Hi Everyone,
We have one requirement where the investor is US resident and he want to open company in india so basically i need to know what are the additional compliance or requirements.
1.Company Registration
2. foreign investment
Amit Modi (Partner) (22 Points)
03 October 2019Hi Everyone,
We have one requirement where the investor is US resident and he want to open company in india so basically i need to know what are the additional compliance or requirements.
1.Company Registration
2. foreign investment
CS MOHIT SALUJA
(PRACTICING CS Jalandhar 9914558709)
(5155 Points)
Replied 15 February 2020
For company registration, main requirement is to get all documents of foreign national be attested from ambassay of the foreign country where the foreign national resides which is called embossing of documents
the next step is to see CAP of investment to be made in the company and to follow the FEMA Compliances by liaising with concerned RBI.
You can have all documents and checklists from website www.corporatedrafting.com and can follow link at https://corporatedrafting.com/product-category/document/compnies/company-incorporation/private-limited-companies/
Vishal P
(2 Points)
Replied 01 October 2020
Hi, first thing you will need to do is incorporate the company.
1. Company Incorporation
The best suited entity for any foreigner who wants to invest in India is a Private Limited Company. The documents of the foreign national needs to be Notarized and apostilled in that particular country.
Documents required for each director and shareholder of the company
For each Director and Shareholder:
Please note that these documents should not be more than 2 months old
Notarizing and apostilling of documents: (not required for Indian resident)
For the registered address:
2. RBI Compliance for the foreign money that comes to India
Once the company incorporation is completed, the foreigner needs to transfer the amount in the companies bank account and once that is completed the shares will be allocated to the foreigner.
Once this above process is done, FCGPR needs to be done, in which the company secretory informs RBI about the funds received by the company. along with a CA certificate.
once these things are done - you are good to start the business.
If you need any help reach out to us at Wazzeer.com