Registering Foreign Company in India
In this era of globalization, every country looks forward to improving business relations by carrying out trade activities together. India, being the fast-growing economy in the world, is a favorite destination for many MNCs and corporations. However, foreign companies first need to complete all the legal compliance before commencing their business.
What is the Meaning of Foreign Company?
As per section 2(42) of the Companies Act, 2013, a foreign company means any company or body corporate incorporated outside India that (a) has a place of business in India, whether by itself or through an agent, physically or through electronic mode; and (b) conducts any business activity in India in any other manner.
In what ways can a foreign company run business in India?
There are the following ways in which the foreign company can commence business which is as follow:
If the company is incorporated within the Indian Companies Act 2013, but shares are held by a foreigner:
If the Foreign Company registers itself under the Companies Act, 2013 to start a business:
Documents Required for Foreign Company Registration in India
For the incorporation, the presence of any of the foreign directors isn’t required. Thus foreign citizens can easily establish and operate a business in India without the hassles of traveling to India. Additionally, the cost of registering a business in India is relatively inexpensive, making it a perfect and easy place to establish and commence business.
Post-Incorporation Formalities for a Foreign Company
How Muneembhai Simplifies the Process of Registering a Foreign Company in India?
We understand the requirements of your business and provide you with a comprehensive suite of customized solutions that suit your needs at a nominal cost.
With our team of CA, CS, and lawyers, we manage the complete process; right from managing the business registration process to overseeing your budget expenditure to ensure that your preliminary expenses don't exceed the limit for longer financial stability.
Being a technology-driven platform, we strive to foster your business growth!