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

  1. Lesser compliance with RBI regulations.
  2. FDI permitted under Automatic route.
  3. Applicable Income Tax Rate : 22%-30%
  4. Applicable Income Tax Rate : 22%-30%
  5. 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

  1. Prior Approval of Reserve Bank of india.
  2. 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.
  3. Regular reporting required to done to RBI.
  4. Some restrictions on nature of Operations.
  5. An Authorized Representative (Signatory) in India

Other Information

  1. The Branch cannot have a Normal Current account with Indian Bank
  2. 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

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