Setting up Business in India
The following guidance concerning some procedures/queries need to be addressed before setting up business in India.
- It should be known in which sector the business will be set up and whether it is FDI compliant or needs a specific permission.
- What is the nature of the business which will be undertaken in India.
- The period for which the business in India will be undertaken.
- The place of incorporation ie, which state in India is to be the location for such incorporation.
- Whether the client is interested in setting up the business for exports or domestic consumption (this is important from an export incentive perspective) or to set up in tax friendly Special Economic Zones etc.
- What type of office is to be set up ie liaison/branch/project office/wholly owned subsidiary.
- The size of the investment.
- Are there any existing or proposed tie-ups with companies in India?
- The country through which the investment will be routed.
- Will it be possible to tie up with Indian companies for carrying on the business?
- What transactions will be undertaken by the Indian identity with the parent company.
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