STARTING A BUSINESS IN INDIA
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India is becoming one of the leading countries in the World Bank’s business index. There are various entry options for foreign investors to enter the Indian market, with the guidance of conventional finance advisors. Finance advisors help throughout the process in establishing a Private Limited Company, Limited Company, Limited Liability Company, Branch Office, liaison office, etc. Indian laws allow foreign citizens to become a full-time director or stakeholder taking into consideration that at least one of the partners is an Indian citizen. The best chartered accountant firm is the one having expertise in understanding and delivering financial decisions the best suitable for their clients. S K P N is one of them in Pune, providing various professional services for those willing to set up a business in India. With setting up a new business, things like income tax, sales tax, accounting, tax audits all such financial decisions have to be considered as any minor mistake can bring huge losses to the business, S K P N holds expertise in solving such issues as well as making sure their clients don’t face one. S K P N provides tax consultancy making you understand the technicality while setting up a business.
We can help you in the following form of business set-ups:
Private limited company
Any company can be a private limited company with the following basic requirements, which are as follows:
- NRI or foreign nationals can be a director and/or stakeholder
- One can be both director and stakeholder
- Minimum 2 stakeholders and 2 directors
A private limited company has multiple features out of which few are listed below:
- Possibility to grow big and expand
- Perpetual Existence
- It is flexible and has a limited liability of Shareholders
- Owning Property
- Separate Legal Entity
- Greater capital contribution and greater stability
One Person Company
One Person Company is the idea presented for business people who are fit for beginning an endeavor by permitting them to make a solitary individual element for business in India…
One Person Company Features:
- Required to Nominate a nominee Director in MOA & AOA
- Limited Liability
- Only One Member is required to create OPC
- Separate Legal Entity
Limited Company
Limited Company is second generally predominant and well known sort of corporate legitimate element for business in India. A restricted organization can be enlisted with, at least seven investors and three chiefs. An Individual can be both a director and shareholder, while a corporate lawful element must be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment.
Limited Company Features:
- Greater capital contribution and greater stability
- Greater Borrowing Capacity
- Limited liability to Owners and Management
- Separate Legal Entity
- Easy Transfer of ownership
- Perpetual Existence
- Stringent Regulatory Requirements
Limited Liability Partnership
The principle preferred position of a Limited Liability Partnership over a customary organization firm is that in a LLP, risk of accomplices is restricted, like that of the investors of a private restricted organization. Be that as it may, in contrast to private limited company investor/shareholder, the accomplices of a LLP reserve the privilege to deal with the business straightforwardly.
Limited Liability Partnership Features:
- Owning Property
- Limited liability to Owners
- Separate Legal Entity
- Easy Transfer of ownership