Popular Ways To Setup Office/s In India
What Indian Market Holds for You
Setting up an office or company registration in India by a foreign company entails a number of key steps and considerations, including:
Legal compliance: Ensuring compliance with all relevant Indian laws, regulations and procedures related to foreign investment and business operations. This may involve obtaining various licenses, permits, and certifications from the relevant government agencies.
Business structure: Deciding on the most appropriate legal structure for the business in India, such as a branch office, liaison office, or wholly-owned subsidiary.
Business registration: Registering the business with the Registrar of Companies, the Ministry of Corporate Affairs, and other relevant government agencies.
Taxation: Obtaining a PAN (Permanent Account Number) and registering for taxes, such as corporate tax, value-added tax (VAT), and service tax, and ensuring compliance with all relevant tax regulations.
Human resources: Hiring and managing employees, including obtaining necessary work visas and labor law compliance.
Banking and finance: Setting up a local bank account and obtaining any necessary financing for the business.
Real estate: Securing a suitable office space and negotiating rental agreements.
IT infrastructure: Setting up the necessary IT infrastructure, such as computers, internet, and telecommunications.
Market entry strategy: Developing a detailed Indian market entry strategy, including market research, product/service positioning, pricing, marketing and sales efforts, and local partnerships.
Logistics and supply chain management: Establishing efficient logistics and supply chain management processes to ensure timely and cost-effective delivery of goods and services.
This is by no means an exhaustive list, and each company may face unique challenges and considerations when setting up an office in India. However, by having a well-thought-out plan and leveraging the expertise of local consultants and advisors, foreign companies can successfully establish a presence in the Indian market.
Setting up an office in a new country is no Childs play. Your local travel, reservations, routes, Visa etc. are few of the travel needs that have to be taken care of. Similarly, right from the type and size of the office space to its strategic location, all aspects of real-estate can be detrimental in establishing a company well in the market . If your office space is in a secluded area, hiring of staff will become a problem. If you plan to set up a manufacturing unit in any place other than Special Economic Zones, the approvals will not come through. Understanding of the local real estate availability, rates and trends , hence is of utmost importance. Fox&Angel helps you iron out all issues pertaining to setting up an office in India. We manage everything right from your Visa, travel documents, reservations, setting up of meetings, lesioning with local partners, scouting the right property Sale/rent deeds, negotiations etc.