Start Your Business in India with Confidence
Expert-Led Business Setup Services for Foreign Entrepreneurs, NRIs, and Indian Startups
Navigating the complexities of establishing a business in India can be daunting. At TaxVic, we simplify the process, offering end-to-end assistance to ensure your venture is set up efficiently and compliantly.
Why Choose TaxVic for Your Business Setup?
● Comprehensive Services : From selecting the appropriate business structure to obtaining necessary registrations and licenses, finding registered office, helping with appointing Indian directors, we handle it all.
● Expert Guidance : Our team of seasoned Chartered Accountants and legal professionals provide personalized advice tailored to your business needs.
● Transparent Pricing : No hidden fees. We offer clear, upfront pricing for all our services.
● Timely Execution : We value your time and ensure that all processes are completed within stipulated timelines.
● Experienced : We have already helped foreign individuals and entities who are running their business in India
● Our network has different industry experts which makes foreign business find it smooth in operating in India.
Our Business Setup Services Include :
● Entity Selection & Registration :
○ Private Limited Company
○ Limited Liability Partnership (LLP)
○ One Person Company (OPC)
○ Branch Office, Liaison Office, or Project Office for foreign entities
● Regulatory Registrations :
○ Director Identification Number (DIN)
○ Digital Signature Certificate (DSC)
○ Permanent Account Number (PAN) & Tax Deduction and Collection Account Number (TAN)
○ Goods and Services Tax (GST) Registration
○ Import Export Code (IEC)
● Post-Incorporation Compliance :
○ Assistance with opening bank accounts
○ Shareholder agreements and company bylaws
○ Accounting and bookkeeping services
○ Annual compliance filings
Documents Required for Business Setup
● For Indian Nationals :
○ PAN Card
○ Aadhaar Card
○ Passport-sized photographs
○ Proof of registered office address
● For Foreign Nationals/Entities :
○ Passport
○ Proof of address (e.g., utility bill, bank statement)
○ Passport-sized photographs
○ Board resolution (for entities)
○ Proof of registered office address in India
Note: The foreign documents has to be apostilled. Additional documents may be required based on the chosen business structure.
Frequently asked questions
How long does it take to register a company in India?
Typically, the registration process takes between 10 to 15 working days, subject to timely submission of required documents and approvals from regulatory authorities.
Can a foreign national be a director in an Indian company?
Yes, a foreign national can be appointed as a director in an Indian company, provided they meet the eligibility criteria and obtain a Director Identification Number (DIN) and the documents are complete.
Is it mandatory to have a physical office in India?
Yes, having a registered office address in India is mandatory for company registration. This address will be used for official correspondence.TaxVic helps foreign individuals and entities find and manage registered office anywhere in India.
What are the compliance requirements post-registration?
Post-registration, companies are required to appoint an auditor for the company, maintain proper accounting records, file annual returns, conduct audits, and comply with tax regulations.
What is the best business structure for a foreigner in India?
For most foreign entrepreneurs, a Private Limited Company or a Wholly Owned Subsidiary (WOS) is ideal due to limited liability, ease of fundraising, and regulatory clarity.
Can a foreign company open a branch or liaison office in India?
Yes. Foreign companies can open a Branch Office, Liaison Office, or Project Office in India with prior approval from the Reserve Bank of India (RBI).
Is FDI (Foreign Direct Investment) allowed in India?
Yes, India allows 100% FDI in most sectors under the automatic route. However, certain sectors require government approval. We help assess and guide you on this.
Do I need an Indian partner to start a business in India?
No, it is not mandatory. Foreigners can start a 100% foreign-owned company in permitted sectors. However, at least one director must be an Indian resident.
What tax registrations are required for foreign companies in India?
Common registrations include PAN, TAN, GST, and IEC (for import-export businesses). We assist in securing all required registrations post-incorporation.
Is physical presence required during company incorporation?
No. The entire process can be completed remotely via digital signatures and scanned documents. Our team handles everything end-to-end.
What are the ongoing compliance obligations for foreign-owned businesses?
Businesses must maintain proper books of accounts, file ITRs, GST returns, ROC filings, and conduct audits. We offer retainer plans to manage this seamlessly.
What are the repatriation rules for foreign investors?
Profits and dividends can be repatriated after payment of applicable taxes, subject to FEMA regulations. We assist with documentation and 15CA/CB compliance.
Do I need to open an Indian bank account for my company?
Yes, every Indian entity must have an Indian current account for business transactions. We assist with the bank KYC and onboarding process.
Are there any tax benefits for foreign companies starting up in India?
Tax benefits depend on business activity and structure. Startups may qualify for Section 80-IAC benefits, and certain states offer incentives for new units.