Foreign Owned Company

India is one of the fast-growing country in the world in terms of business and therefore there are huge interest amongst international investor to start operation in India. International Investor can start business in India by forming a Foreign Company or by Incorporating Wholly Owned Indian Subsidiary Company in India. Foreign company has higher taxation in India as well as has various restrictions in operation in India such as to acquire immovable property. But at the same time Indian Subsidiary Company has same privilege as of Indian company and has less tax rate as compared to foreign company. Wholly owned Indian Subsidiary Company Registration can be done only the business sector in which 100% Foreign Direct Investment FDI permitted under automatic route. Foreign Direct Investment FSI can done in India either through Automatic route or through approval route. In approval route there required prior approval of RBI before bringing FDI in India. Process of Foreign owned Indian Subsidiary company incorporation is just like Indian Private limited company registration except before compliance such as approval from RBI, Filing of ARF (Advance Reporting Form) to RBI and later on Filing FC-GPRA Form with RBI for share certificate issuance. Following documents are required for Foreign Director and for Indian Director to register Indian subsidiary company in India: –

Pan copy of all Indian director and shareholder

Four photographs of each Indian Director and shareholder

Latest Mobile Bill or Bank Statement of all Indian directors and shareholder

Aadhaar copy of all Indian director and shareholder

For Registered Office:

Electricity Bill with NOC from Indian Director (in case of rented premises Electricity Bill along with rent agreement and NOC form owner of the premises)

For Foreign Director and Shareholder (other than corporate): -

(above documents in three set and documents attested by Notary Public of citizenship country or by embassy of that country in India and self-attested)