Biz Integrated
Integrated Business Services
How Foreign Nationals / NRI’s can setup a Business in India
3 months ago
Business Setup in India by Foreign Nationals / NRI
In this article we are highlighting points for Foreign Nationals / NRI’s can setup a Business in India This is for the regulatory aspects for setting up/ incorporating business in India by Foreign nationals / NRIs in light of the changed regulatory environment in the past few years. It aims to cover areas related to Foreign Direct Investment (FDI) policy and RBI Circulars, Companies Act, 1956 for Indian as well as Foreign Companies.
Foreign Direct Investment (FDI)
It is to be noted that the capital to be invested by the Foreign National / NRI shall be classified as ‘Foreign Direct Investment’ (FDI) in India. Before the economic liberalisation in India in the 1990s, there were a high number of restrictions for FDI in India. Gradually, the restrictions have been watered down to a great extent and currently the restrictions are in place for only those business activities that are strategic to the interests of the country or are politically sensitive issues such as Retails trade, Defense, Telecom, Real Estate etc.
FDI is classified into:
Business sectors where FDI is not allowed at all
Business where prior permission is required from the Foreign Investment Promotion Board (FIPB)
Business where no prior permission is required.
Please note that in all case, once the FDI is received and accepted by the Recipient Company, an intimation is to be sent to the Reserve Bank of India(RBI) in Form FC-GPRS within a month of allotting the shares to the foreign shareholder.
Thus the first place for any foreign national or any Non-Resident to look out for is the FDI policy. He has to first understand if there are any restrictions, prohibitions in the proposed business activity and then move forward to the company formation process.
Foreign Investment Promotion Board (FIPB)
The FIPB is the high level body which approves investments which require prior approval through a single window clearance system. The FIPB has some of the topmost officers and secretaries as its members.
An online application is to be made and when the case is put up for discussion, the investor or his appointed professional can make a presentation. Please note that the FIPB is a highly transparent mechanism and it is indeed very fair to the investors.
Once a person is clear with the FDI rules applicable to the proposed transaction, then he can decide on the nature of business entity that he wants to set up.
Types of Entities
It can be noted that FDI is not allowed in India in the form of sole proprietorship or partnership businesses except that NRIs are allowed to do so on non-repatriable basis.However it may not be advisable to opt for that route. Also, FDI is not allowed in trusts and non-governmental organizations except that of Venture Capital trusts. The options that remain are individually discussed below:
1. Liaison office:
This is most suitable for companies who neither have nor see much of a presence in India. Liaison offices are extremely restricted in what they can do and are mainly set up as a communication medium between the Foreign company and its existing customers in India. A Liaison office can’t solicit customers nor indulge in any form of promotion. They can’t carry out business operations in India. At the cost of repetition, their role is merely to act as a communication medium between the Foreign Company and the existing Indian customers.
Because of its limited role, the compliance to be completed by a Liaison Office are the least. The biggest advantage is in income taxes where the provisions of Permanent Establishment and Transfer Pricing may not be much of a concern since the Liaison office does not earn any income as such.
2. Branch Office:
This is the next step towards a full fledged branch business presence in India. A branch office in India can execute most of the tasks that a Limited Company can execute except manufacturing. A Branch Office acts as a branch of the foreign company, be its permanent establishment under the tax laws and can earn income from business operations. Recently the RBI has tightened the norms regarding who can open a branch office in India. One of the criteria is that the Foreign Company intending to open a branch office in India should have a track record of at least 5 years of profit making.
3. Project Office:
A Project office is like a temporary branch office set up for a particular project.
4. Limited Companies:
A Limited company can have a full fledged presence in India. Unlike the previous three entities which are technically called as Foreign Companies, a subsidiary company is called an Indian company. The compliances are also greater than a foreign company.
5. Limited Liability Partnership (LLP):
Recently the Government has allowed Foreign Direct Investment through Limited Liability Partnerships (LLPs). However the policy change seems to have been made for name’s sake and the conditions that accompany the investment in LLP have been made very stringent. For all practical purposes, one needs to wait for further clarity. Till then FDI in LLP shall be advisable only for a very limited set of investment proposals.
First thing to note is that FDI will be allowed only in those companies where 100% FDI is allowed through the automatic route and there are no FDI-linked performance related conditions.
Automatic approval route means no prior permission from the Government/ FIPB is required. FDI-linked performance related conditions meant that in sectors, where conditions like minimum capitalization, compulsory disinvestment after a few years etc are prescribed; even though 100% FDI is allowed under automatic route, LLP’s will not be allowed to bring FDI with the approval of Government of India.
No FDI shall be allowed in agricultural/plantation activity, print media or real estate business.
Procedures to setup a Branch, Liaison or Project Office in India
1). The first step is to approach the Reserve Bank (RBI) of India for permission to do so. The documents that are generally required are Parent Company’s Annual Report for last three years, Certificate of registration, License, Power of Attorney attested by the Indian embassy in the home country, Board Resolution, reason for setting up an office in India etc.
2). If the RBI is satisfied with the above documents, then it gives a letter of approval .Kindly note that the approval letter from RBI may contain some conditions and which are to be observed in the strictest sense. The permission may be for a particular time period , generally three years.
3). Once the permission from the RBI is obtained, then the permission is required from the Registrar of Companies in a single form along with payment of the requisite fees.
4). The entity is known with the extension of the particular office. For example, the branch office in India of ‘ XYZ Inc.’ would be known as XYZ Inc. India Branch Office.
5). One important thing to be noted is the appointment of an Authorized Signatory in India. He shall be responsible for all the compliances of the Foreign Company in India
Business Setup by Foreign Nationals / NRI Flow Chart
BizIntegrated-Business Setup by Foreign Nationals / NRI
Company Formation in India
5 months ago
by Bizi
in Company Registration
Company Formation in India
The company formation in is according to the Companies Act of 1956 sets down rules for the establishment of both public and private companies. The most commonly used corporate form is the limited company, unlimited companies being relatively uncommon.
For company formation is by registering the Memorandum and Articles of Association .This registering is with the State Registrar of Companies of the state in which the main office is to be located.
Foreign companies engaged in manufacturing and trading activities abroad are permitted by the Reserve Bank of India to open branch offices in India for the purpose of carrying on the following activities in India:
To represent the parent company or other foreign companies in various matters in India, for example, acting as buying/selling agents in India, etc.
To conduct research work in which the parent company is engaged provided the results of the research work are made available to Indian companies
To undertake export and import trading activities
To promote possible technical and financial collaboration between Indian companies and overseas companies.
For Company Formation
First Step is Approval Of Name of Company
Memorandum of Association and Articles
Certificate of Incorporation
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Virtual Office in Pune
5 months ago
BizIntegrated virtual office is a combination of off-site live communication and address services that allow companies to reduce traditional office costs while maintaining business professionalism.
- The Communications services offered by BizIntegrated Virtual Office
- Local Office Address :- Virtual office gives you a chance to own a high profile reputed address in Pune city
- Company Name Plate Entrance :- used as the business address
- Landline Telephone Number
- Letter Receiving & Forwarding :-The professional address can be used for accepting, sending and forwarding mail without the contations of a PO Box
- Landline Fax Number
- Receive Visitors :-BizIntegrated virtual office
- Attend Phone Calls – General :- BizIntegrated virtual office
- Attend Phone Calls – Personalized :- Answering services/call centers operate from a centralized location for the purpose of receiving and transmitting a large volume of requests by telephone.
- Parcel Receiving & Forwarding :- Receptionists at the business address can receive and sign for incoming overnights, deliveries, packages and provide document drop-off/pick-up services.
- Minimum Contract Duration in months BizIntegrated virtual office
Along with BizIntegrated virtual office ,BizIntegrated Office Space is also provide following on rental basis
- Business Meeting Space – The on-demand use of conference rooms and offices for meetings. Meeting space can often be rented at short terms
- Casual Workspace – As an alternative to the distractions of co-working or the interruptions of a home office, office space is available on an occasional or “drop-in” basis.
- Executive suite – Companies also can take office space on rent Basis at BizIntegrated virtual office for full-time lease or short time lease
- BizIntegrated virtual office On-site amenities – A full-service BizIntegrated virtual office will provide broadband Internet, fax-copier-printer, advanced phone features, conference calling, video conferencing, and a business-worthy lobby/waiting area.
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Serviced Office to Rent and Virtual Office services Pune
5 months ago
BizIntgrated Serviced Offices are offices which is fully managed,furnished and equipped, which is specialized in providing all facilities that a basic or advanced office would need. These Serviced Offices is at KK Market whrere all facilities vailable on rent basis which required to run a Business smoothly.BizIntegrated is a working as facility management. The serviced office space and business centres are also rendered by BizIntegrated. Many options are available for business centre, which will be fully furnished and maintained in all facets of office requirement. Your business will get dedicated administrative support by BziNtegrated Serviced Office Solution. BizIntegrated Serviced office space have developed themselves according to present world technologies. They also offer telecom and IT solutions expanding your business miles farther. BizIntegarted is also provide Virtual Office where you get telecom and temporory address facility using IT and Serviced office.
BizIntegrated serviced office market is the leading office space provider group which started from KK Market to offer serviced offices. BizIntegrated Pune serviced offices are emerging with multiple disciplines to enhance professionalism and functionality your business infrastructure. This is providing executive office space solutions in Pune. Executive office suites provided by Pune Serviced Offices companies are kept up from basic needs to advanced official needs of your business. All maintenance like fire safety and security of your office building, even of recruting and training of employees is considered by BizIntegrated serviced offices. BizIntegarted serviced offices are also equipped by all kind of operational needs of offices. Operational needs by Pune serviced offices include help desk, conference and meeting room, office space planning, Reception, Waste Management, Cleaning, Environmental Issues and daily inspection of all those facilities given to serviced office space. This ensures the best services BizIntegrated Pune serviced office has been provided to you, and is up to date for your business. BizIntegrated Virtual Office is facility of BizIntegrated serviced office. Pune serviced office virtual provide you virtual assistance to your business. It keeps away you from all kind of unnecessary paper work and your demand is accomplished with more efficiently and fast with no stress on you.
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Serviced Space in Pune
5 months ago
BizIntegrated serviced office is website where you can get detail about serviced offices,Virtual Office ,Company Formation,Consultancy services like Accounting & Secretarial services, Legal and BPO services in the Pune. This is for who starting a new business, Startsups, Branch Office , Virtual Office, Developement center for which need of an office. This office space is suitable for your business operations, such as holding important business meetings, establishing your business and maximizing the output from your staff. All requirements and demands of your business will be executed as soon as possible with no delay. BizIntegrated serviced office do their best to fulfill your all needs. Extra space to your office executive space,refurnish your office space will be done with full dedication. These are the jobs of BizIntegrated serviced offices companies and they encompass it. It concludes that a serviced office will keep your office an executive world class managed office while you can concentrate on your business deals and work. It will reduce stress which comes when you have to keep all things in a good manner So, why not this work should be given to these BizIntegrated serviced office, it will reduce your investment in managing your company and will increase your business productivity and efficiency. So, if your business is looking for office space in ,you had better to get a BizIntegrated serviced office.
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BizIntegrated Budget office Space Pune -Shared,Furnished,& Serviced Office
5 months ago
by Bizi
in Business Center Services
BizIntegrated Budget office Space Pune -Shared,Furnished,& Serviced Office
At BizIntegrated shared office space in Pune,India.This is budget office space on rent available at KK Market.This office space is offered in unfurnished or Furnished office in rent.This is office which is fully equipped with workstation , Broadband Internet connectivity and with 24 Hour service support team which is ready to serve your business need.The office provided with Shared Reception which gives proffessional experience like a corporate company.The offices is Shared IT infrastucture and internet Facility which is low start up costs.The office space is available with flexible rent short or long terms. The office space is gives your buisness Access to business centres worldwide
BizIntegrated budget office space is avilable with budget office suites which are customerized according to need of your business.All this facility is managed by a facility management company, which then rents individual offices to companies. BizIntegrated office Space is flexible office space, which allowing for additional space to be allocated at short notice, should the size of an individual business change. Serviced office provided with share reception services, business machines and other resources, providing reduced costs and access to equipment which may otherwise be unaffordable.
BizIntegrated Serviced offices, which are available for rent in Pune .BizIntegrated managed offices, business centers, executive suites or executive centers, are found in the various option according to your business requirements We are serviced office will help in your growth and expantion by offering budget serviced office space on rent or lease.We are offering serviced offices are offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases.
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Benefits Of Leasing or renting Serviced Office Space
5 months ago
Benefits Of Leasing or renting Serviced Office Space
BizIntegrated serviced office space one Stop shop for serviced office space lease and renting office space ,virtual office space ,zero rental office space,virtual office services,shared training center in Pune ,India.BizIntegrated serviced office space is offering services office space at KK market in Pune ,India.
BizIntegrated serviced Office Space has following number of benefits for rent or to lease serviced office space in BizIntegrated serviced office space
- BizIntegrated serviced office space providing serviced office space are offered serviced office space to you much more accommodating rental terms which far more flexible as compare to other serviced office space services.
- BizIntegrated serviced office space offer servicedd office space on rent or lease basis so no investment expense since the serviced office space is equipped with telecommunications equipment and broadband internet connectivity.
- BizIntegarted Serviced offices space enable renters to share company equipment along with other resources, delivering lowered expenses and usage of equipment, which might otherwise be too expensive.
- BizIntegarted Serviced office space amenities consists of security guards and proffessional reception areas which gives company a great established professional impression.
- BizIntegrated serviced office space provide with Meeting Rooms, Conference Rooms, break out areas and secretarial/mail handling support which are chargable.
- Our Serviced Office Space is flexible and customerized, allowing for additional space to be allocated at very short notice, should the size of an individual business change.
- There is not any long term commitment needed
BizIntegrated Serviced Office Space is available especially Start-up businesses and small scale representatives of large companies,Branch office,Development center,Shared Training center, Meeting Room, Conference Rooms on rent.
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Development Center
5 months ago
Development Center
BizIntegrated serviced office space enable Indian & foreign companies to open their Development center in Pune, India with minimal investment and well managed, time tested business processes.Along with BizIntegrated office space and services for: Shared Training Center, Virtual Office India, Business Center Pune,Accounting & Secretarial services, Legal and BPO services.
By this above Business services are help Indian and Foreign company to open their developement center for recruiting ,training employees.This will be done with use of advanced techniques which will reduce cost of hiring and training with same time recruiting right empoyees.for this development BizIntegrated Serviced office will act as your Development center in India equipped with IP Cameras, Video Conferencing & Remote Desktop management tools.
You can provide your requirements for hiring a developer to our HR & Training department, they will advertise, shortlist and arrange Video/Telephonic Interviews with your Project Manager. You can select an give offer letters to the employees.
In this developement cetre your Developers will be provided with a professional workspace at BizIntegrated Serviced Offices along with all facilities (normally possible in large corporate office only).
This developement center can monitor and manage your employees directly using several sophisticated systems provided by BizIntegrated. This include multiple IP cameras with Pan Tilt Zoom functions, Biometrics Attendance management system, Desktop monitoring and control tools, Webcam and video conferencing system, Virtual Private Network, Cloud Computing and Network monitoring software.
All these systems along with services of BizIntegrated allow you to operate a Remote Development Center in India without need for outsourcing to a local software development company. You can benefit from the lower cost of manpower with a loyal workforce and complete control on your intellectual property.
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Executive Office ,Pune Office space
5 months ago
Executive Office ,Pune Office space
BizIntegrated executive Office space ,Pune Office Space in pune is available for rent KK Market in pune city prime location.This executive office space s are provided with advanced facilities and furniture accordint to your business need.This Business centers provides executive office rental basis in Pune city with number of business services for new businesses including Company Formation, Serviced Offices, Virtual office, Accounting & Secretarial services, Legal and BPO services. BizIntegrated is one-stop shop for Small Business needs: – Serviced Office Space / Virtual Office – Shared IT Infrastructure & services – Shared Training Center – Company Formation, Accounting & Taxation – HR Services – Recruitment, HR Processes – Legal Services – Check Bounce, Agreements, Registration.
This executive office offers in number of option to rent or lease like Long term office lease or Short term office lease.
This execuitve offices are also ideal for opening branch offices with getting permanant address with minimum staff.This execuitve offices are provided with meeting rooms and Conference rooms which are available on hourly rent basis.
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