Company Registration and Setting Up Business in India
India as a Destination
India, the largest democratic country in the world, is the 2nd most populous country in the world and expected to be the most populous by 2025 – 2027. India’s economy is such that it is highly self-reliant, sustainable and has a huge capacity to face stresses and challenges, such as the ongoing Coronavirus pandemic, COVID-19.
As time evolves, it only gets easier for setting up business in India by foreign companies. India has remained a very attractive market for many companies from different countries across the globe. India now ranks very high on the “ease of doing business” rankings.
Why Setting Up Business in India by Foreign Companies is Growing
As the world is ever-evolving and ever-changing, there are newer market dynamics. Many markets are limited, saturated and have very negligible growth prospects, however, India opens big opportunities and many leverage through setting up business in India by foreign companies.
A Foreign Company’s Future in India
To mention some companies that have had India presence and grown here are Gazprom, Silovye Mashiny, Hyundai, KIA, Samsung, LG, POSCO, Agilent, Alphabet (Google), Amway, Avaya, CitiBank, Coca-Cola, DuPont, Emerson, Federal Express, Honeywell, IBM, Johnson & Johnson, Kimberly Clark, KFC, KODAK, PepsiCo, General Electric (GE), General Motors, 3M, Gillette, Microsoft, New York Life, Ogilvy & Mather, Oracle, Pfizer, Pizza Hut, Sun Microsystems, Whirlpool, Xerox, Airbus, Alstrom, BNP Paribas, Capgemini, CWT, Pernod Ricard, Schneider Electric, Saint-Gobain, Nokia, KONE, Metso, Wartsila, Audi, BASF, BOSCH, Deutsche Bank, DHL, Mercedes-Benz, ABB, Ericsson, SKF, Dingigul, Can-Pack, Ekolog, Geofizyka Torun, Famur, ICI, Reuters, Standard Chartered Bank, Sterlite Technologies, Austral, Linfox, Westpac, etc.
There are all types and different sized global companies in India. However, there has always been a first start for any global company in India and setting up business in India by foreign companies is ever-growing. To register your company in India, DBPL is the leading consulting firm that gets it done quickly.
Some Important Steps in Setting Up Business in India by Foreign Companies
DBPL, the leading consulting firm in India, handholds in every step required in setting up business in India by foreign companies. DBPL also provides other services that may go hand-in-hand in the India endeavor of any global company, such as Research & Feasibility. Below are a few steps required to be taken in setting up business in India by foreign companies:
- Incorporate the name according to the Companies Act, 1956
- To establish a company name that is not taken in India
- Fix the Director Names
- Register the company name with the ROC (Registrar of Companies)
- Get listing done in the MCA (Ministry of Corporate Affairs) portal
Some of the different ways a foreign company can form name and operate in India are, through its liaison office, branch office, project office, LLC (Limited Liability Company), LLP (Limited Liability Partnership), JV with an Indian Firm (Joint Venture).
How to Register your Company in India
DBPL is a one-stop solution consulting company in India. In your need to register your company in India, it is one of the top services of DBPL. DBPL steers setting up business in India by foreign companies passionately. For more information about DBPL and its service offerings, please visit website www.dbpl.asia. For an immediate interaction or setting up consultation, please call at +91 – 9811431604 and +91 – 9810631559.