A foreign company or citizen can set up their operations in India in many ways like Branch Office, Liaison office, project office, etc. All these entities have a status of “Foreign Company” in India.
India is the fastest growing economies of the world with plenty of business opportunities which make it a preferred business destination for investment form NRIs, Foreign Nationals and Foreign Companies from USA, UK, China, Japan, Australia, UAE, Russia and other countries. There are so many ways by which foreign investment can be done in India and “Incorporation of Foreign Subsidiary” in India is one of the most successful ways to start business in India.
In India, Foreign Direct Investments (FDI) can be made through Automatic Route or Government-Approval Route. Foreign Direct Investment of up to 100% is allowed under the automatic route in most activities/sectors in India, By automatic route, it simply implies that the investor is not required to take permission from the government so in automatic route no requirement of any prior regulatory approval for investment in equity shares of an Indian business and only post facto filing and intimation to be filed with the Reserve Bank of India within 30 days of receipt of investment money in India and required to file of prescribed documents and particulars of allotment of shares within 30 days of allotment of shares to foreign investors, Whereas in government-approval route, as the name suggests, there is a need to take permission from government.
Self attested copy of PAN and Aadhar Card
Self attested copy of Voter's ID/Passport/Driver License (Any One)
Latest Bank Statement/Telephone or Mobile Bill/Electricity / Gas Bill (Not older than 2 month)
Scanned passport-sized photograph
Self attested copy Passport (It must be Notarized or Apostilled in the Resident country)
Self attested copy of Latest Bank Statement/Telephone/Electricity Bill (It must be Notarized or Apostilled in the Resident country)
If Owned Than Sale Agreement and one Utility Bill (Not later than 2 Month old)
If Rented Than Rent Agreement and NOC from Owner
If Consented Than NOC from Owner and latest Utility Bill
Minimum 2 Director Required and one should be citizen of India
Minimum 2 Shareholders Required
Director and Shareholder can be the person
Minimum Share capital is Rs. 1 Lacs
For a foreign national or foreign company lookiing to start a Company in India, the foreign National must have an address for Registered Office in India and one Director of the company must be an Indian Citizen and Indian Resident.
Foreign company or foreign national can own or start a business in India by acquire equity shares of the Indian company. Investment in a Company can be under automatic route or Government approval route. 100% Foreign Direct Investment is allowed in India in many of the industries under the Automatic Route. Under the Automatic Route, only a post-investment filing is necessary with the RBI indicating the nature of investment made. There are a few industries that require prior approval from the RBI, in that cases prior approval must be obtained from RBI prior to investment.
Yes, foreign nationals can become Directors of an Indian company after obtaining a Director Identification Number (DIN). Director Identification Number (DIN) for a foreign national can be obtained by applying for the same with the Ministry of Corporate Affairs.
No, you will not to be present in India to register a company in India.
Foreigns Nationals/NRIs required below documents.
For Id prof - Passport.
For Address Prof - Latest Bank Statement or Telephone or Mobile Bill or Electricity
For Id prof - Voter ID or Passport or Driver License only.
For Address Prof - Latest Bank Statement or Telephone or Mobile Bill or Electricity or Gas Bill only.
Additional Documents - Pan Card, Aadhar Card
Registered office is the address which are registered with concerned ROC and it can be happened in commercial as well as residential premises also and documents required for that is-
NOC From Owner
An address in India where the registered office of the Company will be situated is required and the premises can be a commercial / industrial / residential where communication from the ROC will be received.
Company need minimum capital of Rs. 100,000 and same is not necessary to pay to bank and it can be adjusted against pre incorporation expenses or you can show this as capital infused in form of assets such as computers, furniture etc.
Usually, we register a company within 7-18 business days
DIN is a director identification number. DIN is allocated through SPICe Form if not allotted earlier.
The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents.
MOA defines mission, vision, and business object of the company and AOA refers to articles of association which defines the internal constitution of the company,
No, your physical presence is not required during the process, all the documents need to submit online in soft copy.
Mandatory annual compliances for Pvt. Ltd. Company is as below-
1. Auditor Appointment.
2. Convene AGM.
3. Income Tax Return filing.
4. Filing of Annual Return in form MGT-7 and financial statements in AOC-4.
Yes, you are eligible for multiple businesses under one private limited company. However, you need to mention the detail of these businesses in the MOA of the company.