Setting up a business in India involves various steps, however the process can broadly be classified into three steps:
Every person desirous of forming a company in India needs to comply with specific steps. The procedure for company formation in India is mentioned in below:
A Foreign Branch Office is really a 100 % functional branch of the parent company in India. It may carry out any business activity within India as permitted by Reserve Bank of India, except manufacture of items.An International Branch Office is responsible to pay income tax on any income produced through its operations in India.
If you are looking for opening a representative office in India for representing your organisation in India or for marketing and liaison purposes then Foreign Liaison Office is the best suited for your organisation. The main benefit of liaison / representative office is that it is not liable to any taxes in India as it is not undertaking any business activity in India. Its scope of work is limited to liaison and marketing for parent company. It is however required to deduct tax at source wherever applicable.