India Entry Services

India has become a top choice for global investment and business operations. The country’s business growth is driven by substantial investment potential, lower operational costs, a diverse workforce, and excellent infrastructure.

Our Tailored Business Setup Services

India has become a top choice for global investment and business operations. The country’s business growth is driven by substantial investment potential, lower operational costs, a diverse workforce, and excellent infrastructure. The Indian economy presents numerous opportunities for international investors and businesses.

Establishing business operations in India requires a deep understanding of the country’s regulatory framework and legal requirements. Foreign companies aiming to set up in India need to secure various regulatory approvals and complete necessary documentation. Additionally, the Indian tax system is intricate and comprehensive, making expert guidance essential to navigate these complexities and ensure a smooth setup process.

At AcumenSphere, we excel in assisting foreign investors and international companies with establishing their businesses in India. We provide a comprehensive range of professional services designed to help entrepreneurs set up and grow their businesses by leveraging opportunities and offering strategic financial and legal advice. Our services cover everything from initial market research to ongoing operational support.

We have partnered with foreign enterprises across multiple sectors, including consumer products, manufacturing, education, hospitality, IT/BPO, services, and consulting.

Our Tailored Business setup services include:

Feasibility Study

Market Research and Feasibility Analysis

  • Conduct market research to identify opportunities and challenges.
  • Evaluate the feasibility of the business model in the Indian market.
  • Consider cultural, economic, and legal factors affecting the business.
  • Name Approval: Reserve a unique name with the Ministry of Corporate Affairs (MCA)
  • Incorporation: File necessary incorporation documents (e.g., Memorandum of Association, Articles of Association)
  • PAN and TAN Registration: Obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for tax purposes
  • GST Registration: Register for Goods and Services Tax (GST), if applicable
  • Obtain approvals from the Reserve Bank of India (RBI) for certain entities like Liaison Offices and Branch Offices
  • Secure industry-specific licenses and permits
  • Environmental or labor law clearances (if required)
  • Open a local bank account in India for transactions
  • Set up an escrow or foreign currency account if needed

Office lease:

  • Choose a suitable location for the business
  • Lease or purchase office space
  • Arrange infrastructure (IT, furniture, utilities, etc.)

Set up of book keeping, compliance and reporting

  • Setting up of accounting systems in compliance with Indian Accounting Standards (Ind-AS)
  • Understanding of corporate tax rates, transfer pricing regulations, and withholding taxes
  • Regular filings of statutory reports with the MCA and RBI
  • Maintenance proper records for audits and inspections
  • Compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) norms
  • Implementation of Internal control functions, audits and statutory compliance functions
  • Evaluation and mitigation of risks like currency fluctuations, regulatory changes, and cultural differences
  • Insurance purchase for the business and employees
Understanding the Legal Framework

Identification of Business Structure:

Choose the type of entity:

  • Liaison Office
  • Branch Office
  • Project Office
  • Wholly Owned Subsidiary (WOS)
  • Limited Liability Partnership (LLP)
  •  

Regulatory Compliance:

Understand regulations governed by:

  • Companies Act, 2013
  • Foreign Exchange Management Act (FEMA) and RBI guidelines
  • Income Tax Act, 1961
  • Hire local talent or expatriates
  • Compliance with labor laws, including Provident Fund (PF), Employee State Insurance (ESI), and gratuity
  • Engagements with local stakeholders, industry associations, and chambers of commerce
  • Vendor Onboarding
  • Build relationships with suppliers, distributors, and other business partners
  • Establishing IT infrastructure for operations and communications
  • Development of an online presence (website, social media, etc.)
  • Services pertaining to Resident Director
  • Assignment of relevant authorised signatories

Frequently Asked Questions

India is one of the fastest-growing economies in the world, offering a large and diverse consumer base, a skilled workforce, and various government incentives for foreign direct investment. It is an ideal destination for businesses seeking growth opportunities in emerging markets. It is also an important destination for those willing to optimise their costs.

Foreign companies can establish various types of entities in India, including Subsidiary Companies, Limited Liability Partnerships (LLPs), Branch Offices, Project Offices, and Liaison Offices.

Setting up a business in India is a quick process, with streamlined regulatory processes. An entity would be required to secure regulatory approvals, including incorporation and tax registrations.

The timeline of the approvals may vary depending on certain specific sectors which might require sector-specific licenses, depending on the nature of the business.

The Government of India’s Ease of Doing Business initiative ensures completion of approvals within defined timelines.

While there are no restrictions regarding place of business, it is advisable to register the office in the state where manpower is located, for optimisation purposes.

A Resident Director is mandatory for business set up. Further, various authorities require at least 1 resident as authorized signatory.

While there is no minimum capital requirement for setting up business, it is suggested that the funding is made based on short to mid-term needs of business.

Businesses in India are subject to direct and indirect taxes, primarily:

    • Goods and Services Tax (GST)
    • Corporate income tax
    • Customs and excise duties (if applicable)

Physical presence is required for business set up in India, and all activities can be completed virtually.

We believe in building everlasting relationships based on strong pillars of trust, faith and professionalism.

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