Any person (individual or Company) looking to set up a business in India can do so by starting a private limited company or branch or liaison office.
When setting up such a business we should take special care about the all the government policies and laws that will be applicable in each individual case. We at QbeSquare assist you in setting up the business in India by providing you customized services. Our expert team will assist in every step towards setting up of the business by providing advisory services with respect to the type of entity you should form to carry on business in India, the Government regulations and limitations that you might face while setting up the business, the Government and other regulatory required to be fulfilled before and after setting up of the business.
- Advising on the mode and form of establishment of business in India – concessions and incentives for investing in India, sectoral restrictions, and form of business entity (branch / representative office or subsidiary company).Obtaining approvals and registrations from various authorities to carry on business in India – registration of entity, tax registrations, foreign investment compliances.
- Providing Business support services viz., registered office services, directors, assistance in opening bank accounts, accounting, taxation and corporate secretarial services.Assist in registration of place of establishment under local legislation.
There are two ways for a Foreign Entity to set up Business in India:
- (i) By forming an Indian Subsidiary Company
- (ii) By setting up a Branch/Liaison Office in India
A Subsidiary Company is a Company whose more than 50% shares are held by another Company.
"Branch office", in relation to a company, means any establishment described as such by the company
'Liaison Office' means a place of business to act as a channel of communication between the Principal place of business or Head Office by whatever name called and entities in India.
Yes, a Liaison Office is not allowed to undertake any business activity in India and cannot earn any income in India. As for a Branch Office, a Branch Office is not permitted to undertake trading and Manufacturing activities in India.
Yes, the proposed company to be set up in India shall have at least one resident director, i.e. an individual who has been in India for more than 180 days in the previous Financial Year (April to March) and a registered office address in India for the company to carry out its business.