Business Formation in India

If properly-structured, business formation in India is an excellent way for entrepreneurs to legitimately conduct business in India. However, an Indian company is subject to a 33% corporation tax on annual income exceeding US$25,000. An Indian subsidiary company is also subject to a withholding tax of 20%, unless the parent company is located in a jurisdiction with which India has a double tax treaty.

If starting a business in India through a limited liability company (LLC), a minimum of two directors and two shareholders are required for India business set up. However, neither directors nor shareholders need to be residents of India. Although corporate shareholders are allowed, corporate directors are not allowed. After business formation in India, a register of directors are shareholders is available for public viewing.

Starting a business in India is time consuming, taking up to 7 weeks, from the initial company incorporation application to receipt of all bank account materials.

When starting a business in India , investors should budget up to US$9,100 to complete the principal India business set up procedures, including company incorporation, the minimum capital requirement of US$2,100, assistance to open a corporate bank account (plus the initial bank deposit) and the use of Healy Consultants' address for invoicing purposes.

To support India business set up, Healy Consultants opens a multi currency corporate bank account for our clients with leading international retail banks in India, including HSBC, Standard Chartered and Citibank.

To support business formation in India, Healy Consultants helps our clients obtain Indian residence and employment visas.

After starting a business in India, a company is required to submit annual audited financial statements and tax returns to the Indian government and tax authority. Healy Consultants assists clients to fulfil this statutory obligation.

Following business formation in India, Healy Consultants provides India virtual office services. To support India business set up, Healy Consultants provides a local business address in India for invoicing, as well as telephone, fax and email support.

Following India business set up, Healy Consultants builds web sites and launches search engine advertising and optimisation campaigns, as well as stationery and logo design.

After starting a business in India, Healy Consultants receives client feedback on the India business set up engagement.

After business formation in India, Healy Consultants assists clients to obtain corporate finance, trade finance and open merchant accounts.

For additional information on business formation in India or our range of India business set up services, email email@healyconsultants.com or telephone Healy Consultants at (+65) 6735 0120.

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