New Startup - Indian Subsidiary of Foreign Company

Features of Indian Subsidiary Company

 

• If the foreign company wants to explore the business in India can setup subsidiary with 50% or more shareholding

• Subsidiary has to comply with Indian laws and foreign company must registered in another country

•  A foreign company can setup an Indian subsidiary with the following company structure:

  • Private Limited Company

  • Public Limited Company

  • Legal Liability Partnership

• Subsidiary requires to file annual return with the Income Tax Department  and Annual account audit by a CA is mandatory

• Subsidiaries comply with RBI guidelines

Document requirements for Incorporation

 

• Identity proof i.e. Aadhar/PAN Card/Passport

• Fighter Identity proof i.e. Aadhar/PAN Card/Passport

• Address Proof i.e. Voter's ID/Passport/Driver's License

• Address Proof of registered company i.e Rental Agreement/possession letter

• Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

• Passport-sized photograph

• Specimen signature (blank document with signature [partners only])

• Any Utility bills

Incorporation of Indian Subsidiary

 

• Obtain DSC and DINs

• Name Reservation

• Application of Incorporation

 

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Annual Compliances for Sole proprietorship

 

• GST Compliance

• Income Tax Return filing

• TDS Returns

• Drafting Financial Statements

• Tax Audit compliance

• Accounting & book keeping

 

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How do you approach R2B?

 

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