S & F CONSULTING FIRM LIMITED is an international business consultancy firm. It offers lower cost & high quality service for the clients.
Contact information:
Email: contact@sfconsultingbd.com
Mobile: +880 01790220729 or, +880 01790220728
Corporate Office, Dhaka, Bangladesh
Service area:
- Foreign company registration ( 100 % foreign owned share, Joint Venture, Branch/ Liason / Virtual office)
- Legal
- Accounts Audit
- Income Tax
- Company Secretarial
We are all Countries of Asia
, Cambodia, China, Georgia, Hong Kong, India, Indonesia, Iran, Iraq, Israel, Japan, Jordan, Kazakhstan, Korea, North, Korea, South, Kuwait, Kyrgyzstan, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Qatar, Russia, Saudi Arabia, Singapore, Sri Lanka, Syria, Taiwan, Tajikistan, Thailand, Turkey, Turkmenistan, United Arab Emirates, Uzbekistan, Vietnam, Yemen
A foreign company
planning to set up business operations in India has the following TWO
options:
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1. AS AN INDIAN
COMPANY
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A foreign company
can commence operations in India by incorporating a company under the
Companies Act, 1956 through:
a.
Joint Ventures; or
b.
Wholly Owned
Subsidiaries
Foreign equity in
such Indian companies can be up to 100% depending on the requirements of the
investor, subject to equity caps in respect of the area of activities under
the Foreign Direct Investment (FDI) policy. Details of the FDI policy,
sectoral equity caps & procedures can be obtained on a specific request.
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1. a) Joint Venture
With An Indian Partner
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Foreign Companies
can set up their operations in India by forging strategic alliances with
Indian partners.
Joint Venture may
entail the following advantages for a foreign investor:
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1. b) Wholly Owned
Subsidiary Company
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Foreign companies
can also set up wholly owned subsidiary in sectors where 100% foreign direct
investment is permitted under the FDI policy.
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Incorporation
of Company
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For registration and
incorporation, set of applications have to be filed with Registrar of
Companies (ROC). Once a company has been duly registered and incorporated as
an Indian company, it is subject to Indian laws and regulations as applicable
to other domestic Indian companies.
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2. AS A FOREIGN
COMPANY
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Foreign Companies
can set up their operations in India through:
Such offices can
undertake any permitted activities. Companies have to register themselves
with Registrar of Companies (ROC) within 30 days of setting up a place of
business in India.
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2. a) Liaison Office/
Representative Office
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Liaison office acts
as a channel of communication between the principal place of business or head
office and entities in India. Liaison office cannot undertake any commercial
activity directly or indirectly and cannot, therefore, earn any income in
India. Its role is limited to collecting information about possible market
opportunities and providing information about the company and its products to
prospective Indian customers. It can promote export/import from/to India and
also facilitate technical/financial collaboration between parent company and
companies in India.
Approval for
establishing a liaison office in India is granted by Reserve Bank of India
(RBI).
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2. b) Project
Office
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Foreign Companies
planning to execute specific projects in India can set up temporary
project/site offices in India. RBI has now granted general permission to
foreign entities to establish Project Offices subject to specified
conditions. Such offices cannot undertake or carry on any activity other than
the activity relating and incidental to execution of the project. Project
Offices may remit outside India the surplus of the project on its completion,
general permission for which has been granted by the RBI.
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2. c) Branch Office
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Foreign companies
engaged in manufacturing and trading activities abroad are allowed to set up
Branch Offices in India for the following purposes:
i.
Export/Import of
goods
ii.
Rendering
professional or consultancy services
iii.
Carrying out
research work, in which the parent company is engaged.
iv.
Promoting technical
or financial collaborations between Indian companies and parent or overseas
group company.
v.
Representing the
parent company in India and acting as buying/selling agents in India.
vi.
Rendering services
in Information Technology and development of software in India.
vii.
Rendering technical
support to the products supplied by the parent/ group companies.
viii.
Foreign
airline/shipping company.
A branch office is
not allowed to carry out manufacturing activities on its own but is permitted
to subcontract these to an Indian manufacturer. Branch Offices established
with the approval of RBI, may remit outside India profit of the branch, net
of applicable Indian taxes and subject to RBI guidelines Permission for
setting up branch offices is granted by the Reserve Bank of India (RBI).
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Once the entity is set-up in India:
We provide complete, online back office
operations. From recruitment of personnel, to general office maintenance, to
pay roll and other legal & statutory formalities.
Bank account opening
Assistance and signatory services for opening
and operating Bank account in India with all major international banks are also
provided.
Growing Successfully
India limited companies are required by law to
place on public record their statutory annual accounts, which must often be
audited. These must comply with a range of detailed disclosure requirements set
out in the Indian Companies Act. D. Batra & Co. , Chartered Accountants
ensure that all disclosure requirements are met, and are authorised to carry
out independent statutory audits. Our approach to audit concentrates effort
where it’s most needed, keeping costs to a minimum and providing a useful
management tool. Our advice isn’t just an annual event – clients rely on our
experience all year round. As your profits grow, we advise on corporate tax
planning and compliance, and will negotiate with the Inland Revenue on your
behalf. For more about our Legal & Tax complianceservice click here. Whenever cross border intra group transactions
arise, the difficult issue of transfer pricing is never far behind. We can help
you to determine fair prices and ensure that the documentation required by the
tax authorities is in place. Financial and tax planning for business owners and
key employees is just as important to us – our personal tax, financial planning
and trust departments aim to maximise your financial growth and minimise tax
bills. Our administrators can perform credit checks on potential customers,
assist with customs and shipping documentation and arrange all the appropriate
insurance. As you establish a India presence, we can follow up on our initial
market strategy with regular marketing reviews.
The Advantages
Our service list allows you to pick and choose
to specifically match your needs. Our outsourcing capability allows you to
achieve India fiscal compliance cost-effectively. We look after the peripheral
issues leaving your company time to concentrate on what’s really important:
succeeding in the India.
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