Business Registration in Pune
Foreign Company Registration

Foreign Company Registration

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Price: ₹ 40,000/-(including gov. fees)

*Subject to approval of Government portal services

1) Inc. Govt fees upto 1 lakh capital

2) 2 DSC

        3) INC-20A (Business Commencement)

        4) Share Certificate

        5) Memorandum of Association

        6) Article of Association 

        7) PF Number

        8) ESIC Number

        9) PAN and TAN

      10) Current account opening support

Foreign Company Registration

Foreign Company Registration refers to the process by which a business entity registered outside India which are keen to make a presence in the country like. India is becoming a favourite destination due to vast investment opportunities, different market access in India. Foreign company can be registered through various legal structures, including setting up a subsidiary, branch office, liaison office, or joint venture. The process is regulated by the Companies Act, 2013, the Foreign Exchange Management Act (FEMA), 1999 and the guidelines of the Reserve Bank of India (RBI). Approval of Reserve Bank of India (RBI) is compulsory to be taken in approval route process.

We help foreign companies and individuals establish wholly owned subsidiaries (WOS), liaison offices, branch offices, and LLPs in India. India is a massive market. Large companies are incorporating in India in order to tap into the country’s sizable market.

Types of Foreign Company Registration

    1. Wholly Owned Subsidiary (Private Limited Company)

    A foreign company can register a 100% owned subsidiary in India if its industry sector allows 100% FDI

      (Foreign Direct Investment) as per Government rules.

    Registered under the Companies Act, 2013 as a Private Limited Company.

     A minimum of two directors and two shareholders, with one director being an Indian resident will be needed to

     register Company

Obtain Digital Signature Certificate (DSC):

The first step is to obtain a digital signature certificate for the proposed director of the OPC. A DSC is required for online filing of documents with the Ministry of Corporate Affairs. 

    2. Joint Venture (JV) with an Indian Partner

      To form a joint venture, a foreign business may collaborate with an Indian organization.

      Ideal for sectors need an Indian partner where FDI have restrictions on foreign direct investment.

      The foreign entity contributes technology and investment, while the Indian partner offers local market expertise.

Obtain Director Identification Number (DIN):

The next step is to obtain a Director Identification Number for the proposed director. DIN can be obtained by filing an online application on the Ministry of Corporate Affairs website.

    3. Branch Office (BO)

    Foreign businesses can open a branch office in India if they are involved in trading or manufacturing.

    Allowed to conduct business operations, but not allowed to engage in direct production within India.

    Reserve Bank of India (RBI) clearance is compulsory.

Name Approval:

Choose a unique name for your One Person Company and apply for name approval through Form SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) on the MCA website. You can provide up to two proposed names in order of preference. The name should comply with the naming guidelines provided by the Ministry of Corporate Affairs.

    4. Liaison Office (LO) / Representative Office

    Acts as a communication channel between the parent company and Indian customers or businesses.

    Not allowed to conduct business or revenue-generating activities.

    Need RBI and Ministry of Corporate Affairs (MCA) approval.

File Incorporation Documents:

Complete the online filing of incorporation documents using Form SPICe+. This form combines various forms required for incorporation, including MOA, AOA, and other necessary declarations. You also need to provide details of the proposed director, registered office address, and other relevant information.

    5. Project Office (PO)

  Establish by a foreign company to execute a specific project in India.

    Permitted only for contractual work with Indian companies.

    Need RBI permission and registration with the Registrar of Companies (RoC).

Minimum requirements for Foreign Company Registration

Two (2) Director & Two (2) Member (Can be same person)

No minimum capital requirement

Digital Signature (DSC) for all Director

   One Director shall be Indian resident

Process of Foreign Company Registration

Step 1- Obtaining Digital Signature of the Director/Members – Each prospective director and member in case, member is individual must obtain a Digital Signature Certificate (DSC).

Step 2- Name application for Private Limited Company with MCA – The name must comply with the guidelines provided by the Ministry of Corporate Affairs.  Approved name of the Private Company is available for 20 days from the date of approval. The name application request for a company name must be submitted to the Ministry of Corporate Affairs (MCA). The proposed company name must be unique. The name shall not be similar or resemble to the existing company/LLP registered. If the proposed Company is not incorporated within such period, the name shall be lapsed and will be available for other applicant/ OPC/Company.

Step 3- Incorporation documents – All documents and information pertaining to the registered office, directors, and members, as well as the Memorandum of Association (MOA) and Articles of Association (AOA), must be submitted via online forms (SPICe Form) following the approval of the Company’s name.

Step 4- Issue of Certificate of Registration – The Ministry of Corporate Affairs (MCA) will approve the forms and issue a Certificate of Incorporation along with a Pan card and Tan allotment letter if it determines that all the documents and information are accurate and complete. The Government also issues ESIC number and PF number on email id of the applicant.

Step 5- Opening of Current Account – Once a company is registered in India. The company must submit all the required documents and apply for a current account with any banks.

List of documents for Foreign Company Registration in Pune

      1. For Indian Director

📋 Latest Bank statement not more than 2 months old/light bill

📋 Passport copy if any

📋 Passport size Photograph

📋 Copy of Aadhar Card/voting card

📋 Copy of Pan Card

📋 Colour photo in jpeg format

📋 Email Id

📋 Mobile Number

2. For Non-Resident Director

📋 Passport (Mandatory)

📋 Driving License or Utility Bill (Electricity, Power, Telephone, Water bill) relating to a date not more than two months

📋 Colour photo in jpeg format

📋 Email Id

📋 Mobile Number

All documents shall be apostilled and notarized [in case the applicant is from a country which is not commonwealth country but which is party to the treaty under Hague Apostille Convention, 1961 viz.  Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents) or

-attested by Indian Embassy/ Consulate and notorized (in case the applicant is from a country which is not commonwealth country and not a signatory to Hague Apostille Convention) 

   1. In case of Foreign Shareholder

📋 Certificate of Incorporation

📋 Latest registered office proof of foreign legal entity i.e. forms filed with Government authority, Utility Bill (Electricity, Power, Telephone, Water bill) relating to a date not more than two months and should contain the address.

 

📋 Copy of Trademark certificate of trademark in case name of the proposed company is in the name of the trademark and No objection certificate from owner of the trademark to use the name for proposed company.

📋 Incorporation certificate, Memorandum of Association and Articles of association or chartered Documents of the Foreign Share holder

 

   All following documents shall be

      1. i)  duly notarized (in case of an applicant from a country belonging to the Commonwealth country) or

      1. ii) apostilled and notarized [in case the applicant is from a country which is not commonwealth country but which is party to the treaty under Hague Apostille Convention, 1961 viz. Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents) or

      1. iii) attested by Indian Embassy/ Consulate and notorized (in case the applicant is from a country which is not commonwealth country and not a signatory to (Hague Apostille Convention) 

Advantages of Foreign Company Registration

    1. Strategic Location and Growing Economy

India makes it a strategic location for business expansion. Increasing economic growth and industrialization in India offer excellent opportunities for foreign companies.

    2. Ease of Doing Business

India’s standing in the Ease of Doing Business Index has improved drastically. The Indian government has made it easier to register and comply with business regulations

    3. Tax Benefits and Incentives

Tax discounts, subsidies, and relaxed rules in Special Economic Zones (SEZs) are just a few of the incentives the Indian government offers to attract foreign direct investments (FDI).

   4. Expanding Market Potential

Considering Growing population and industrial base market for various products and services. This makes it an ideal destination for foreign companies to tap into India’s emerging economy.

Disadvantages of Foreign Company Registration

    1. Regulatory Compliance

Foreign companies must comply with various Indian regulations, including the Companies Act, 2013, FEMA (Foreign Exchange Management Act), and SEBI guidelines. The compliance process can be complex and time-consuming.

   2. Time Consuming Approval and other challenges

Getting permits and approvals for various registration under laws may take longer than anticipated.

   3. Cultural and Language Barriers

Understanding local business culture, language, taste of consumers and negotiation styles can be difficult for foreign Companies.

   4. High Competition

Before entering into market, Foreign companies are advisable and must invest in market research and branding to compete effectively with local companies.

   5. Taxation and Financial Liabilities

Indian tax structure is complex. Foreign businesses must understand to India’s corporate tax framework, which includes GST, TDS, and other tax duties, even though there are tax benefits.

Foreign company can be registered in India as per rules and regulation of Company Act, 2013

Preliminary Documents for registration of foreign company are Self attested Pan, Self-attested Adhar card, Latest bank statement, Self-attested copy of Passport, Self-attested copy of latest electricity bill etc. You can read more information for list of documents in our page

No. Foreign Company has to take registration before start of any business.

Yes. Foreign resident can become Director in Wholly Owned foreign subsidiary in India