How to Accomplish Foreign Company Registration in India?
The New Dynamic Status of India
India is one of the fastest-growing economies across the world with a population of 1.3 billion. This indicates more manpower and more resources for businesses to survive in the Indian market. Ever increasing and many of the foreign businesses are planning to open their business and get their foreign company registration in India. There is even a boost in foreign direct investment (FDI) in the country that helps foreign companies to start the business in India with ease and transparency.
Many times, people get confused between the Indian and foreign company. If the foreign company incorporate Indian company, then it is an Indian company but when an Indian company sets up its branch in India it’s called a foreign company. The foreign company registration in India is now easy with the help of DBPL. Let’s know more about the setup process.
Strategy to Enter the India Market
A foreign company can start operations in India by combining a company under the Companies Act, 1956 through foreign company registration in India or establishing a liaison office or branch office.
The easiest setup is establishing a private limited company in India. 100% FDI is allowed in private limited and public limited under the policy of FDI (Foreign Direct Investment) where no approval from the Central Government, RBI, is required. An application needs to be filled with ROC (Registration of Companies), under the Ministry of Corporate Affairs (MCA) under Government of India, for incorporation or foreign company registration in India.
The other way foreign companies can enter the Indian market can be by opening a liaison office, project office or branch office. But here the approval of the Central government and RBI is mandatory. This is the reason why the time invested in making public or private limited is lesser than these offices.
Incorporation Company Requirement in India
If you are a foreign company aiming to open company in India, then the requirement of a minimum of 2 persons and a permanent Indian address is required. A firm should have a minimum of 2 Directors and shareholders. For foreign company registration in India, one of the Directors needs to be a citizen of India and also permanent resident of India.
Cost of Foreign Company Registration in India
The foreign company registration and formation in India is inexpensive. The process of company formation can get finished in two weeks’ time with the help of DBPL. The incorporation process will cost you a very less amount but the entire process will get easy for you with us.