Law Senate law firm being one of the leading corporate law firms of India it is providing corporate legal services for the benefit of foreign clients. India has become one of the most attractive investment destinations of the world for the purpose of manufacturing, IT enabled services, call centres, Technology sector etc., Hence many foreign companies want to make use of the low cost and big market benefit of India. Various states in India have started industrial estates and have announced various investment promotion schemes to attract foreign investors to India. In addition to that Government of India has announced various subsidies and concessions to the foreign investors who invest in India. Key sectors like manufacturing is put under automatic route of investment with 100% foreign direct investment. Hence the firm is offering the following corporate services for the benefit of the foreign companies investing in India.
Feasibility study report preparation:
The first step in exploring the possibility of investment in a foreign country is to study various factors including government schemes, strategical location for the business activity, tax structure, export import policies, availability of basic infrastructure, Government clearances, FDI check, Labour regulations, availability of market scope etc., In joint venture proposals these factors include due diligence of the JV partner also. The firm has a strong expertise in preparing the Investment feasibility study report, customised for the particular proposal. The team of the firm comprising of various experts including investment experts, taxation experts, FDI experts, Company law experts, employment law experts, Foreign exchange laws experts, arbitration experts, contract law experts etc., Hence the form is able to provide the best comprehensive services to provide a complete and accurate feasibility report to the foreign investors.
Incorporation of an Indian Company by a Foreign company in India:
A foreign company can start an Indian Company by way of a joint venture company or a 100% subsidiary company. Joint venture companies are started by foreign companies when the really require the assistance of an Indian partner in technology or marketing net work or financial contribution or any other local support to run the business effectively. When there is a limitation with regard to foreign direct investment then foreign companies must have a local partner. But unfortunately most of the joint venture companies formed in India have entered into legal problems. Hence most of the foreign companies which does not have a FDI limitation goes for a 100% subsidiary model. After such selection the company has to be incorporated as per the Companies Act. To start a new company in India the best model is a private limited company. To start a private limited company the following are the requirements:
It takes about 2 to 6 weeks time to incorporate a company in India. Such a registered company even though it is a 100% subsidiary company it is an Indian Company and not a foreign company. Hence tax rates for an Indian company are applicable. The firm assists parties in making an internationally enforceable joint venture contracts, do incorporation of the company etc.,â€‹
The foreign investor who wishes to start a company in India requires to apply and get permissions and approvals from various department including local governments, tax authorities, statutory authorities like pollution control board, fire department, urban development etc., before starting the activity in India. Even though such approvals have become simpler than earlier, it requires applications and follow up. The firm has experience in applying, complying with the requirements and securing such permissions for foreign companies.
Reserve Bank Permission:
Reserve Bank of India is the Central Bank of India which determines the Fiscal policies of the country including foreign exchange regulations. If a foreign investor gets a permission for an investment from Reserve Bank of India then the repatriation of funds become easier, while disbursing the dividends and while exiting. Since the Foreign Investment policies of the country are consistent and also predictable the Foreign investor need not worry or anticipate any sudden change. Even while investing in automatic route it is better to inform Reserve Bank of India in advance and get their approval.
Skip & continue
In Compliance with Indian Regulations, Kindly Review the User Acknowledgement and Disclaimer below and then Proceed.
By proceeding further and clicking on the "ACCEPT" button herein below, I acknowledge that I of my own accord wish to know more about Law Senate (LS) for my own information and use. I further acknowledge that there has been no solicitation, invitation or inducement of any sort whatsoever from Law Senate (LS) or any of its members to create an Attorney-Client relationship through this website. I further acknowledge having read and understood the Disclaimer below
This website (www.lawsenate.com) is a resource for informational purposes only and is intended, but not promised or guaranteed, to be correct, complete, and up-to-date. Law Senate (LS) does not warrant that the information contained on this website is accurate or complete, and hereby disclaims any and all liability to any person for any loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or any other cause.
Law Senate (LS) further assumes no liability for the interpretation and/or use of the information contained on this website, nor does it offer a warranty of any kind, either expressed or implied. The owner/Partners of this website do not intend links from this site to other internet websites to be referrals to, endorsements of, or affiliations with the linked entities. Law Senate (LS) is not responsible for, and makes no representations or warranties about, the contents of Web sites to which links may be provided from this Web site.
This website is not intended to be a source of advertising or solicitation and the contents of the website should not be construed as legal advice. The reader should not consider this information to be an invitation for a lawyer-client relationship and should not rely on information provided herein and should always seek the advice of competent counsel licensed to practice in the reader's country/state. Transmission, receipt or use of this website does not constitute or create a lawyer-client relationship. No recipients of content from this website should act, or refrain from acting, based upon any or all of the contents of this site.
Furthermore, the owner of this website does not wish to represent anyone desiring representation based solely upon viewing this Web site or in a country/state where this website fails to comply with all laws and ethical rules of that state. Finally, the reader is warned that the use of Internet e-mail for confidential or sensitive information is susceptible to risks of lack of confidentiality associated with sending email over the Internet.