Opportunities for Foreign Businesses in India
The Attractive India Market
If you look at India as a market, it has been one of the best and most potential markets in the world. When it comes to company formation in India, the country not only attracts the domestic but also foreign companies through its rapidly growing and evolving markets.
Evolution of Policies and Market Sentiment
In India we have seen a lot of people dropping their plans in the far past due to the complications in the policies by the Government, the confusion, ambiguity and dilemma that existed. In the present scenario, we all witnessed the changes in the policies of the Government with respect to the economic sector to promote everyone and encourage to confidently open Firm in India.
Encash and Convert DBPL’s Expertise and Expert Advisory to Your Success
With the help of a company like us, DBPL, that helps and handholds businesses to set up in India with our experts and experience, one can assure that the whole process of company formation in India has been made hassle-free. Endless opportunities exist and they open up for your company in India.
During a research, our experts saw the Ease of Doing Business rankings, and found that India had jumped up by around 23 Ranks in recent years!
Your India Firm Type / Operation Flexibility
Evidently, the policies and steps taken by the Government are paying off. It has opened doors for everyone to open Firm in India. Also, if a person wants to open a franchise in India, or open a Firm in India that person or Group can register the company as an Indian entity or as an independent foreign entity.
Today, through this article, our aim is to give an idea to anyone that is looking to open Firm in India, about the various structures of a Firm available in India.
It is also popularly known and called as a Representative Office. It is one of the popular ways to establish one’s presence in the Indian market. It works by co-ordination between the parent company and the Indian entity associated with it. The task of LO is to promote the interests and build a network for the parent company in India. An LO doesn’t actively participate in commercial activities and rather acts as a communication medium only.
A Branch Office, i.e. BO is similar to LO but it is like an extension to the parent company. The main feature of a BO is that it can represent the parent company on its behalf and conduct commercial activities as well. It is one of the popular and safer options if you plan to open Firm in India. You can use the parent brand’s reputation and build the company over it.
A project office is similar to the branch office yet differs due to the nature in which things operate in it. There needs to be a project for which a project office is set up and then it can operate and conduct commercial activities for that project only unlike a Branch Office that can do business for many projects. To explain it in simple words, a project office carries out business for a foreign company in India for a particular project.
Limited Liability Company (LLC)
A Limited Liability Company is the one that safeguards its interests from the shareholders of the company and its members as well. The nature in which these companies operate is that the foreign company can possess up to 99.9% of the shares of the company and there need to be at least two shareholders of the company. It doesn’t have any limitations in terms of the projects it can do and scale. If you plan to open Firm in India, we recommend you incorporating a Private Limited status for your company as it is the simplest and the quickest way to open Firm in India.
Limited Liability Partnership (LLP)
To keep it simple and straightforward, a Limited Liability Partnership is a partnership between two limited Firms. The liability of these companies is restricted to their agreement regarding each one’s contribution. If you are a person looking to open firm in India, you can collaborate with another like-minded person and reach your goals together.
We hope that this article provided you with the basics of the different structures of business in India. If you need any help in the process of company formation in India, get in touch with DBPL today and we’ll surely make this whole process smooth for you.