There is a number of options are available in India to start a business by Opening a Private Limited Company Or LLP Or Project office Or a Branch office Or Liasioning Office Or an Indian Subsidiary. Selecting the Best Entity as per the requirement of your business is the soul of a business in terms of getting maximum Tax Incentives and meeting other business needs in the future. The most common type of entity is a Private Limited Company in India which is explained as follows.
Process
Step by Step Process of Opening Company in India
Step-1 Structure of Entity
Structuring of Entity is the core of the business, in the first step you need to decide which type of entity you should register so that you can get maximum Tax Benefits, you can register OPC, Private Limited, Partnership, LLP, Branch Office, Liaison Office, Project Office or Public Limited company.
Structure of entity Depends on Nature of transaction, Nature of industry, and Residential Status of Investor.
Step-2 Company Name
The Second Step is to reserve the Name of the company with the Government Department. The name of the company should be so unique that there should not be any existing company with the same name and there should not be any trademark register with that name. But of course, there is some excellent way out to get the exact or similar name of your preference.
Step-3 Digital Signature Certificate
Digital signatures are signatures of an individual in electronic form. DSC is required at various stages in the process of the opening company in India for directors and shareholders, so you need to get DSC from a competent authority in India. You will be required to do one video verification in process of getting a valid DSC.
Step-4 Drafting of Registration Documents
The next Step is Drafting the Articles of Association & Memorandum of Association and other Relevant Form to Open Company in India. These documents are bye-laws of the company that needs to be draft very carefully as per the nature of business. These documents should be prepared by professionals.
Step-5 Signing and Notary /Apostlisation of Documents
All the company opening Form (Approx. 13) Need to be signed by directors and shareholders. These documents need to be signed in presence of the Attorney/counselor and need to get Notary/Apostle /Attestation. Documents need to get Notary only or apostle/attestation also required depending on the country of Investor. For example, Investors in the USA need to get a document notary and apostle however investors of the UK need a notary only and Investors in UAE need to visit the Indian embassy for attestation. So, talk to our expert to know applicability in your case.
Step-6 Filling of Registration Application
The next step is Filing the documents with the Respective ROC (Registrar of Company). This process can be done by Company Secretary or Chartered Accountant Registered in India, as in this process one certification from CA/CS is required. Along with opening Company in India, you will need to apply for Tax registration as well as with the Income-tax department.
Step –7 Certificate of Incorporation
If all documents are in order then ROC will approve your application.
Step-8 Corporate Bank Account
Once the company is open you will not be able to start a business until you have an international bank account. So the next step is to open a corporate bank account with an international bank so that you can access your account from any part of the world. We Normally open Bank Account of our clients in Citi bank or HSBC or Standard Chartered Bank without Client visits.
Step –9 GST Registration (Goods and Services Tax)
Once the Bank account opens you will be able to get GST Registration using the Same DSC.
Click here to download step by step process to Open Company In India
Requirements
Registered Office
Your Indian company must have a registered office, which must be a physical address in India. The registered office is where documents may be legally served on the company. Maksim Consultants Help International Clients to Get Registered Office Address in any State of India.
Indian Company Directors
Your Indian company requires just 2 directors and one of them should be an Indian Resident. We are willing to provide Indian Resident Director Services to international clients at the initial stage of setting up a business.
Indian Company Shareholders
Shareholders are owners of the company, a minimum of two shareholders are required for your Indian company. Corporations or individuals of any Nationality can be Shareholders of an Indian Company. So being a Foreign National you can hold 100% Ownership of your Indian Company.
Share Capital
The minimum share capital required is INR 100,000/-
The most commonly used type of company structure in India is the Private Limited company. The minimum share capital requirement for a Private Limited Company is INR 1,00,000
we are Consultants working in India to help International clients to meet all the above requirements to Open Your company with Stress-free Process. We are willing to provide the Resident director and registered Office Address in India.
Documentation
Documents and Information to Open Company In India
To start opening company in India we only require the following:
Your proposed Company Name
Purpose of Company
The director's full name, date of birth, address, and nationality
The shareholder's full name and address
CONTACT US TO GET A CUSTOMISED OFFER LETTER WITH QUOTATION, PROCESS, AND DOCUMENTATION
"Being professional in the industry with more than a decade of experience we "Maksim Consultant" provide all A-Z Business Setup Support Services to Foreign & Domestic Clients. Get in touch with our one of experts to guide you in a better way"