To start a business India, a non-Resident Business Incorporated outside India have different options such as Limited Company, Limited Liability Partnership (LLP), Branch Office & Liaison Office or Project Office etc. Selection of right option of business depends on the India Business Plans and tax implications. .
A Business incorporated outside India has the following options to setup up a new business in India:
Limited Company
Limited Liability Partnership (LLP)
Branch Office or Liaison/Representative Office, Project Office
How To start
Procedure to Start a Business In India
- Define the India Business Plan
A Foreign National or a Business Registered outside India has to define the India Business Plan first. Depends on the business operations Plan, one has to select the best suited Business entity option start business in India.
- Choose Best Suited Business Option
Choose best suited business from different options such as Limited Company, Limited
Liability Partnership (LLP), Branch Office & Liaison Office or Project Office etc.
- Documentation
Depends on the chosen Business option, the documentation process will also differ. Generally, any document executed outside India or a copy of document produced from outside India must be notarized and apostatized or attested by the Indian Embassy in their respective countries as per Hague Convention guidelines.
- Application to respective Authorities
Again, depends on the chosen Business option, the application process shall also differ. In case of Limited Companies and Limited Liability partnerships, application is required to be filed with the Registrar of Companies (ROC), Ministry of Corporate Affairs. In case of Branch office / Liaison Office the application is required to be filed with the Reserve Bank of India and after obtaining the approval from the RBI, the entity required to obtain other required registrations such as Goods and Service Tax Registration (GST), Professional Tax and Shops and Establishment Registration etc and start employing people
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