Startup Services / Setting Up Company in India | CA Chetan Oswal & Associates

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We, at COA provide the following Startup Services / Setting Up Company in India:

Incorporation of the Company.

Obtaining all the necessary registration for starting the operations of the company

Advisory on the various Schemes and Incentives of the Govt. of India under the “Startup India” and its benefit to any startup company.

Advisory on Various Income Tax advantages for a Startup Company registered under the Startup Plan of the Govt. Of India.

Assistance on designing the right business structure keeping in mind the future investors and venture capitalist who would want to be a part of these startup activities.

Most Start-up companies invariably face the problem of not being able to reach out to the experts for certain services required for their business. We provide one stop solutions for incorporating the company and start-up advisory services. Our services include Incorporation of a company, Statutory registrations, Legal Assistance, Taxation, Accounting and Finance, Outsourced CFO services, Secretarial Compliances, Payroll etc.

We offer our professional expertise to domestic and foreign investors & companies for setting up their businesses in India . We not only advise you about the foreign investment policy & procedures of the Government of India but also obtain all the necessary approvals required. Companies in India are required by law to place on public record their statutory annual accounts, which must be audited. These must comply with a range of disclosure requirements set out in the Companies Act, 2013. We, ensure that all disclosure requirements are met, and are authorised to carry out independent statutory audits. Our approach to audit concentrates effort where its most needed, keeping costs to a minimum and providing a useful management tool. Our advice isn't just an annual event but clients rely on our experience all year round. As your profits grow, we advise on corporate tax planning and compliance. Whenever cross border / intra group transactions arise, the difficult issue of transfer pricing is never far behind. We can help you to determine fair prices and ensure that the documentation required by the tax authorities is in place. Financial and tax planning for business owners and key employees is just as important to maximise your financial growth and minimise tax bills.

Setting up Company in India :

Also We at COA , offer our professional expertise to domestic and foreign investors & companies for setting up their businesses in India . We not only advise you about the foreign investment policy & procedures of the Government of India but also obtain all the necessary approvals required.

The services rendered in this area include the following :

Company / LLP (Limited Liability Partnership) Incorporation
Assistance in reviewing all agreements & contracts to protect the interest of the company & investorss
Obtaining all approvals & clearances from Reserve Bank of India & Foreign Investment Promotion Board (FIPB).
Obtaining all the necessary one time registrations required to commence the business activities.
Setting up the accounting / book keeping systems and processes.

We provide valuable inputs on the most tax friendly options while conceptualizing the business / investment strategy :

A foreign company planning to set up business operations in India has the following TWO options:

As an Indian Company
As a Foreign Company

As an Indian Company :

A foreign company can commence operations in India by incorporating a company under the Companies Act, 2013 through:

Joint Venture With An Indian Partner :

Foreign Companies can set up their operations in India by forging strategic alliances with Indian partners. Joint Venture may entail the following advantages for a foreign investor:

Established distribution/ marketing set up of the Indian partner
Available financial resource of the Indian partners
Established contacts of the Indian partners which help smoothen the process of setting up of operations

Wholly Owned Subsidiaries :

Foreign equity in such Indian companies can extend up to 100% depending on the equity caps in respective sectors and areas of activities as per the regulations prescribed under the Foreign Direct Investment (FDI) policy in place on the date of investment. Basically Reserve Bank of India through its Foreign Direct Investment Policy has two routes. One is an Automatic Route and other is a Prior Approval of FIPB Route. COA, can assist in understanding the details of the FDI policy, sectoral equity caps & procedures on a specific request.

AS A FOREIGN COMPANY :

Foreign Companies can set up their operations in India through:

Liaison Office/Representative Office
Project Office
Branch Office

Such offices can undertake any permitted activities. Companies have to register themselves with Registrar of Companies (ROC) within 30 days of setting up a place of business in India.

Liaison Office/ Representative Office :

Liaison office acts as a channel of communication between the principal place of business or head office and entities in India . Liaison office cannot undertake any commercial activity directly or indirectly and cannot, therefore, earn any income in India . Its role is limited to collecting information about possible market opportunities and providing information about the company and its products to prospective Indian customers. It can promote export/import from/to India and also facilitate technical/financial collaboration between parent company and companies in India . Approval for establishing a liaison office in India is granted by Reserve Bank of India (RBI).

Project Office :

Foreign Companies planning to execute specific projects in India can set up temporary project/site offices in India . RBI has now granted general permission to foreign entities to establish Project Offices subject to specified conditions. Such offices cannot undertake or carry on any activity other than the activity relating and incidental to execution of the project. Project Offices may remit outside India the surplus of the project on its completion, general permission for which has been granted by the RBI.

Branch Office :

Foreign companies engaged in manufacturing and trading activities abroad are allowed to set up Branch Offices in India for the following purposes:

Export/Import of goods
Rendering professional or consultancy services
Carrying out research work, in which the parent company is engaged.
Promoting technical or financial collaborations between Indian companies and parent or overseas group company.
Representing the parent company in India and acting as buying/selling agents in India .
Rendering services in Information Technology and development of software in India .
Rendering technical support to the products supplied by the parent/ group companies.
Foreign airline/shipping company.

A branch office is not allowed to carry out manufacturing activities on its own but is permitted to subcontract these to an Indian manufacturer. Branch Offices established with the approval of RBI, may remit outside India profit of the branch, net of applicable Indian taxes and subject to RBI guidelines Permission for setting up branch offices is granted by the Reserve Bank of India (RBI).

After the entity is set-up in India :

We provide complete, online back office operations. From book-keeping to pay roll payroll processing, audit and assurance services and business enterprise services which includes all the statutory compliances required by a company in India. Opening Bank Account Assistance and signatory services for opening and operating Bank account in India with all major international banks are also provided by COA.

Growing Successfully :

Companies in India are required by law to place on public record their statutory annual accounts, which must be audited. These must comply with a range of disclosure requirements set out in the Companies Act, 2013. COA, ensure that all disclosure requirements are met, and are authorised to carry out independent statutory audits. Our approach to audit concentrates effort where its most needed, keeping costs to a minimum and providing a useful management tool. Our advice isnt just an annual event but clients rely on our experience all year round. As your profits grow, we advise on corporate tax planning and compliance. Whenever cross border / intra group transactions arise, the difficult issue of transfer pricing is never far behind. We can help you to determine fair prices and ensure that the documentation required by the tax authorities is in place. Financial and tax planning for business owners and key employees is just as important to maximise your financial growth and minimise tax bills.

The Advantages :

Our service list allows you to pick and choose to specifically match your needs. Our outsourcing capability allows you to achieve India fiscal compliance cost-effectively. We look after the peripheral issues leaving your company time to concentrate on whats really important: succeeding in the India .