business in India, there are many investment opportunities waiting for you. As a foreign investor, you will have to follow certain rules and meet the required criteria. In all cases, it is highly recommended that you hire a professional tax advisor or corporate lawyer to assist you with the associated procedures. Prospect You can choose any city of your choice to start your business. Large cities with multiple economic bene?ts and facilities, such as Bombay, Delhi, Bangalore , Calcutta, Chennai and Hyderabad, are good options for starting a new business. It should be noted that to date, the country hosts several American and European companies involved in different ?elds: information and communication technologies, trade, services, export, biotechnology, pharmaceutical, industry, petro chemistry, metallurgy, textile, automobile construction, etc. Tourism is also a very promising area. If you have chosen to start your business in India, you should know that you will be able to bene?t from tax incentives, as well as from special economic zones (SEZs). You will also be entitled to tax exemption during the ?rst ?ve years of activity. You will then be eligible for a 50% tax reduction for the following years.

2. Start Your browser does not meet the minimum requirements for Canvas. Please visit the Canvas Community for a complete list of supported browsers.   Before starting the real business creation process, be sure to ?nd out about procedures and formalities, online or by seeking professional advice. You can contact foreign businessmen already established in the country, or even the chamber of commerce of your country of origin in India and other diplomatic representatives. To invest and start a business in India because the business visa is only authorized for short stays, considered as business trips. , you will need a work visa. A business visa will not be valid in this case Register your business You will need to decide what type of business is best suited to the nature of your business. You can choose from the following options: 1. The limited company 2. The limited liability company 3. The partnership 4. Cooperative 5. The multi-state cooperative Then you need to register your business. You will need to register it with the Ministry of Commercial Affairs. To do this, you will need to request a director identi?cation number (DIN) from the ministry's website. On departure, you will receive a temporary number which will be valid for a period of 60 days. You will then have to submit the physical copy of the registration form with the identity documents (passport, identity cards, driving license), two passport-size photos and proof of address to the relevant ministry. Make sure that your identity documents and proof of address are authenticated by a notary public. Once the documents are approved, you will receive your permanent DIN within a few days. In order to apply online, you will need a Class II digital signature certi?cate provided by six private agencies, approved by the Ministry of Commercial Affairs. The request must be made by the director of the company, producing his identity documents and proof of address. Related Post: How to write a business reply letter for Client Satisfaction To register the name of your company, reserve the name of your company on the website of the Companies Register. You can give a maximum of six company names. The names will be veri?ed by the Companies Register and, if the name chosen is approved (in accordance with company law), it will be published on the Companies Register website within two days. Stamp duty Stamp duties have been mandatory since January 2010. You can do this online. You must complete forms 1, 5 and 44 which will be automatically stamped. You will also have to complete Forms 1, 18 and 32, attaching the requested documents, namely the initial directors' agreement, the memorandum and the articles of association (which you must scan). The required registration fees can be paid online with your credit card or through an approved bank. The certi?cate of incorporation will then be sent to you by email or by post.

3.  Important: Your browser does not meet the minimum requirements for Canvas. Please visit the Canvas Community for a complete list of supported browsers.   The registration fees to be paid to the Companies Register vary according to the approved capital of the company (as stipulated in the memorandum).  Good to know: Although it is not compulsory to obtain the company stamp during company procedures, it is recommended to do so, as you may need it later. Tax conditions According to Indian tax regulations, all residents in India, including foreigners, must have a permanent account number (PAN). This number will be requested by the local tax authorities during the procedures. Once you have your PAN, you will need to request a Tax Account Number (TAN) from the Income Tax India website. You should also call the tax of?ce in person with all of your documents after the online application and payment. Once you have completed the above formalities, you will need to register for value added tax (VAT) at the tax of?ce closest to the business address. In some cities, online registration can be done. You will need to provide the following documents: 1. A veri?ed copy of the company's memorandum and articles; 2. Proof of address and your identity document (passport or driving license); 3. Proof of the location of the business, such as a title deed or rental agreement); 4. A passport size photo ID; 5. A copy of your PAN card; 6. A Chalan form n ° 210 (original) proving that the fees applied have been paid. Thereafter, you must register for the professional tax with documents, namely a proof of address, the contact details of the company, information on the registered of?ce of the company if applicable, the articles of association of the company and others associated certi?cates or documents. Note that the documents required may vary depending on the type of company chosen. Company registration with EPFO You will have to submit to certain procedures in accordance with labor law. You must register the company with the labor inspection of?ce closest to the company's address. For this, you must provide a letter stating the name of the company, the names of the manager and employees, the address of the company and its activities. Fees apply based on the number of employees. If your company has more than 20 employees, you will also need to register it with the Organization of Employee Provident Funds (EPFO). It is important that all employees eligible for social security are registered. Each of them will then receive an account number. Health insurance Finally, all employees registered with EPFO are eligible for health insurance. An application form duly completed and signed by the employees must be sent by the employer to the state insurance of the employee (General). In

4. the days that follow, the employee will receive a temporary insurance card pending the issuance of the permanent insurance card. requirements for Canvas. Please visit the Canvas Community for a complete list of supported browsers. Your browser does not meet the minimum     Related Post: Find you’re Business: Here are the Top 10 Ideas for Doing Business in 2020     Page Comments No Comments Add a New Comment: You must be logged in to make comments on this page. Home Pages for this section How to start a business in India from Corpseed