Business Setup in India
As we all know that India is one of the emerging countries with highest numbers of import and export. Since independence; the country of India has showed a tremendous growth in varies sectors of the economy including agricultural products, industrial goods and services segments. As compare to other developing economies of the world; Indian economy is on the top of the list with favorable figures. This makes a huge numbers of companies and world known brands to approach India for carrying branch office / liaison office / project office or any other form of corporate in India. In last few decades; numbers of foreign companies have got registered with Indian corporate act. This has made the Indian business law to get strict with their company and business act.Here below are the points where one need to remember while Business set up in India :
- One needs to explore more about Indian market as there is diversity in Indian economy with number of traditions, culture and customs. Business should be accepted by each and every society in India in order to have great success.
- Service sector including transport, electronics, biotechnology, telecommunication, hotels and tourism are some of the leveraging segments while doing a business in India.
- With an expansion of Information and Communication Technologies in India, numbers of business houses in Europe and America have moved towards India; where Indian market has turned out as one of the biggest markets while exporting the services of same sector.
- Besides these; film city in Mumbai is another aspect that giving a rise to business in India that has willingness to create a separate business model in India.
- Diversity in market, easy to invest with Indian market and efficient man power are the key benefits of setting up a company in India.
Business Setup Process India and Our ServicesAll types of business laws and company acts are governed by Ministry of Affairs under the New Companies Act 2013. Here, we bring you with detail business set up process and services in India as mentioned below :
- First, select the type of company in India out of private company, public, One Person Company, sole proprietorship, limited company or any other.
- Get DIN and digital signature certificate for the same.
- Get file an application for approval of business name that you want to set up in India.
- Get file an application for business registration and incorporation in India.
- Get submit the legal documents like MOA / AOA and other owners / partners / directors details with ID proofs.
- Get apply for certification of business registration in India where after file an application for applying certificate of commencement of business in India.