- May 18, 2021
- Posted by: TeamSCK
- Category: Economics
The Regulators in Indian have done a substantial amount of work over the years to ease the process of incorporating a company and setting up business in India. It still might not be as easy as any other country from the developed world but we have surely come a long way forward. The same if rightfully recognized by the World Bank Ratings in the Ease of Doing business study year on year.
We @ SCK have compiled some of the key processes to set up a Subsidiary of a Foreign Company in India and present our understandings as under:
A Good homework on the documentation process is akin to Well Begun and Half Done, so here is what you need to make sure you have to start the process for an early completion.
*As all the mandatory registrations, for PAN/ TAN/ EPFO/ ESIC/ GSTIN/ Professional Tax (Only Maharashtra), being done in a single incorporation application “Form Spice+”, the time taken for the incorporation of the Company/ other approvals is now reduced to approx. 7 working days only from the receipt of necessary documents.
Once done you just need to work about a few post-incorporation requirements to make sure that you’re commercially ready to commence business.
The whole process is time driven and generally with all papers complete and proper documentation being made available its take around 4 weeks to go live with commercial operations in India.
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