India Company Incorporation @ Healy Consultants

India Company Incorporation
India company incorporation is an increasingly attractive option for international entrepreneurs thanks to the country's developing economy, the introduction of certain financial and tax incentives and an attempt to reduce the bureaucracy which has hampered India company incorporation for years. That said, India company incorporation is still a time consuming and complex process.
Some factors to consider with India company incorporation include:
1.	The Indian government is actively promoting economic reform in the country, including streamlining foreign direct investment (FDI) procedures and licensing requirements. For example, a so-called 'Single Window System' introduced by the Foreign Investment Implementation Authority (FIIA), has helped improve the FDI approval process in India, as well as speeding up the India company incorporation procedures.
2.	FDI is generally permitted in most sectors of the Indian economy, with the exception of the following industries: atomic energy, lottery business, gambling.
3.	Despite the above initiatives, obtaining FDI approval from the Indian authorities is still a lengthy process and hampered by bureaucracy.
4.	India's Special Economic Zones (SEZs) are of particular interest to foreign investors considering India company incorporation. Among the incentives they offer are:
	i)	Companies operating in an SEZ do not require an import licence;
	ii)	Companies incorporating in an SEZ enjoy a 100% five years of tax-exempt operations, and a 50% reduction for a further five years;
	iii)	No duties are levied on the procurement of raw materials, capital goods, consumables and spares etc, either from overseas or from the domestic market in India;
	iv)	Central Sales Tax is reimbursed on domestic purchases;
	v)	Losses can be forwarded by an SEZ company;
	vi)	An SEZ company may carry out manufacturing, trading or service activities.
5.	Other incentives aimed for foreign investors considering India company incorporation include capital and interest subsidies and reduced utility rates in certain designated economic zones and Software Technology Parks (STPs) across India.
6.	The country has a well established legal infrastructure, that is shared with other commonwealth jurisdictions (eg. Singapore, Australia and Hong Kong) based on the UK legal system to support India company incorporation.
Contact Us
For more information on India company incorporation, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.
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