1 / 7

Setup Foreign Company's Subsidiary in India

Whether or not opening a subsidiary is the right move for you<br>depends on your businessu2019 present circumstances and future<br>aspirations. The most popular type of company formation are LLP<br>and Private Limited company .

nsquareitoffshore
Download Presentation

Setup Foreign Company's Subsidiary in India

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Foreign Company's Subsidiary setup With the world’s one of largest population and a large talent pool of skilled IT professionals, India continues to be an attractive destination for investment amongst Foreign Companies and Foreign Nationals. Type of entity setup in India Subsidiary Branch Office Easiest way of set up a business in India by NRI’s and Foreign Nationals is through incorporation of a Private Limited Company. Subsidiary is a legally independent company on its own. Branch office is setup by a foreign company in India to carry out the Branch activity for its business. A branch has no separate legal standing www.nsquareitoffshore.com

  2. Liaison Office Project Office Liaison offices as the word suggest it is an office that facilitates close working relationships between the parent company situated abroad and the business parties in India. The other term for Liaison offices is Representative Office. The project office can only undertake the activity relating and incidental to the project. The primary condition for opening a project office India is that the parent company must have secured a contract from an Indian company. Opening Subsidiary in India Whether or not opening a subsidiary is the right move for you depends on your business’ present circumstances and future aspirations. The most popular type of company formation are LLP and Private Limited company. www.nsquareitoffshore.com

  3. Benefits of Private Limited Benefits of LLP www.nsquareitoffshore.com

  4. Documents Required for Foreign Subsidiary Incorporation in India Provide Two Proposed Name for Company to be Incorporate In India. 1. Documents from Parent Company: Apostilled and notarised copy of board resolution from Parent Company. (We will provide board resolution required from Parent company for incorporation of subsidiary company in India.) Apostilled and notarised copy of Certificate of Incorporation and Charter Documents like Copy of MOA and AOA (Memorandum of Association and Article of Association) of Parent Company. Apostilled and notarised copy of Address Proof of Parent Company. 2. Identity proof and Address proof (KYC Documents) of Proposed Foreign Director: Apostilled and notarised copy of Passport (2 copies) Apostilled and notarised copy of Driving Licence Passport Photo Apostilled and notarised copy of any one proof from Latest Electricity bill / Mobile Bill / Bank statement / gas bill (any proof not older than 2 months) Note: If any of the above KYC documents is not in the English language then Apostilled and notarised translation copy of the said proof in English will be required www.nsquareitoffshore.com

  5. We Work, Steps after Incorporation in India Application for Permanent Account Number (PAN) Application for Tax Deduction and Collection Account Number (TAN) Shop and Establishment Registration Professional Tax Registration – Employer & Employee Opening Bank Account Goods and Services Tax (GST) Registration IEC code Registration www.nsquareitoffshore.com

  6. FAQs Here we have made a compilation of the Most Frequently Asked questions. What is the Average Timeline for Setting up a Private Limited Company? The process of PVT LTD Company registration needs around 2 to 3 weeks. If all the details filled are correct and documents submitted are complete, then the time taken for registration can be minimised. Is it necessary to use the word “Private Limited” in the name of the Company? Yes, a Private Company must use the word “Private Limited” as a suffix. What is the Minimum Number of Individuals required for Private Company Registration? A minimum of two directors and shareholders are needed for the process of private company registration. Moreover, the same individuals can act as Directors as well as Shareholders of the company. What percentage allotment of any shares to Indian resident Director ? It is not necessary that a director should also be a shareholder in Indian Company. you as a foreigner or foreign company can retain 100% ownership of Indian Company. www.nsquareitoffshore.com

  7. FAQs The best ecosystem to build remote teams in India Indian entities NSquareIT Offshore operates to make your business expansion and Indian hiring seem like child’s play. That’s why we offer affordable, transparent fixed monthly billing you’ll love. You spot the talent - We do the rest Quick and Easy company setup with us Connect with us. www.nsquareitoffshore.com

More Related