Formation of Company
Service
Are you setting up a business?
If any of the following apply to you as a foreign company planning to do business in India: do you need assistance obtaining licenses and permissions to begin operations? If the answer is "Yes" to any of the above, you have come to the right place—ABJ & Co. Our consultants assist you throughout the entire process of forming a company in India, which includes fulfilling legal registration requirements, paperwork, licenses, permissions, and initial banking requirements. We have the answers to all your questions, and we assist you with company registration in India so that you can begin operations without any hassle.
Company formation in India
It is necessary for a business to be legally registered. The Companies Act 2013 governs the formation of companies in India. Before registration, it is vital to choose the correct form of legal structure.
One can select the right legal structure among Private Limited Company, Limited Liability Partnership (LLP), One Person Company (OPC), and proprietorship. Analysing the aims and objectives, tax rates, costs associated with complying with various legal requirements, registration fees, and many other factors is necessary when deciding on an entity's structure. We assist you in selecting the best structure based on the aforementioned considerations and offer you expert advice on how to complete all the criteria of the Indian company incorporation process.
Company Formation Services in India
ABJ & Co.’s team of proactive and competent business setup professionals in India help the clients in all the aspects related to the formation of company in India:
- Two directors and Shareholders
- There is no minimum capital required
- DIN and Digital Signatures for both the directors
- Proof of Registered Address
- Scanned copy of PAN Card and Aadhar Card/Voter ID/Passport/Driving License and latest passport size photograph of all directors
- Bank Statement/Utility bill in the name of the director as an address proof
Minimum Requirements:
Registration of foreign companies
Foreign nationals find it suitable to incorporate a foreign subsidiary in India as FEMA guidelines do not allow foreign direct investment (FDI) in Proprietorship, Partnership, and One Person Company. For FDI in an LLP, RBI permission is required. As far as the formation of company in India is concerned, a foreign national has the following options to start a business in India:
- There is no minimum capital requirement for the formation of company in India
- There should be two directors, and one of them should be an Indian
- Shareholders can be anywhere in between 2-200, and all of them can be foreign nationals
- The company must have a local registered address in India
- It is required to appoint a statutory auditor within 30 days of the formation of company in India