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Indian Subsidiary Company

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 remains a foreign entity which is subject to higher rates of taxes and stringent regulations.

Indian Subsidiary company
 
Project Office Registration in India
indian-flag

ECONOMY OVERVIEW

Region:

South Asia

Income category:

Lower middle income

Population:

1,311,050,527

GNI per capita (US$):

1,590

Young working population

 

Indian Subsidiary Company

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.

First check if the business activity is allowed in India?

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

Documentation for opening a subsidiary company

For Foreign Company / Shareholder

Minimum two person is required to become shareholder of Indian company

Certificate of Incorporation / License and Memorandum of association or charter

Board Resolution authorising the opening of company in India

List of directors & Shareholders

Power of Attorney in the name of Authorised Representative

Passport, Address Proof & Colour Photos of the Authorised Signatory

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.

Estimated Cost of Registration of a subsidiary company in India

Sl. No
Particulars
Amount in INR
Amount in USD
1.
Preliminary Consultancy Charges
10,000
160
2.
Professional Fee for Company Registration
25,000
400
3.
Documentation Charges Per Foreign Person / Entity
10,000
160
4.
Government Fee for a company with 1 Lac Capital (on actual)
9000
150
5.
Total
54,000
870

How To Incorporate a Foreign Subsidiary Company

digital

STEP 1

Digital Signature of Director

DSC is required for e-filing with MCA. An application needs to be filed along with ID and Address proof duly attested by a Gazetted Officer, Post Master or a Manager of Nationalised Bank

digital

STEP 2

Director Identification Number

It is a unique number which is allotted to a director of a company or a designated partner of an LLP, Photo, Attested ID and Address proof is required while filing the DIN application

digital

STEP 3

Name Approval Of Company

A Company registering in India need to get its name approved from the ROC, The name should be new, unique and which does not closely resembles with an already registered company or TM.

digital

STEP 4

MOA & AOA of Company

MOA is a legal document which defines activities of the company whereas the AOA is the rule book for company operation. These are drafted in line with the provisions of The Companies Act 2013.

digital

STEP 5

Company Incorporation

Based on declaration & information provided in the application, the ROC registers a Company and issues a certificate of incorporation, which is considered as conclusive proof of incorporation.

digital

STEP 6

PAN, TAN & Bank Account

A Company needs a bank account to operate its business, and our specialists shall be helping you in opening the bank account after the PAN is allotted, TAN is for TDS payment and Compliance

Start Indian Subsidiary

Rs. 25000+

Refer above Price Table

  • Free & No Obligation Consultancy on FDI
  • Online Process and Documentation
  • 12+ Years of Experience in India
  • Dedicated Startup Professional in Service to You
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