As the global economy continues to shift towards developing nations, businesses looking to expand their operations are turning towards the fast-growing Indian market. However, establishing a physical presence in India is only the first step towards success. It is essential to ensure that the presence is the right fit for your business needs and goals.
With a population of 1.4 billion people, India is a promising business destination for companies around the world. However, setting up a business in a foreign country, particularly a developing nation like India, can be a daunting task. At Neobizz, we understand the challenges and complexities of starting a business in India, and we offer professional support to help you navigate through the process by providing customized solutions to help your business thrive in India.
Following are the different types of legal structures of corporations for setting up business in Inda:
Private Limited Company is the most common form of business structure in India. It is a separate legal entity from its owners and shareholders, providing limited liability protection to the shareholders. Private Limited Companies can have a maximum of 200 shareholders and cannot issue shares to the public.
Public Limited Company is a legal structure that can issue shares to the public. It is a separate legal entity from its shareholders and provides limited liability protection to the shareholders. Public Limited Companies are required to comply with strict regulatory requirements and are suitable for large businesses looking to raise capital from the public.
LLP is a popular legal structure in India that combines the benefits of a partnership and a company. In an LLP, the partners have limited liability protection, similar to shareholders in a company. LLP is suitable for businesses with multiple owners and can have an unlimited number of partners.
OPC is a legal structure that allows a single person to start a company. It provides limited liability protection to the owner and allows them to operate as a separate legal entity. OPC is suitable for small businesses with a low-risk profile.
A branch office of a foreign company in India is permitted to engage in basic operations, such as exporting and importing goods or offering professional or consultancy services. However, approval from the Reserve Bank of India (RBI) and compliance with the provisions outlined in the Foreign Exchange Management Act (FEMA) of 1999 are required to establish a branch office in India.
The main aim of a Liaison Office of a company in India is to assess the market and investment climate and manage business operations in a specific area. In India, Liaison Offices are essential in identifying potential market opportunities, sourcing supplies, and providing information about the parent company to Indian authorities and customers.
Setting up a project office is the optimal approach for companies that seek to establish a temporary presence in India. To establish a project office, a foreign company must obtain approval from the Reserve Bank of India and register with the Registrar of Companies (RoC). In addition, compliance with certain formalities outlined in the Companies Act of 2013 is required to initiate a project office.
We understand that setting up a business in India can be a complex and time-consuming process. We offer end-to-end solutions, from obtaining the necessary registrations and licenses to finding the right office space, ensuring a hassle-free experience for our clients.
We value our clients’ time and understand the importance of timely delivery. Our team ensures that all the necessary registrations and approvals are obtained within the stipulated time, ensuring a smooth and efficient business setup process.
We have extensive knowledge of the legal and regulatory landscape in India and can provide expert guidance on compliance requirements, including company registration, taxation, and other legal and regulatory issues.
Our team has extensive knowledge of the local market in India. We understand the business landscape, cultural nuances, and regulatory framework, making us a valuable partner for clients looking to set up their business in India.
We believe in transparency, and our pricing structure reflects that. We provide our clients with a clear and transparent pricing structure, ensuring that there are no hidden charges or surprises along the way.
We provide personalized support to our clients, ensuring that they have a dedicated point of contact throughout the business setup process. Our team is available to answer any questions or concerns that our clients may have, providing a high level of customer satisfaction.
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