Advantage To Open Indian Subsidiary In India By Foreign Promotors
Incorporation of Indian subsidiary in India by foreign promotors is best and popular option to start business in India. Indian subsidiary company can be easily incorporated in India and there is no need to visit in India by foreign promoters. Foreign company can hold 100% shares of Indian subsidiary company subject to FDI limit however lots of area are come under 100% FDI limit to run the business in India.
- RBI has granted general permission to foreign companies to establish project offices in India, provided they have secured a contract from an Indian company to execute a project in India.
- The project is funded directly by inward remittance from abroad.
- The project is funded by a bilateral or multilateral International Financing Agency.
- The project has been cleared by an appropriate authority.
- A company or entity in India awarding the contract has been granted term loan by a public financial institution or a bank in India for the project.
Requirements To Form a Indian Subsidiary Company In India
- Minimum Two Directors required and at least one director should be a resident of India.
- Minimum Two Shareholders required.
- Foreign Promoters can hold 100% share of Indian subsidiary.
- No Minimum Capital Requirement to form a company.
- One registered office required to be shown as registered office of the company.
Documents Requirements To Form a Indian Subsidiary Company In India By Foreign Promotors
- Less compliance burden compared to private limited company and others.
- PAN Card
- Aadhar Card
- Photo in Jpeg
- Id Proof (copy of either Voter's ID or Passport or Driver's License)
- Address Proof (either Bank Statement or Telephone or Mobile Bill or Electricity Bill)
- Documents Requirements For Foreign Nationals:
- Passport Copy
- Address Proof (either Bank Statement or Telephone or Mobile Bill or Electricity Bill)
- If the shareholder is foreign company then MOA, AOA and Certificate of Incorporation of foreign company
- Board Resolution to appoint authorized representative and nominee in Indian subsidiary
Please Note that in the case of MOA, AOA, certificate of Incorporation, board resolution, passport copy and address Proof should be in English language and duly appostile and notarised in home country.
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