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START AN INDIAN COMPANY WITH FOREIGN PERSONS

In India, a company by foreign Individuals can be registered quickly with the help of team setindiabiz. Most of the sectors are open for foreign direct investment and are available under automatic route of FDI approval.

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ECONOMY OVERVIEW

Region:

South Asia

Income category:

Lower middle income

Population:

1,311,050,527

GNI per capita (US$):

1,590

Young working population

 

Registration of Indian Company by one or more Foreign Individuals

A company in India is incorporated under the legal framework prescribed by the Companies Act, 2013 and the rules framed therein, one of the requirement to form a company is that there must be two people willing to subscribe to the memorandum of association of the company. Unless the object of the enterprise is not illegal, there is no restriction on investment in any sector of business by one or more Indian National. However, for a foreign national, there are limitations prescribed by the central government of India, which is refreshed every year in a Master Circular by the Reserve Bank of India, which is popularly known as the Foreign Direct Investment Policy of India. RBI published the most recent one on 1st July 2016, which can be referred to in by clicking here

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

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 company in India with foreigners

Sl. No
Particulars
Amount in INR
Amount in USD
1.
Professional Fee for Company Registration
26,000
435
2.
Documentation Charges Per Foreign Person / Entity
10,000
170
3.
Government Fee for a company with 1 Lac Capital (on actual)
9000
150
5.
Total
45,000
755