Setup Company in India
Zastata helps foreign nationals/foreign companies to setup company in India through our partner firm canest
Types of Company incorporation for foreign companies
The initial and crucial step is to select the right manufacturer who can be a long term partner. We select our manufacturer based on various criteria’s.
- Incorporation of Private limited company or Limited company
- Incorporation of Limited Liability partnership (LLP)
- Proprietorship firm or Partnership firm
- Registration of Branch office or Liaison office.
Incorporation of Private limited company or fully subsidiary company
Requirements
1 .Indian Resident Director who will be the Authorized Signatory.
2.Indian shareholder – Not mandatory
SUGGESTED SHAREHOLDING PATTERN – JOINTLY HELD BY PARENT COMPANY AND ONE INDIVIDUAL. INDIAN DIRECTOR SHAREHOLDING NOT MANDATORY.
3. A Registered office.
4. KYC Documents signed and Notarized, Signature on Bank Account Opening forms also required in original.
Other Information
- Lesser compliance with RBI regulations.
- FDI permitted under Automatic route.
- Applicable Income Tax Rate : 22%-30%
- Applicable Income Tax Rate : 22%-30%
- No restriction on nature of Operations unless it falls under certainspecified restricted activities or requires prior Approval of RBI.
Cost
Last financial year, we helped our customers save a combined $1M of cost saving. If you are looking to reduce cost for your existing component/product, we will definitely get this done whilst maintaining the same level of product quality and service.
- Statutory Fees for Incorporation : Starting from INR 2000 (upto Authorised share capital of INR 1500000).
- Incorporation : INR 75000 (including post Incorporation compliances)
- Maintenance of Accounts along with TDS & GST returns if applicable: Starting from INR 10000 per month.
- Above cost includes Filing of Annual returns with MCA, Income Tax Returns and RBI reporting.
- Audit (to be conducted by Another Firm) if applicable.
Incorporation of Branch office in India
Requirements
- Prior Approval of Reserve Bank of india.
- The Application along with Financial Statements and other Information is required to be submitted through Authorized Dealer (Bank/Financial Institutions). Eligibility criteria to be fulfilled for approval.
- Regular reporting required to done to RBI.
- Some restrictions on nature of Operations.
- An Authorized Representative (Signatory) in India
Other Information
- The Branch cannot have a Normal Current account with Indian Bank
- Generally suggested to open a Branch if Operations are to be done for a fixed period/ purpose.
Along with Incorporation and post compliance services, Zastata’s partner firm (https://canest.in/) helps with various other services and compliances.
Incorporation of Private limited company or fully subsidiary company
Obtaining PAN and TAN registration
Obtaining Import Export Code
Provident fund/ESI/Professional tax
Payroll services
FDI/FEMA Advisory
Business valuation
Mergers and Acquisistions
INDUSTRIES WE SERVE
CONTACT US
