India company formation is an excellent way for international entrepreneurs to conduct business in one of the world's most rapidly growing economies in recent years. The following will help you determine whether India company formation is the optimum corporate structure to fulfill your international business objectives.

Following India company formation, Healy Consultants will open a corporate bank account with one of the world's leading retail banks, including HSBC, Standard Chartered and Citibank.

India is a popular business outsourcing location due to the wide availability of low cost, English-speaking labour. 100% foreign ownership is permitted with India company formation.

Following India company formation, it is necessary to prepare and submit annual audited financial statements and file tax returns with the Indian government and tax authorities.

A minimum paid up capital of US$2,250 is required for India company formation.

India company formation is challenging due to complex bureaucracy and regulations. According to the World Bank's Doing Business 2009 Survey, India ranks poorly at 122nd for its ease in which to do business in. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. In addition, India is negatively ranked as the world's 84th least corrupt country in the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.

Indian companies are subject to foreign exchange controls. According to the Heritage Foundation's 2009 Index of Economic Freedom India is ranked very poorly for having the world's 123rd-freest economy, and scores at 40% in terms of investment freedom and capital flows. The survey is a measure of freedom enjoyed in  business, trade, monetary, financial, investment and labour markets.

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