Foreign companies
In India, a foreign company is mandatory to follow certain special provisions as compared to a domestic company. E.g. a foreign company at the time of making the investment in India or setting up an office is required to comply with the Foreign Exchange Management Act (FEMA) and its guidelines. Similarly, if the foreign company is involved in selling goods or providing services then it is required to comply with the Indian tax laws.
A ‘foreign company’ is an entity that is incorporated outside India, but has a place of business in India or conducts any business activity in India in any other manner. The accurate definition of a foreign company is given under the Companies Act, 2013.
Following are the benefit of foreign company
Following are the benefit of foreign companies.
Following documents required for foreign company registration in India:
1. Certified copy of the certificate of registration of the foreign company.
2. List of directors and secretaries of foreign companies.
3. Power of attorney and board resolution in favor of the authorized representative.
1) Office Address proof (In case of a rented property, the latest electricity bill, Rent / Lease agreement)
2) For Indian citizen
4. Copay of PAN card
5. Address proof Aadhar card. Driving license, Bank statement latest
6. 3) For foreign national Passport mandatory for address Proof
7. All the above documents submitted must be certified by the Indian Consular or consulate
Foreign companies
In India, a foreign company is mandatory to follow certain special provisions as compared to a domestic company. E.g. a foreign company at the time of making the investment in India or setting up an office is required to comply with the Foreign Exchange Management Act (FEMA) and its guidelines. Similarly, if the foreign company is involved in selling goods or providing services then it is required to comply with the Indian tax laws.
A ‘foreign company’ is an entity that is incorporated outside India, but has a place of business in India or conducts any business activity in India in any other manner. The accurate definition of a foreign company is given under the Companies Act, 2013.
Following are the benefit of foreign company
Following are the benefit of foreign companies.
Following documents required for foreign company registration in India:
Yes. We can say it an Indian Subsidiary company of a Foreign Parent Company of yours. As per Indian Laws, it allows you to retain 100% ownership by subscribing to shares of the Indian company.
Yes, Every foreign company should have Indian citizen director,
The name of a foreign company shall end with a private limited or limited company, the procedure is similar for reserving the Indian domestic company.
A person/ representative of a foreign company has to follow the following steps.
Run Name Reservation
Name can be reserve through the web site of MCA, by RUN utility) it would be valid for 20 Days
Name reservation along with Company incorporation
A person/ representative of a foreign company can reserve a name and incorporate the company through the SPICe form process.