Start Biz India in Foreign 100114023333 Phpapp02

8/8/2019 Start Biz India in Foreign 100114023333 Phpapp02

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Setting Up Business In India


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However, before starting any business, certain

Basic question will click your mind such as


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What is Foreign Investment Policy?

Where to set up? What type of organization to be formed?

What is the procedure for setting up?

What are the post set up actions?

What are continuous essentials for business?


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What is Foreign Investment Policy?


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Foreign Investment InIndia

Permitted Sector

Automatic Route

Investment upto the %allowed in the respective

sector

Approval Route

Approval of prescribedregulatory authority is

required

Prohibited Sector

No investment is allowedin the prohibited sector

Foreign Investment In India


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Where To Set Up?


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Location Availability ofraw material

Proximity to theProduct Market

Labour Supply

Transportfacilities Infrastructure IncentivesOffered Climatic factors

Key Factors for Manufacturing Industry


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Key Factors for Service &Trading Industry

Nature ofBusiness

TargetCustomer


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What type oforganization to be formed?

CompanyPartnership

(Only for NRI)Foreign Office

Options Available


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Type of Organization-Company

A company is registered in accordance with the Companies Actand is a separate legal entity, distinct fr om its shareholders,

directors and managers. The liability of the shareholders is limited

to the amount paid or unpaid on issued share capital. A company

has unlimited life and no limit is placed on the number of

shareholders.


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Company-Basic Features

Is a Body Corporate i.e. Owners & Company are distinct

Owners are nown as are olders

Company is managed by Directors

Registration is required for forming Company

Every s are olderowns s are in t e capital of Company

Company is recognized and regulated by law

uitable for medium and large scale operations


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Type of Organization-Partnership

(Only for NRI)

Partnership is combination of two or more pr oprietorships, whohave agreed to pool their resources for a common objective and

with a view to earn profit. Partnerships are established pursuant to

partnership deed between the partners and they can be formed for

particular time duration or particular project and according to the

will of the partners.


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Partnership-Basic Feature

Partnership is not a Body Corporate

It is not recognized by law

Registration is optional for forming Partnership

Liability of Partner is unlimited

Suitable for small and medium scale ofoperations


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Type of Organization-Foreign Office

Any Foreign Company intending to set-up business in India canestablish a foreign office in f orm of Liaison, Branch or Project

Office based on the requirement of operations, instead of

incorporating a company in India. Foreign Offices are generally

preferred when only limited activities are required to be carried on

and scale of business operations is not big. Setting up ForeignOffices, gives Foreign Companies an opportunity to observe the

India business environment before making full head start.


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Foreign Office-Basic Feature

Foreign Offices work as representative office in India

Each type ofoffice can undertake only prescribedactivities in India.

Allowed to carry on operation for limited period.

Approval of RBI is required for establishing ForeignOffice

Foreign offices are preferred for export/import & ITbusiness


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What is the procedure for Setting up

business?


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ObtainingDirectorsIdentification

Number for theDirectors

Applying for DigitalSignatures for

Director

Making applicationfor name approval

of company

PreparingMemorandum &

Articles ofAssociation

Filingincorporation

documents withthe Registrarof

Company

Certificate ofIncorporation

Company-Incorporation Procedure


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Foreign Office-Formation Procedure

Apply to ReserveBank of India for

approval

RegisterwithRegistrarofCompanies


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What are the post business

set up actions?

Forming an organization is just a beginning and

only half job is done.

In order to carry on business , further actions

needs to be taken.


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I-Setting up office & infrastructure

Purchase/rent office

If possible , business can also be run fromhome

Apply forwater and electricity connection

Apply for internet and telecommunicationconnection


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II-Opening of Bank Account

Check thefacilities offeredby each Bank

Check out forspecial services

for SME &Startups

With onlinebanking, logistics

factor is notmuch important

Prefer privatebanks in

comparision toPublic Sector

banks


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III-Obtain Tax Number

Mandatory numbers likePAN & TAN

Business specific taxnumbers like service tax,

value added tax


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IV-Business Specific Approval

In case of certain business, it is necessary to obtain thepermission of prescribed regulatory authority before undertaking

the said business.


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V-Hiring of Manpower

What are therequirementsof the jobs to

be filled?

What kinds ofpersons are

needed?

How manypersons are

needed?

What sourcesof recruitment

may beutilized?


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VI-Other Requirements

Labour Registration

Registration under

applicable labour laws

Printing of stationery

Printing of letterheads, sign

boards, visiting cards andother stationary


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Comprehensive Information on all the issues

relating to setting up business in India

Comprehensive

information


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Select Your

Business

Motive

Get the

desired

information

Customized Information According to theNeed of User


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Innovative Calculators


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All Services Relating to Setting of any type of

Business All Across India Under One Roof

India Entry Services

Joint Venture Advisory

Foreign Office Registration

Business Entity Formation

Shelf Company

Services For Startups

Business Support Services

Compliance Management

Business Approval

Trademark Registration

Registered /Virtual Office

Registration under Software Technology

Park Scheme

Business Research Report

Brand Research

Public Relations

Business Buy/Sell

Tax Advisory

Tax Registration

India Entry Services


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Thank You

For any ClarificationPlease drop a mail at [email protected]

Documents

Start Biz India in Foreign 100114023333 Phpapp02