Lower middle income
GNI per capita (US$):
Young working population
An Indian subsidiary company means a company which is incorporated in India within the provisions of the Indian Companies Act, 2013 by one or more foreign corporation(s). The incorporation in India is subject to current sectoral ceiling/limit of foreign direct investment. Though a foreign corporation can start a business in India in various formats like, a project office, a representative office or by opening a branch office, in all such type the Indian entity so created remains a foreign entity which is subject to higher rates of taxes and stringent regulations. In case the foreign corporation has plans to operate in India on full-fledged scale just like an Indian company then a subsidiary company of such a foreign company is the answer. As an Indian Subsidiary Company, it shall be subject to the same set of rules which applies to any other Indian company.
After liberalization of Indian economy, almost all sectors are open for Foreign Investment, and the company incorporation can be done through automatic route. However, in case the sector is not 100% open for foreign Investment then, in that case, the foreign corporation can register an Indian Subsidiary Company by obtaining prior approval of the FIPB (Foreign Investment Promotion Board) kindly get back to us in case you need assistance on this.Registering a company in India is simplified by the current government, wherein an application is made in one e-form to the registrar of companies. We at Setindiabiz are strategically located very close to the registrar office at New Delhi which is the centralized processing center for company Incorporation for all over India. The documentation must be done as per the prescribed standard, a brief description is as under
ATTESTATION OF DOCUMENTS : incorporation process begins with documentation and its legalization/attestation. All the documents which are filed with the registrar of companies need to be legalized. By legalization, we mean certification in the proper manner. The documents can be attested in India if the same is present in originals within the territory of India for verification and the foreign person is holding a business Visa. In all other cases, the documents require attestation in the country of origin at the office of Indian High Commission, or it may be apostille as per Hague convention. The registration process is online, which we do by filing e-forms duly signed by the digital signature of the applicant, we shall be doing end to end process except for documentation which needs to be completed by the promoters of the company. To begin the process, we suggest the promoters have a telecom with our startup specialists to understand the specific requirement.