India Specific Services

The Government of India has taken up a series of measures to improve Ease of Doing Business. The emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more efficient and effective. The World Bank has released Doing Business Report, 2016 on 27th October, 2015. India is ranked at 130 (against a recalculated rank of 134th for 2015). According to a Goldman Sachs report released in September 2015, India could grow at a potential 8 per cent on average during from fiscal 2016 to 2020 powered by greater access to banking, technology adoption, urbanization and other structural reforms.

At Habibullah & Co. Chartered Accountants, We specialise in providing services and professional assistance to upcoming companies by minimizing the risks involved in setting up a new business by formulating new business ideas and its development, identifying possible growth opportunities, concept planning, risk analysis, financial planning, business entry strategies among others.

We can help you in setting up your business in India in following formats:
  • Liaison Office:

    Setting up a liaison office in a sector in which 100% FDI is allowed under the automatic route requires the prior consent of the RBI. For the remaining sectors, RBI grants its approval after consultation with the Ministry of Finance. A liaison office acts as a representative of the parent foreign company in India. However, a liaison office cannot undertake any commercial activities and must maintain itself from the remittances received from its parent foreign company. The approval for setting up a liaison office is valid for 3 years. It is an option usually preferred by foreign companies that wish to explore business opportunities in India.

  • Branch Office:

    Similar to a liaison office the branch office of a foreign company in India must be set up with the prior consent of the RBI, for sectors under which 100% FDI is permissible under automatic route, with approval under other sectors accorded after consultation with Ministry of Finance. It can represent the foreign parent company in India and act as its buying or selling agent in India. However, a branch office cannot carry out any retail, manufacturing or processing activities. The branch office is permitted to remit surplus revenues to its foreign parent company subject to the taxes applicable. Operations of a branch office are restricted due to limitation on the activities that it can undertake.

  • Project Office:

    A foreign company may set up a project office in India under the automatic route subject to certain conditions being fulfilled including existence of a contract with an Indian company to execute a project in India. A project office is permitted to operate a bank account in India and may remit surplus revenue from the project to the foreign parent company. Project offices are generally preferred by companies engaged in one-time turnkey or installation projects.

  • Limited Liability Partnership:

    A Limited Liability Partnership (“LLP”) is a form of business entity which permits individual partners to be shielded from the liabilities created by another partner’s business decision or misconduct. In India, LLPs are governed by the Limited Liability Partnership Act, 2008. LLP is a body corporate and exists as a legal person separate from its partners. Foreign investment in LLPs is permitted only under the Government approval route and can be made in LLPs operating in sectors where 100% FDI is allowed through the automatic route and there are no performance linked conditions.

  • Private Limited Companies:

    A private limited company has certain distinguishing characteristics. It must, in its articles of association, restrict the right to transfer shares; the number of members in a private limited company is minimum of 2 and a maximum of 200 members (excluding the present and past employees of the company); its Articles of Association must prohibit any invitation to the public to subscribe to the securities of the company.

  • Public Limited Companies:

    A public limited company is defined as a company which is not a private company (but includes a private company that is the subsidiary of a public company). About 3-4 weeks is required to incorporate a company in India.

COMPREHENSIVE SERVICE PACKAGES

A Commercial transactions between the different parts of the multinational groups may not be....

If you are a foreign company sending your employees to India or you are a foreign national headed for...


Indian companies and non-resident companies with India-sourced income must withhold taxes on.




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