BANDRAZ: Your gateway to success in India
Bandraz serves as your ultimate destination for all-encompassing business establishment and management solutions in India. Our comprehensive approach spans from facilitating business entity formation to conducting exhaustive market research, enabling us to grasp the pulse of the existing market landscape. Through evaluations and surveys of your competitive surroundings and industry trends, we come up with invaluable insights. Armed with this intelligence, we collaborate to formulate strategic investment blueprints tailored to your objectives.
These plans, coupled with our adept solutions, empower your business to secure a firm entry into the highly progressive Indian market. Whether you're a newcomer or seeking to expand, Bandraz paves the way for your business triumph.
Explore India's array of opportunities for foreign investors venturing into this diverse yet intricate market. While determining your company's structure is pivotal, selecting the right entity type for your Indian setup is equally crucial.
The strategic entry avenues available to establish and flourish in India's dynamic landscape are as follows:
Liaison Office
When you establish a liaison office to effectively represent your parent company in India, fostering communication with vendors and customers. Engaging in marketing initiatives through conferences, workshops, and technical discussions while adhering to non-commercial pursuits.
Act as a vital bridge, yet refrain from direct or indirect commercial operations. Your gateway to meaningful engagement within India's business landscape.
Branch Office
Opting for a branch office gives seamless execution of key activities like imports, exports, manufacturing units, and research. While engaging in marketing, local branches help offer after-sales services, and provide technical support to the local customers. Ideal for manufacturing entities, the branch office enables subcontracting manufacturing processes in India.
This helps you add a versatile solution while empowering your business operations with a local touch.
Project Office
Establish your project office in India for seamless execution of short-term or long-term projects. Upon project completion, surplus funds can be remitted to your parent company. Simplified guidelines set by RBI eliminate the need for specific permissions. A direct route to execute projects and manage funds, ensuring efficiency and compliance.
Joint Venture
Forge a joint venture company or limited liability partnership with an Indian private or public entity. Partnering strategically will grant you access to the Indian infrastructure, distribution channels, and financial resources. You can then operate autonomously in your business sector, while complying with Indian regulations. No NOC is needed from the Indian counterpart. We also help safeguard intellectual property via custom contracts.
Wholly Owned Subsidiary
Establish a wholly owned subsidiary to expand and maintain comprehensive legal control over your operations, products, and procedures. Operating as a domestic entity, your company will adhere to Indian regulations and taxation. Unrestricted operations and profit distribution, subject to dividend tax. Registering as a wholly owned subsidiary follows the process outlined in the Indian Companies Act, 1956. An avenue for growth with autonomy within the Indian landscape.
The regulations for foreign ownership of businesses in India are governed by the updated Companies (Amendment) Act 2013. Depending on the nature of the business, you will have to follow a range of varying guidelines to set up a new business in the country. Foreign Direct Investment policy of India integrates a number of documentations and approvals that you have to procure from the concerned Administrative Ministry and/or departments including Ministry of Corporate Affairs (MCA), Reserve Bank of India (RBI) and Registrar of Companies (ROC). Apart from this, in accordance with the advisory under Companies Act and Foreign Exchange Management Act, there are necessary post-formation regulations that your company will have to comply with.
How can Bandraz help?
BANDRAZ possesses comprehensive insights into bureaucratic regulations, legal prerequisites, and cultural refinement shaping consumer dynamics. Our dedicated team of experts engages with relevant authorities, orchestrating seamless regulatory registration and documentation processes on your behalf. Rely on our expertise to navigate the complexities while you focus on your business goals.
However, for those aiming to enter the vibrant Indian market, comprehending the nuances of company formation is pivotal. Selecting the right business structure is crucial for successful operations and optimal utilization of opportunities. Establishing a new company also entails adhering to specific formalities and documentation. Join us on a step-by-step journey through this process to ensure a seamless and successful entry into the Indian business arena.
Unveiling the Spectrum: Diverse business establishment options in INDIA
- One Person Company
According to the Companies Act 2013, an OPC can be formed with a sole director and member, enabling a single person to hold both roles. This concept caters to both resident and non-resident Indians, offering convenient incorporation and operation. With a modest authorized capital requirement of INR 1 Lac, OPCs are particularly well-suited for startups and small enterprises seeking a simplified and manageable business setup.
- Private Limited Company
A non-governmental organization with a relatively modest scale can opt to register as a private limited (Pvt. Ltd.) company. This business model necessitates a minimum of two members and can accommodate up to 200 shareholders. However, trading shares on stock exchanges is restricted within this company structure, and public subscription of shares is disallowed.
- Foreign Subsidiary
Subsidiary company registration in India is the process of legally establishing a new company owned and controlled by another existing company, known as the parent company. It involves fulfilling legal requirements, such as registration with the Registrar of Companies and obtaining necessary approvals from the authorities.
- Sole Proprietorship
This is a single owner business entity whose legal identity is not distinct from its owner, and as such, the owner is completely accounted for the liabilities of the business. The establishment of a sole proprietorship is simple and inexpensive, and has minimum compliances to adhere to. Forming a sole proprietorship doesn’t require any legal formalities and only requires registration under the Shop and Establishment Act.
- NGO
Non Governmental Organization (NGO), voluntary group of individuals or organizations, usually not affiliated with any government, that is formed to provide services or to advocate a public policy. Although some NGOs are for-profit corporations, the vast majority are nonprofit organizations. NGO can be registered in 3 different structures. The simplest approach would be to establish a Section 8 company.
- Limited Liability Partnership
Often referred to as LLP, this is an amalgamated business structure that lies between a partnership firm and Pvt. Ltd. company. Operating as a corporate entity, LLP offers its members the advantage of limited liability while maintaining the flexibility to operate based on mutual agreements. An LLP can have any number of partners, with no upper limit....
Company Registration Process in India
Company registration in India is subject to the guidelines by the Central Registration Centre and Registrar of Companies (ROC) under the Ministry of Corporate Affairs (MCA), as provisioned under the Companies Act 2013.
Here's a quick look at the process:
- Check availability of Company name
- Obtain Director Identification Number (DIN)
- Digital Signature Certificate (DSC)
- Create a new user account in MCA portal
- Submit Form Spice 32
- Submit Memorandum of Association and Articles of Association in Spice 32
- Insert digital signature to forms 49A (PAN) and 49B (TAN) and re-upload
- Make payment of designated registration fee
- Verification of documents by ROC
- Obtain Registration Certificate
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