Setting up a Foreign Company
As a foreign company, you are now permitted to set up a Foreign Company in India with limited liability and 100% owned by a foreign parent (subject to sectoral restrictions/conditions).
As a foreign investor in India, you should carefully evaluate various options available to you to register a foreign company in India like -
A wholly-owned subsidiary is a company where the entire share capital is owned and controlled by the foreign parent company. This gives the foreign company complete control and ownership, resulting in greater flexibility in decision-making.
A liaison office or representative office acts as a communication channel between a foreign company and its Indian subsidiary. On the other hand, a Branch office functions as an extension of the foreign entity in India, operating as a separate legal entity. Both these structures provide effective ways for foreign companies to participate in the Indian market strategically.
The project office is also known as the project management office (PMO). In India, a project office is a specific setup that multinational corporations use to manage and execute projects or contracts within the country.
A joint venture in India involves a foreign company partnering with an Indian company to establish and operate a shared entity. This collaboration allows for the sharing of resources, local market insights, distribution networks, and risks.
All the above options have their advantages and disadvantages. To navigate the process of registering a foreign company, it's best to consult with an expert. You can contact our team of experts at companies@kdpaccountants.com.
Process for Foreign Company Registration
- Preparation of necessary documents
- Selecting Company Structure.
- Obtain necessary approvals.
- Getting registered with the Registrar of Companies (ROC).
- Opening Bank Account.
- Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) Application.
- Building Relationships and Networks.
If you are in the same circumstance, KDP is the appropriate solution for all of your problems related to setting up a Foreign Company in India because we are one of the most prestigious business consulting services, and all of our employees are highly skilled and capable of providing value-added services to register a foreign company in India. We understand our client's diverse needs and can help foster connections between parent companies and Indian businesses. If you'd like to learn more, feel free to contact us.
