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Register Your Company in India

Register your company in India

India has always been preferred destination for foreign investors for long but the recent years it has witnesses a remarkable fund inflow in form of Foreign Direct investments and cross border merger. India is also extending it arms and showcasing its support to the investors outside India whether foreigner and NRI through recent corporate development in form of easement of Legal and procedural norms. As per DPIIT, Government of India, India has witnesses 15% increase in FDI for Fiscal Year 2020-21 in spite of tough time of COVID 19.

Few of the reasons of sudden hike in Investments in India

  • Large and expanding size of market.
  • India is an alternative to Giant china
  • Digital up gradation in every aspect of economy in India
  • Innovation and start-up hub
  • Political stability and peace relations with other countries
  • Cost of resources including Human resource

In spite of all the aspects the Business Entry in India requires registrations, Applications and approval from various regulatory authorities depending upon the proposed business, operations and size and yes Foreign Companies, NRIs or OCIs can open or register their Company in India online within 10-15 days from the date of application.

Prerequisite to register company in India:

  • At least 2 Directors, 1 of them has to be resident in India.
  • At least 2 shareholders maximum 200, all of them can be foreign Individuals or Companies.
  • One address proof for registered office is required in India where the company will be registered (termed as “Registered Office”).
  • Should have clarity with business to be carried in India in order to decide whether approval of Reserve Bank of India is needed or not?
  • Hire a consultant or Professional expert who can guide you through the steps and procedure to be followed.

Documents Required for Private Limited Registration in India

  • Passport (Notarised or apostiled in their home country) along with India Embassy’s attestation
  • INC-9 (Format will be shared if required)
  • Driving License or Residence card or Government issued Identity card containing address.
  • Copies of Utility Bill (Phone or Bank Statement) not older than 60 days (Notarised or apostiled in their home country).

Additional Documents for Foreign Company opening their Subsidiary in India

  • Resolution for Registering Company in India.
  • Registration certificate of company along with Memorandum of Company containing object in it.
  • All KYC Documents of authorised signatory
  • INC-9 (Format will be shared if required)

(All the above documents should be Notarised or apostiled in their home country)

Company Registration Process

Step 1: Decide on the type of Company to be opened

There are different types of Companies that can be opened in India but primarily two types of entities are always preferred:

  • Private Limited Company : This is like Pvt Ltd in UK or PTE in Singapore or INC in USA, this is the most structured form of Company available in India as of now , Companies involved in software, Pharmaceutical, Jeep Machinery, normally prefer Private Limited Company .
  • Limited Liability Company (LLP): same as LLC in USA and LLP in UK.

Step 2: Application for name approval

After the type of company is decided, get applied 2 names to Ministry of Corporate Affairs vide www.mca.gov.in along with the requisite fees. Name Approval Generally takes 24-48 Hours Excluding Holidays.

Step 3: Preparation of Digital Signature Certificate (DSC)

A digital Signature Certificate (DSC) is a signature of an individual in an electronic form. A DSC is a secure digital key issued by the recognized certifying authorities to validate the identity of the certificate holder. DSCs include information such as the user’s name, pin code, e-mail, country, certificate authority’s name and certificate issuance date.

Step 4: Preparation of Charter of Company i.e MOA and AOA preparation.

The MOA and AOA is drafted through the expert (CA/CS) as per the requirement of the Client, since the MOA contains the Object of the Company / Purpose for which the company is registered, Client’s involvement is required for accomplishment of the same. After the Drafting the application is finally made to the Department along with the attached DSCs of Subscribers/Directors and Professional (CA/CS/CMA).

Step 5: Issuance of Registration Certificate by the Government

If the Department is satisfied with the Documents submitted and is of view that the Information given are in order and Documents are in order, it issues the Certificate of Incorporation Followed by E-Pan, E-Tan, ESIC and EPFO Registration.

Step 6: Opening of Bank account on the name of company

Once the registration certificate is issued the company is required to get its bank account opened, as the Indian law ask for mandatory deposit of capital amount in the bank account within 60 days of registration of Company.

Step 7: Reporting the capital introduction to Reserve Bank of India

Reporting the capital introduction post registration of company to RBI is mandatory, the form FC-GPR is required to be filed to Reserve Bank of India. Non Filing of the same is non compliance and would attract penalties and punishment as per Foreign Exchange Management Act, 1999.

You are ready to launch your operations in India.

General Queries

Can NRI Register Business in India?

Yes, of Course NRIs can get their company opened in India following the procedure as elaborated above.

What is the Tax rate of Companies in India?

The income tax rate in India is 25.17% for service companies and 17% for manufacturing companies.

For the subsidiary companies which provide services only to its parent companies for example a offshore IT company which provides services to its parent company a mandatory mark-up of 12-15% is to be done on all the expenses made. So for example if the total expenses(includes payroll exp, rent and other professional fees) incurred in a year is Rs 1 Million, the profit will be assumed to be 12% of expenses that is 0.12 Million and the tax will be 25.17% of that.

To repatriate the profit of Indian company to its foreign shareholders the additional dividend distribution tax of 20.55% is payable.

Will I be required to visit India to get the account of Company opened?

No, the resident direct in India will be able to get the account opened on your behalf , please keep in mind to get your account secured and hire a professional Individual as director.

How long does it take to get the Company and Bank account opened?

Registration of Company would take 10-15 days maximum, while opening of bank account takes another 5-7 days.

What is the cost of registration of company in India?

The Company registration India would cost you 50-70K INR all inclusive depending upon the requirements.

Do you help in Opening the Bank account and Finding the registered office?

Yes, we are “One Roof Corporate Solutions” we do assist in opening the bank account and finding the appropriate registered office at lowest price in India.

General Queries

Particulars Basic (49,999)Silver (79,999)Premium (89,999)
Digital Signature✔️✔️✔️
Director Identification Number ✔️✔️✔️
Name Approval of Company✔️✔️✔️
MOA and AOA✔️✔️✔️
Registration certificate ✔️✔️✔️
GST Registration✔️✔️✔️
Filing of FC-GPR to RBI-✔️✔️
Next 6 months Compliance -✔️✔️
Opening of Bank Account--✔️
Assisting in Resident Director--✔️
Assistance in Getting Registered office --✔️



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