Company Formation in India |
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Company formation in India is tax-efficient and simple. That said, we advise all entrepreneurs to take into account the legal, accounting and tax regulations, prior to embarking on company formation in India. In particular, Healy Consultants staff can advise on all aspects of tax planning in India. Some of the most important legal, accounting and tax regulations include: |
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1. |
After completing company formation in India, the company must submit annual accounts to the Income Tax Department (ITD). |
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After completing company formation in India, the company may be liable to pay tax in the country in which it makes strategic decisions. A further tax advantage with incorporating an India entity is the double taxation treaties India has signed with 70 countries, including Australia, China, Japan, Singapore, UK and the USA. For more information, kindly visit the Income Tax Department web site. |
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Branch profits may be remitted to the head office free of withholding tax, following company formation in India. Tax planning in India should also take into account that corporate dividends are also exempt from withholding tax. |
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When tax planning in India, the company can set losses against future profits. | ||||||||||||||||
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Despite the low corporate tax rates, tax planning in India can be difficult because of the country's complex tax rules. |
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6. |
An Indian limited liability company (LLC) is required to pay a corporate tax of 33%, whilst international entities are liable for 42% corporate tax. Personal income tax is levied at a maximum of 30%. |
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7. |
An Indian company is required to have a registered company in India when completing company formation in India. |
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8. |
Healy Consultants can open corporate bank accounts in the jurisdiction of choice to support company formation in India. However, after incorporating in India, the Cypriot government may share information about EU nationals holding bank accounts in India with the account holder's tax authorities. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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9. |
When completing company formation in India at least 2 directors are required. |
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10. |
Some entrepreneurs use company formation in India for holding and investment purposes. |
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11. |
India is a reputable Asian jurisdiction. Therefore company formation in India portrays a good image. |
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| Contact Us | |||||||||||||||||
For additional information on company formation in India, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
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