Setting up a business in India can be a challenging task and one that requires professional expertise to negotiate the process. GBC keeps up to date with the underlying policy trends and relevant regulations affecting businesses in India which allows them to support their clients to set up, structure their companies efficiently though using the most efficient investment platforms, maintain fully complaint entities in India, assess regulatory changes and the impact that these have on the business.
GBC is able to support their clients with the full range of services for setting up and maintaining a legal entity in India.GBC also provide annual filing of returns, license renewals and handle all other compliances as per statutory laws so that client can focus on their core business activities and thrive in India.
Foreign Entities can setup business entitiesin India in following ways:
Liaison office
Liaison Office is a kind of representative office which is set up to understand the business and investment environment. It is barred from taking up any commercial/industrial/trading activity and its role is limited to aggregation of information and promotion of exports/imports. It has to maintain itself out of inward remittances received from the parent company.
Project office
Foreign companies planning to execute specific projects in India can set up a temporary projectoffice in India for carrying out activities only relating to that project. The Government of India has now granted general permission to foreign entities to establish project offices subject to specified conditions.
Branch office
Foreign companies which are into manufacturing and trading activities abroad are permitted to set up branch offices in India for various purposes like rendering of professional and consultancy services, export/import of goods etc. Branch offices are not permitted to carry out manufacturing activities on their own. RBI is the statutory body that grants permission to foreign companies for setting up branch offices in India.
JV/WOS
Foreign corporations where 100% FDI is allowed can set up WOS companies in India in the form of private companies, subject to prescribed FDI guidelines. Foreign corporations can also set up JV companies with Indian or foreign partners. FDI is also permitted in an LLP with the prior approval of the GOI in sectors where 100% FDI is allowed under the automatic route and there are no FDI-linked performance conditions. LLPs with FDI are not allowed to operate in agricultural or plantation activity, print media or real estate business. FIIs/FVCIs are not permitted to invest in LLPs. Furthermore, LLPs are not permitted to avail ECB. LLPs with FDI are not eligible to make any downstream