Business Set up in India
Business Setup Worldwide is a platform to help you set up your business. Right from incorporation, registration, and licensing to establishing your office space, we facilitate the formation of your company through expert counselling and incubation.
What is a Business?
A business or enterprising entity engaging in industrial, commercial, or professional activity is referred to as a business. Businesses can be for-profit or non-profit enterprises dedicated to a social cause or a charity mission. Businesses can range in size from small to large, and can range in scale from sole proprietorships to multinational organizations.
How can foreign companies establish a place of business in India?
Any foreign company can establish its place of business in India by filing eForm FC-1 (Information to be filed by foreign company).
Note: The eForm needs to be digitally signed by authorized representative of the foreign company. There is no need to apply and obtain DIN for Directors of a foreign company. However, it is mandatory to register the DSC of the authorized representative of the foreign company via associate DSC service available at MCA portal.
Foreign Investor can commence business in India as:
1. Indian Company*
v Joint Venture
v Wholly Owned Subsidiary
v JV/Wholly Owned Subsidiary as
(i) Private Limited or
(ii) Public Limited Company, s.t. Companies Act, 2013
2. Foreign Company**
v Liaison Office To represent the parent company in India
v Branch Office To undertake activities such as Export, Import, research, consultancy etc.
v Project Office Activities as per contract to execute project
3. Limited Liability Partnership
Subject to provisions of LLP Act, 2008 FDI permitted under automatic route in LLPs operating in sectors/ activities where 100% FDI is allowed, through the automatic route and there are no FDI-linked performance conditions*
Process on How to Register a Business in India
Ø Search a Suitable Name for Your Business
Ø Preparing the Documents
Ø Application for DIN and DSC
Ø Application for incorporation
Ø Filing of Forms and Documents
Documents required to start a Business in India
§ Photo of all Member, Directors, Partners/Proprietor.
§ Pan Card of all Member, Directors, Partners/ Proprietor (Not mandatory for Foreign Directors)
§ ID proof of all Member, Directors, Partners/Proprietor (like Aadhar Card or Voter Card or Passport or Driving licence)
§ Address Proof of registered office (like Electricity Bill or if any other)
§ Passport Mandatory for foreign investors, and must in English language.