India is currently one of the fastest growing economies in the world, and it ranks third in the world in terms of evaluated purchasing power. Meantime, India is the second largest population in the world, and its large middle class also contributes to India.
For Company address, it is common that having too many companies register at the same address will cause trouble with the authority. Therefore you will need a physical address (to your own). However, you may stay with our registered address for incorporation as a reasonable set-up period of the Company. We recommend and strive for more favorable and high-quality services for our customers. However, the incorporation procedure is rather simple and straight-forward.
Requirement for India Company
|Proposed company name||English|
|Minimum share capital||INR 100,000|
|Minimum shareholder||2 Natural persons|
|Minimum director||1 Natural person*|
*At least one of the directors must be ordinarily resided in India.
India company requires at least 1 resident director in India, who will be the sole responsible person of the Company. It is recommended for you to hire your own director in India, but we do provide nominee director service if needed.
Taxation and Accounting
The India company must prepare its account, complete audit and file for tax every year. Accounting and Bookkeeping service is charged on time required basis, which can only be quoted with the business nature and turnover size.
GST Registration Requirement
The Company will be required to register for GST if the turnover exceeds INR 2,000,000. However, it is recommended to complete the GST registration at incorporation to enjoy the tax deductions for expenses.