Setting up a venture in India

Setting up a venture in India

Setting up a business in India as an NRI can be exciting but complex. Our CA firm provides expert guidance throughout the process. From choosing the right business structure to navigating tax regulations, we ensure a smooth and compliant entry for your venture.

Business Advisory: Assist NRIs in choosing the most suitable business structure for their venture (sole proprietorship, LLP, private limited company, etc.) considering factors like liability, control, and future growth plans.
Industry Research and Analysis: Conduct market research and competitor analysis to help NRIs understand the Indian business landscape for their chosen industry.
Feasibility Study: Prepare a feasibility study outlining the financial viability of the proposed venture, including cost projections and potential profitability.

Company Name Availability Check: Ensure the chosen business name is available and complies with Indian naming regulations.
Company Registration: Handle the entire company registration process with the Registrar of Companies (ROC) in India.
Liaison with Government Agencies: Facilitate obtaining necessary licenses, permits, and registrations from relevant government authorities based on the industry and business activity.

NRI Tax Regulations: Advise NRIs on relevant tax laws, treaties, and implications for their business income and personal tax situation.
Tax Minimization Strategies: Develop tax-efficient structures and strategies to minimize the overall tax burden for the NRI venture.
Income Tax Return Filing: Assist with timely filing of income tax returns for the company and the NRI as per Indian tax regulations.

Bookkeeping and Financial Statements: Maintain accurate accounting records, prepare financial statements (balance sheets, income statements), and comply with Indian accounting standards.
Tax Compliance: Handle tax computations and ensure timely payment of taxes (GST, income tax, etc.) for the NRI venture.
Auditing and Assurance: Conduct statutory audits (if applicable) and provide assurance services to maintain financial transparency and credibility.

Foreign Exchange Management Act (FEMA) Compliance: Guide NRIs on FEMA regulations regarding foreign investments and repatriation of profits.
Banking and Investment Assistance: Assist NRIs in opening bank accounts, obtaining business loans, and making compliant investments in India.
Immigration and Visa Support: Provide guidance and support (if permitted by your firm's regulations) on obtaining business visas or work permits for NRIs involved in the venture.
By offering a comprehensive suite of services, your CA firm can become a one-stop shop for NRIs venturing into the Indian market. Remember to emphasize your understanding of NRI-specific regulations and your ability to navigate the complexities of setting up and operating a business in India.