The Republic of India is the seventh largest, second most populous country and third largest economy in the world and diversity of culture and climatic conditions and natural and mineral resources. India possesses richness. India’s enduring institutions, which are rooted in the principles of democracy, ensure a transparent, predictable and secure environment for foreign investment. The existence of a free and vibrant press, an independent judiciary, a strong legal and accounting system are some of the attractive features of the business environment. The private sector is the backbone of the economy, accounting for 75% of the GDP. The opening up of the economy, which has resulted in the entry of a large number of foreign companies, together with the increasingly global focus of domestic industry, has resulted in the dynamic growth and increased competitiveness of Indian firms and the role and importance of the private sector in India’s economic development is rapidly increasing. Today, India is one of the most exciting emerging markets in the world.
Main features & Advantages
Easy to establish a company in India
No capital investment required
Low government fee
Taxes levied only on profits arising in India
English is the principal language of business and administration
Possesses an abundance of qualified and skilled manpower at low cost
Comparatively low cost of living
Local Company Secretary (nominal) required
Huge domestic market
For companies, income is taxed at a flat rate of 30% for Indian companies
How do we register your company
Step 1: Obtain PAN (Permanent Account Number) Card
Apply for the name of the company to be registered by filing Form1A for the same. After that depending upon the proposed company type file required incorporation forms listed below.
Form 1 : Application or declaration for incorporation of a company
Form 18: Notice of situation or change of situation of registered office
Form 32 : Particulars of appointment of managing director, directors, manager and secretary and the changes among them or consent of candidate to act as a managing director or director or manager or secretary of a company and/ or undertaking to take and pay for qualification shares.
2. Incorporation
We submit the application through online system to the Registrar of Companies (ROC), Ministry of Corporate Affairs, Govt. of India for processing;
you get the notification by e-mail from ROC that the company has been incorporated;
We send you documents to be signed and dispatched back to Startupr.
3. Bank account opening
Once you get all documents (Certificate of Incorporation, Memorandum and Article of Association) we set up a meeting with bank account manager to open up a bank account. You will not have to travel to India for bank account opening however you have a choice to have an appointment in India as well.
4. Post-incorporation
Filling the annual return or taking care of An Annual General Meeting (AGM).
How can we offer one of the fastest incorporation services?
If we receive the order and payment before 10AM (IST), we will process it into 60 minutes. Then we submit the application through online system to the ROC, Ministry of Corporate Affairs, and Government of India for 24-hour processing. It usually takes up-to 2 hours from the online submission to get the Registrar of Companies (ROC) notification of incorporated company. Now, you get an email with e-documents (Business certificate and Incorporation certificate with the company number, we will get this email as well). This is the moment when you can start using your company. You get the company registration number and business certificate. We order for you the incorporation documents, Memorandum and Articles of Association, Incorporation certificate) in order to open the bank account. Once we receive the notification Registrar of Companies (ROC), we send (email) you documents to be signed and dispatched to us. You might get the document next day if you chose expedited courier service (We don't guarantee processing time by Registrar of Companies (ROC) Post service or DHL). But still I don't think you will find anyone with better system in India.
Companies incorporated under the Companies Act 1956, are required to file the following Forms with the Registrar of Companies (ROC) every year:
S. No.
Document
e-Form
1
Balance-Sheet
Form 23AC to be filed by all Companies
2
Profit & Loss Account
Form 23ACA to be filed by all Companies
3
Annual Return
Form 20B to be filed by Companies having share capital
4
Annual Return
Form 21A to be filed by companies without share capital
5
Compliance Certificate
Form 66 to be filed by Companies having paid up capital of $ 25000 to Rs. $150,000
We can upload the e-Forms on the MCA portal through the ‘Annual Filing Corner’ link (after registering oneself as a user of the portal) at his convenience from his office/ home. This is the most convenient way of e-Filing. We can prepare the e-Forms as per guidelines, get them digitally signed by the authorized signatory, copy them in a CD or a pen drive and visit the nearest “Registrar’s Front Office” (RFO). RFO staff will assist in uploading of e Forms on the Registrar of Companies (ROC) portal.
The state fee in India is approximately $2500 in various compliance's for foreign Nationals.
