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About
Business setup services by VJM Global
As a UK-based organisation, if you want to establish a new business in India, VJM Global can be your loyal partner offering complete support and assistance for company formation in the Indian subcontinent. From planning the entry strategy to winning over the compelling Indian market, our team will provide full assistance for operating your business in India. .
As a popular and established business setup company in India, we know the intricate pathways in the extensive Indian market. We understand the workings of the legal bodies and corporate system, and our talented and specialised team of business setup experts are there to give guidelines. We aim to make your experience smooth and uncomplicated.
Company Stats:
A to Z Knowledge on How To Run Your Business Like an Indian Local Company
1
Pre-Incorporation Support
- Type of entity & business model recommendation
- Foreign Direct Investment (FDI) policy
- Available incentives identification – Federal, State, Local
- Location report and analysis depending on taxation, incentives, & other clauses
- Transfer pricing and Double Tax Avoidance Agreement
- Sanctions and approvals
- Capital structure plans and recommendation
- Pre-incorporation advisory team
- Identifying the suitable company structure in India
- Searching for suitable business locations in India
- Nominee director services
2
Support Services During Incorporation
- Getting digital signatures from company directors
- Obtaining Director Identification Numbers
- Company name duly registered with RoC.
- Waiting for the approval of the name, which should not match the name of any existing company and should avoid using any prohibited words rules by the Companies Act of 2013.
- MoA preparation along with Article of Association and other sundry documents for incorporation.
- Documents filing with RoC.
- Managing and solving issues raised by ROC (if any)
- Getting a certificate of incorporation
- Starting a business bank account in India
- Declaration of commencement of business for RoC filing.
3
Post-Incorporation Support Services
- Bookkeeping & Accounting
- Handling of the payroll process, advisory, and adherence to employee-based Indian laws
- Tax-related advisory and conformity
- Secretarial compliance as company secretary
- Tax return filing and preparation of annual audits in India
- Transborder transaction advisory
- Transfer pricing advisory
- External commercial borrowings and capital infusion advisory
- Budgeting and forecasting of entity
- Reports on management duties
Advisory & Support Services (Pre-Incorporation)
1. Type of entity & business model recommendation
2. Foreign Direct Investment (FDI) policy
3. Identify available incentives – Federal, State, Local
4. Location analysis based on taxation, incentives, and other
5. Transfer pricing and Double Tax Avoidance Agreement
6. Approvals & Sanctions
7. Capital structuring recommendation
8. Pre-incorporation advisory
9. Identify the right company structure in India
10. Identifying business location in India
11. Nominee director services
Step by step Processing and Support Services (During Incorporation)
1. Obtaining digital signatures for all directors
2. Allotment of Director Identification Number for all directors
3. Get the desired name of the company registered with RoC. However, approval of the name shall be subject to the fact that the name should not resemble any existing company and the name must not contain any word prohibited by the Companies Act, 2013.
4. Preparation of Memorandum of Association (MoA), Article of Association, and other documents required for incorporation.
5. Filing of registration-related documents with RoC.
6. Handling of all the issues raised by ROC, if any
7. Obtain a certificate of incorporation
8. Assistance in opening of bank account in India
9. Filing declaration of commencement of business with RoC
Advisory and Support Services (Post-Incorporation)
1. Accounting & Bookkeeping
2. Payroll management, advisory, and compliance with employee-related laws in India
3. Tax advisory and compliances
4. Secretarial compliance as company secretary
5. Annual audits and tax return filing in India
6. Cross-border transaction advisory
7. Transfer pricing advisory
8. External commercial borrowings and capital infusion advisory during the entire presence of the company in India
9. Budgeting and forecasting of entity
10. Management reporting
Business Operations Setup In India For Australian Companies
| Indian Company Setup: | Foreign Company | Company Formation: | Branch Office: | ||
|---|---|---|---|---|---|
|
An international firm or investor eager to start its business operations in India may do so by adopting any of these two ways, namely; joint ventures or via a wholly owned subsidiary, which requires permission by FDI. |
India is a land of business opportunities as it offers cost-effective operations and solutions to a foreign firm desiring to kickstart a private limited company, a branch office or a project office as a part of your UK-based company |
It enjoys a separate legal entity status and is not an extension of an international firm. It is created or established by one or more individuals. The shareholders of a private company in India cannot go public. The Indian economy exercises exchange control, which means international investors may face some restrictions as FDI or foreign direct investment is not allowed to start businesses that involve lottery and gambling. Team VJM Global can cover the basics and help you gain in-depth knowledge about private limited setups in India. |
A branch office is not a typical legal enterprise, but just an extension of a foreign company. However, it can have its exclusive registration number. The branch office is mostly financed by its principal foreign company and doesn’t have its own equity. Opening a branch office in India is a simple procedure when you partner with VJM Global. |
||
| Title | Branch Office | Wholly Owned Subsidiary |
|---|---|---|
|
Reports to |
Head Office |
Head Office |
|
Liabilities |
In case of Branch office, the extent of liability is unlimited. In case where the branch office incurs any loss, that needs to be paid after liquidation of assets of the foreign assets of the foreign/ parent company i.e the head office. Here to fulfill the liabilities of branch office, the assets of the parent company can be utilized. |
In the case of a subsidiary company, the liability of the parent company would be limited to the extent of its shareholding in the subsidiary company as the subsidiary is a distinct legal entity apart from its shareholders. |
|
Business Activity |
Branch conducts same business as parent organization. |
Subsidiary may or may not conduct the same business as a parent organization i.e. It can conduct any business activities subject to MOA and AOA. |
|
Source of Income |
For the Branch office in India,
the only source of Income will be the funds received from the Head office through normal banking channels for which, a Branch office has to open an account in any AD Category-I Bank in India or the branch office may generate income through the process of its business operations. |
While in case of an Indian subsidiary, The source income would be all the income arising out of its business activities. |
|
Direct Taxation |
The tax slabs in India for the Branch office as it is considered as foreign company, are divided in to 3 slabs ⦿ When income is below 1 crore – the tax rate would be 41.60% ⦿ When income is below 10 crore – the tax rate would be 42.43% ⦿ When Income is above 10 crores – the tax rate would be 43.68% |
In case of Indian Subsidiary the tax slabs will be as follows: ⦿ When gross turnover is up to 400 crores- the tax rate would be 25% ⦿ When Gross turnover exceeds 400 Crores- the tax rate would be 30% |
|
Management |
In the case of the Branch office, all the managerial tasks would be handled by the authorized representative of the head office, who is resident in India. |
The Indian subsidiary requires the minimum two directors from which at least one director shall be an Indian National. |
|
Registration Requirements |
To open a branch office in India, ⦿ The Parent Company should have a profit making track record during the immediately preceding five financial years in the home country. ⦿ The net worth of the branch office must not be less than the US $100,000 |
To open an Indian Subsidiary in India there is no requirement of Profitable track record or Networth of Parent company.
The minimum requirements to setup WOS ⦿ Minimum No. of Directors: Minimum 2 directors and out of which one has to be Indian director. ⦿ Minimum No. of shareholders: Minimum 2 shareholders. Both the shareholders can be foreign national. ⦿ Registered Office: The Registered office shall be situated within India in any State. ⦿ Name: The name of the Subsidiary Company may or may not be same as of its Holding Company. |
|
Export of Services under GST |
Sales from Branch office to
Parent company, would not be considered as export of services and would have multiple implications under GST. |
Sales from Branch office to Parent company, would be considered as export of services and no GST would be charged on same. |
Setting up Business Operations In India For American Companies
1. As an Indian company: A foreign company/ investor that wishes to commence its operations in India can begin operations either via (i) Joint Ventures or (ii) a Wholly Owned Subsidiary (subject to 100% FDI permission for the activities being carried out)
2. As a foreign company: India also provides more cost-effective options to a foreign company wanting to test the waters before plunging into full-fledged operations; a private limited company, a branch office or a project office as a part of your UK-based company.
Comparison Between a Branch Office & Private Limited Company
Branch Office
Registering a branch office or a liaison office will require the approval of the RBI and the Indian government. The registration of a branch office for a US company can take more time and effort as compared to the registration of a private limited company. Moreover, US nationals can establish a branch office in the country only if they can prove a profitable five-year track record and a net worth of minimum 100,000 US dollars. Opening a branch office in India can be an easy procedure when you partner with VJM Global.
Private Company
Registering a private limited company can be the simplest and the quickest entry strategy for all foreign companies and investors. Foreign direct investment or 100% foreign direct investment into a private limited enterprise is the easiest route, devoid of any central government regulations. An American company can form a private limited company as a joint venture partnership or as a wholly owned subsidiary. This is the most cost-effective India entry plan for foreign companies into India. At team VJM Global, we can plan your India-entry to take up the fastest and easiest pathway into the Indian business market.
Benefits of Registering Your UK
Company in India
Legal and Financial Security
- Registering your company helps create a separate or detached entity, thus securing the personal assets from the private limited company’s liabilities.
- The ownership of your shares can be transferred, and automatically the liability is also transferred from one owner to another.
- Both directors and employees can enjoy sundry tax benefits.
- Capital amounts can be increased via trusted sources such as banks.
Brand Image & Relationships
- A registered company is viewed as a safe and trustworthy business, especially when performing commercial operations like signing business deals and contracts or possessing property.
- Setting up a private limited company in India may also enable the chance of equity fundraising for your company, as most investors and financial funding organisations will trust a certified or legitimate company.
- When you set up a new business, it is important to form new connections and do networking.
- VJM Global can help your cause and open doors to new opportunities in India and stay abreast of industry-related developments.
Professional Growth and Scalability
- egistering a company in India has several advantages.
- It is a smart choice for foreign business owners.
- Private limited firms or corporations can help owners create profitable businesses due to their protective status as a limited liability enterprise.
- They also enjoy the status of a separate legal business with financial access and various tax benefits.
- Businesses can focus on brand scaling and gain rewards by planning or strategising their operations.
- Scalable growth is more of a possibility when the company is registered as a private limited enterprise.
Corporate Status is Trustworthy
- When a business gains corporate status, it is identified as a competent and trustworthy company, which offers devoted services and stands true to its core ideologies.
- A registered company in India showcases dependability and professionalism.
- It accumulates a good reputation and offers transparency and accountability towards its stakeholders.
- Register your company in India through us.
- We, at VJM Global, can build your business to that level to motivate internal stakeholders to work with utmost dedication and communicate winning plans and ideas to the business.
Compulsory Requirements for Company Registration
DSC: Most of the business setup operation in India happens online. Forms and documents are submitted through the official MCA site and include digital signature certificates. All the company members from the AoA subscribers, MoA subscribers, and the directors must send the digital signature certificate.
Reservation of Name: Two names need to be suggested for the company and the chosen name must be reserved. Furthermore, the reserved name should not contain certain terms per the incorporation rules (2014), similar to the registered name of an LLP, a company, or a Trademark.
Filing of MoA & AoA: A new company has to file two essential documents; the Memorandum of Association and the Articles of Association with the ROC or the Registrar of the Companies. These documents are drafted and prepared by the company founders. Both MoA and AoA have to be made with total clarity and accuracy.
Certificate of Incorporation: The registration application has to be passed by the ROC after it has been submitted with all vital papers and documents. ROC is the final authority to issue the incorporation certificate after checking and approving the application.
Corporate Bank Account: After the business is registered effectively, the company has to open a corporate bank account and set a payable subscription amount in the bank with a period of 180 days, after the business setup procedure is complete.
Why Partner With VJM Global for Company Setup in India?
VJM Global is an experienced and expert business setup partner providing 100% guidance to UK investors for company setup and operations in India. UK businessmen are made familiar with the best pathways to set up a company. Team VJM Global takes the onus of looking after all legal complexities and solving them for the setting up of business in the Indian shores. With full transparency, an extensive grasp of the Indian market scenario, and an aim to give full client satisfaction, the team offers all its support in setting up
a UK company in India.
As a business, you may wish to open a subsidiary, a foreign-based branch office, a liaison office, or a temporary project office in India. We extend our professional help and dynamic services to foreign investors in the UK to fulfil their business requirements.
- Our Expertise
- Our Approach
- Our Commitment
- Our misson
Our Expertise
- Advisory Services: Detailed advice on the plan for India business setup and structure to create a solid foundation in India.
- Legal Services: Professional guidance on the legal clauses for pre-incorporation and post-incorporation, which includes choosing a location and paper drafting.
- Secretarial Services: Adherence to all company governance regulations, related financial regulations, investor and shareholder connections and other admin work.
- Taxation of Expatriates: Decoding different tax issues and other hurdles faced by expatriates to find quick solutions.
- FEMA Advisory services: Going by the FEMA guidelines, foreign investors are advised about inbound investment. Areas covered include accounting work, bookkeeping tasks, GST returns, and more.
Our Approach
- Market Exploration: Conducting market research and making consultancy reports are some of our duties to get key insights and know the current trends circulating in the market so that you can make informative decisions.
- Partner Identification: We find you potential partners for creating joint-venture partnerships, distributors in the market, and building franchises. Start new business relationships in Bharat or reconfigure old ones with our support.
- Serving Legal Obligations: :Navigate the intricate laws of the Indian business world smoothly, by teaming with us. We can set you sailing towards success and help you focus on your main ventures leaving all the legal work trajectory to us.
- Onsite Physical Setup: :Our executives are trained to assist you in locating a physical setup for office spaces and making proper lease agreements
- Approval Procedure & Continued Services: We facilitate the obtaining of all consents, licences, and permits so that there are no roadblocks on your way.
Our Commitment
- Fast Process: We aid foreign businesses in the UK to form a company in India as quickly as possible. Providing valuable assistance to set up enterprises in the Indian subcontinent within a timeframe is one of our star qualities.
- Group of Experts: We have a team of top-qualified experts working hard to set up your UK company in India. From company building consultants to auditors and back-office 24/7 support, you can have it all.
- Tailored Approach: : A company startup or a reputed branch office, we work together with clients to give tailored solutions to align everything in order and realise your goal of doing business in India.
- Audit Services: We offer exhaustive accounting and audit services to keep your financial records up-to-date
- Transparent Pricing: For our top-of-the-line setup company services, we request very economical rates, as we believe in gaining trust and building lasting relationships.
- Dedicated Support: Our experts are committed to providing prompt and reliable support in the areas of strategies, compliance, and taxes.
Our Associations:
- EAI International
- Assocham
- PHD Chamber of Commerce:
- Competition Commission of India
- Okhla Garment & Textile Cluster (OGTC)
Popular Indian cities UK citizens choose to set up their company
New Delhi
Gurugram
Kolkata
Hyderabad
Bangalore
What our clients have to say?
Frequently Asked Questions
Have a question? We are here to help
Being an NRI, can I start a sole proprietorship firm in India?
A non-Indian can become a director or an active shareholder. However, he cannot get the status of sole proprietorship. Minimum one of the company directors must prove that he is an Indian citizen. An NRI can start a one-person company in India.
Can a foreigner dream of setting up a company in India?
NRIs or OCIs are allowed to make investments in partnership or proprietorship ventures in India following the non-repatriation rule.
Can a single proprietor register two or more companies at one time in India?
Yes, a single proprietor can become a director in two or more companies or LLPs simultaneously. He can also have shareholder status in one or more companies.
