India's growing economy and an excellent consumer base attract several foreign companies. Registering your company in India provides an edge to your company, to unlock a multitude of benefits.
India, being an emerging economy with a large consumer market, presents golden opportunities to entrepreneurs from other countries. Therefore, the registration of your company in India allows you to have strategic leads and unlock a host of benefits.
Types of Foreign Company Registration in India
A branch office essentially represents an extension of your foreign company in India. It mainly acts to conduct market research, promote business, and liaison with Indian entities.
A liaison office principally helps in communication between the foreign company and its Indian counterparts. It can't undertake any income-generating business activity in India.
The wholly-owned subsidiary is a completely independent legal entity of a foreign company in India. It can, on its own, engage in many business processes in India independently.
Why Establish a Foreign Company in India?
• Access to Vast Market: Its huge population and the emerging middle class have made India the most lucrative destination for expansion.
• Government Support: The Indian government has also initiated several policies to woo this foreign investment.
• Skilled Workforce: A pool of highly skilled professionals is available in almost all sectors.
• Strategic Location: Access to other markets in Asia is easily available, as well as to several other parts of the world.
Steps for Foreign Company Registration in India
- Approvals from MCA.
- Prepare Required Documents: Certificate of incorporation, memorandum of association, articles of association, and information regarding the directors and shareholders of the company.
- Get DIN
- Application submission to ROC.
- Certificate of Registration
Compliance Requirements for Foreign Companies in India
• Annual Returns
• Audits
• Tax Compliance
• Labour Laws
India, being an emerging economy with a large consumer market, presents golden opportunities to entrepreneurs from other countries. Therefore, the registration of your company in India allows you to have strategic leads and unlock a host of benefits.
