The company registration process in India

Yes foreign national, NRI, OCI, and Foreign companies can register a company in India. The company registration process in India is entirely online and foreign citizens don't need to visit India for it. It takes a minimum of 10 days to complete the foreign company registration process in India. The cost involved in the process is approx USD 700.

You can register your company in India in many different types of companies listed below:

1. Private Limited company :

A private limited company is like PTE in Singapore or incorporation in the USA or Private limited in the UK. This is best the company registration process in India. This is one of the credible and most preferred business structure for IT companies planning to register your company in India.

2. Limited Liability Partnership:

This is the same as LLP in the UK and LLC in the USA. This is the less preferred structure as it is not a tax-efficient structure.

The pre-requisites for the company registration process in India for Pvt Limited Company

Checklist to the company registration process in India:

1. Minimum of 2 directors and one needs to the resident of India.
2. Minimum of 2 shareholders. All can be from foreign countries.
3. Registered office address proof of India.

Documents required for the company registration process in India:

1. Foreign nationals passports
2. Address proof
3. Aadhar Card, Bank Statement and PAN of Indian resident
4. If the subsidiary company is incorporated, then address proof and certificate of registration of parent company is needed.

Time and steps were taken by foreign companies to form a company in India:

1. Name approval application
2. Digital signature application for all directors
3. Charter of Companies preparation
4. Filling of incorporation documents
5. FCGPR filing with RBI
6. GST number application
7. Bank account application

What are the tax and payroll compliances after the company registration process in India?

1. Appointment of Auditor within 30 days.
2. Filling GST returns monthly
3. Filling TDS returns quarterly
4. CA needs yo conduct statutory audit annually
5. Filling of Secretarial every year
6. Filling of Income-tax return every year

Labour laws of India Overview:

These are the following labor laws of India if you hire Indian employees.

1. Having employee insurance is not required. But for a company, it is beneficial to offer insurance to the employees as it is the best way to attract good employees.
2. The period of probation is normally for 2 months but you can extend it for up to 6months.
3. There can be a notice period of 2 months.
4. TDS needs to be deducted from the salary.
5. For Indian employees working more than 54 hours a week is not allowed.
6. The paid leaves of 21 days are mandatory for the Indian employees in a year.
7. There is a maternity leave of 6 months
8. Four national holidays are Mandatory- 26th January, 15th August, 1st May and 2nd October.

The company registration process in India is easy and smooth to be done with lesser paperwork but with tons of opportunities. Connect with DBPL to register your company in India.

For more information insight by opening business in India!