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Understand the Jurisdictions Setup Requirement Before Proceed Your India Company Incorporation Services
The Indian economy is the 7th largest in the world and is 3rd by purchasing power. It is the fastest-growing major economy thanks to its strong industrial and service sectors. Due to its diplomatic relations with major economies, India attracts a large number of foreign investors and companies looking to benefit from economies of scale and incentivized foreign ownership. Read below to learn more about company incorporation in India and why we’re recognized as a leading incorporation service provider.
Business Incorporation in India
While several business structures allow foreign investors and legal entities to incorporate in India, establishing a Private Limited Company is regarded as the best one for various reasons. First and foremost, it limits the liability of the owners against debts and obligations incurred by the company. Secondly, this structure allows the shareholders two to be either foreign investors or legal entities of any nationality expect from Pakistan or Bangladesh.
It is worth noting that any offshore company in India that is registered and doing business within the country will be treated as a local company. The government of India has issued guidelines as to the two ways investors or legal entities can invest in the country. The first way is by receiving approval from the government of India, and the second is the Automatic Route where the capital is remitted within 180 days of introducing capital. Branch offices can be opened in India but the parent company will bear the obligations and debts, unlike opening a subsidiary which limits the owner liability.
Procedure
Compared to other major economies, the process of incorporation in India is fairly streamlined.
- Apply for the Directors Identification Number (DIN).
- Getting the digital signature of the director(s).
- Registration of the company name (must be unique).
- Preparing Minutes of Association, Articles of Association, and other documentation with the Ministry of Corporate Affairs.
- Getting signatures of shareholders, directors, legal representative(s), and treasurer to complete the company registration documents and get the Certificate of Incorporation.
How 3E Accounting Helps
Starting an offshore company in India could turn out to be a great decision, provided that you choose the right business structure and have knowledge of the legal and bureaucratic challenges. This is where 3E Accounting can help you by providing consultation and support from the time you decide what type of company you want to set up and where to the time you receive the Certificate of Incorporation.
Get Started Today
Good consultancy and management lead to a good business foundation. By choosing 3E Accounting as your partner, we get to leverage on our comprehensive India company incorporation services that drive your investment and make it growth. Get in touch with us today and find out why we are the best when it comes to offshore company incorporation.
