The Indian economy is widely considered one of the best places in the world for expansion. If you are looking to launch your business in India, it is important that you learn everything about incorporating a company in India. The method of company formation in India is unique and different than the norm in certain other countries of the world.
Here are the main forms of business firms that can be opened in India.
- Public Limited Company
- Private Limited Company
- Limited Liability Partnership (LLP)
- Unlimited Company
- Sole Proprietorship
- Branch Office
- Project Office
- Subsidiary Company
- Joint Venture Company
- Liaison Office or Representative Office
Whether you are an Indian or a foreign national, it is important that you adhere to the rules and regulations associated with the formation for all these firms. It is important that you get in touch with a reputed business formation expert who can help you in setting up a business in India.
If you are a foreign investor who is looking to launch a corporate entity or a business firm in India, it is necessary that you choose a business type that perfectly suits your needs. You should also handle matters relating to liability effectively and make sure that you maintain complete accuracy and precision in tax planning. It is also important that you learn everything about Entry Strategies that can help you to launch your business here. Additionally, learning about corporate structuring is also a fundamental step that you need to take for setting up a business in this part of the world. It is also important that you adhere to international tax treaties and business laws.
Shareholders and investors from all foreign territories must ask for Government approvals when they are looking to invest in this part of the world. This is applicable to both corporate shareholders and individual business owners. In some cases, you may need to approach FIPB or Foreign Investment Promotion Board for obtaining the approval that will allow you to invest in India as a foreigner. If you want to know everything about the types of businesses that require such approvals, you should consult FDI for it. Foreign investments are quite common in the Indian subcontinent and getting such permissions can help you to focus on launching your business at the earliest possible instance.
Just like the foreign investors, the Indian business owners also need to adhere to various rules and regulations that can help in launching different kinds of business companies. These regulations define matters pertaining to investment amounts and tax regulations. Once you have decided that you want to launch a business, it is advisable that you consult a firm that can guide you through the whole process. This can not only help you with the actual business process but also provide you with the peace of mind that you need to have when you are working on such a project and attain the financial success you are looking for.