- Reinforcing the vision of growth for India and enabling the ease of doing business in India, 369enterprises provides comprehensive assistance to guide you through the best entry and exit strategy for setting up and operating in India, including the incorporation of foreign companies. Get tailored solutions for your business setup needs, with our experienced foreign business setup consultants in India.
100+ Clients assisted in setting up a foreign company in India 5+ Billion worth corporate transactions handled last year Startup Centric Legal Expertise Specialized Services for Foreign Nationals Advisory on Post-incorporation Filings
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369enterprises’ Expertise In Business Setup Services
369enterprises is a committed law firm with the express purpose of supporting foreign and national business groups to set up their business in India, specifically for business setup in India from the US. The firm recognizes the concerns relating to the development of an organization in the Indian climate and ensures that our clients get complete assistance involved with the legality and compliance of setting up business in India.
We understand Indian politics, industry, and corporate needs profoundly and have a team with specialized knowledge of both the legal framework as well as the specific business requirements to guide our clients through the smooth establishment of the company.
We are one of the leading business/company setup consultants in India for foreign companies who can provide you with value-added insight and tips for beginning business/trading in India.
Setting Up A Business Operations In India For Foreign Companies
There are a number of options available to a foreign investor wanting to set up business operations in India. Taking into consideration that foreign equity in Indian companies can go up to 100%, subject to equity caps in the respective areas of activities under the policy of Foreign Direct Investment (FDI). From choosing the right legal structure to registering your company, our professionals can help you to incorporate a company in India quickly and efficiently.
As an Indian Company
A foreign company/investor that wishes to commence its operations in India can begin operations either via (i) Joint Ventures or (ii) a Wholly Owned Subsidiary (subject to 100% FDI permission for the activities being carried out).
As a Foreign Company
India also provides more cost-effective options to a foreign company wanting to test the waters before plunging into full-fledged operations:
2.1. Liaison Office/Representative Office: The liaison office acts as a bridge between a primary place of business i.e., the country of origin and entities in India. No commercial activity can be undertaken in a Liaison Office, and therefore, it does not “earn” in India. Such an office plays a limited role in collecting adequate information about required market opportunities and providing data about the company/its products to the Indian market. However, with RBI (Reserve Bank of India) approvals and other permits, such a representative office can facilitate technical and financial collaborations between a parent company and its Indian partner as well as encourage import & export from/to India.
2.2. Project Office: To initiate specific projects, a foreign entity has the option of setting up a temporary project/site office in India. Such project offices can only carry forward the activities for which they have been permitted to set up. They are limited to executing any activity which does not fall within the scope of the project.
Branch Office
Foreign companies requiring a physical presence to conduct their business without the rigmarole of setting up a separate legal entity have the option of setting up their Branch Offices in India. These branch offices are not permitted to initiate manufacturing activities on their own; however, they may reallocate the role to an Indian manufacturer. A branch office of a foreign entity in India is allowed to conduct the following actions in the country:
- Import and Export of goods
- Rendering professional and consultancy services
- Carry forward research work in relation to the business of the parent company
- Promoting technical and financial collaborations with Indian and overseas companies on behalf of the parent company
- Acting as a buying/selling agent for the parent company in India and representing the parent company in India
- Assisting the parent company in the development of software or IT-related requirements
- Rendering technical support to the parent company with respect to the products or services that the parent company offers
- Foreign airlines/shipping company
India: An Attractive Destination For Businesses
Among the emerging markets, India is seen as the ideal destination with ample opportunities available to be capitalized on without compromising on quality, particularly for opening a foreign company in India. This has attracted major multinational companies around the globe, which are looking for low-cost suitable options for opening a foreign company in India and setting up business in India.
Establishing a company in India – Overview
The Indian economy is one of the fastest-growing economies in the world with GDP growth of around 7–8% and a population of over 1 billion as per World Bank Data (2016). The statistics show that India, as of now, boasts a profitable and stable economy and has already entered the league of emerging markets, making it an attractive option for foreign investors.
Procedure for setting up a company in India
- Private Limited Company (PLC)
- Public Limited Company (PC)
- Limited Liability Partnership (LLP)
From a foreign company’s point of view, opening a private limited company in India is one of the highly recommended ways to start a business in India. PLC offers limited liability for its shareholders with certain restrictions placed on the ownership. Streamline your company establishment in India with our tailored services and get your business up and running smoothly.
How To Set Up A Business/Company In India
Efficiently incorporate a company in India with the help of our expert team and make your business launch a hassle-free experience. The incorporation procedure of a private limited company, specifically for US Company incorporation in India, is governed as per the Companies Act 2013 and can be explained through the following steps:
- Proposed name for the company
- Directors and subscribers
- Director Identification Numbers (DIN)
- Digital Signature Certificate (DSC)
- Memorandum & Article of Association (MOA), (AOA)
- Registered Office
- Incorporation
- Post Incorporation Compliance
Role Of 369enterprises In Setting Up In India
From registering your business to obtaining necessary licenses and permits, our team can assist you in every aspect of starting a business in India.
- Advise on Entry Strategy and structuring of Business setup in India
- Identification and selection of the place of business
- Incorporation of the Company or Branch or Liaison Office in India
- Bank account opening and getting Finance
- Getting approvals at various regulatory bodies/agencies
- Ongoing compliance with all laws and regulations
- Accounts and Payroll maintenance
- Compliance with FEMA/RBI for fund transfers