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Overview

Corporate Leaps provides end-to-end services for setting up different types of firms / companies in India.

We also assist you with post formation compliances and regulations.In India, there are five types of business entities, namely:

  • Proprietorship firm

  • Partnership firm

  • Limited liability partnership firm

  • Private limited company

  • Public limited company

Along with choosing the type of company you also need to select the kind of entity that you wish to setup in India. Here is a quick look at the options available:

Liaison/ Representative office

Prior approval of Reserve Bank of India is needed for establishing liaison office in India.

A foreign company should also obtain Certificate of Incorporation from Registrar of Companies.
Main permissible activities of liaison / representative offices are:

  • Marketing / promotion of company’s products

  • Work as communication channel between company and customers / other agencies in India

  • Participate in conferences / workshops / Tender-PAC meetings

  • Import / export products and have technical discussions

  • Liaison office is barred from any commercial activity, directly or indirectly

  • Expenses of the office are borne by the parent company since they do not have any income of their own

Branch office

The Registrar of Companies (ROC) governs setup of a branch office and the foreign company has to register themselves within thirty days of commencement of business.

It also needs approval of Reserve Bank of India.
The main permissible activities of branch officesare:

  • Marketing/promotional activities

  • Provide technical support and after sale services

  • Import / export goods and carry on trading activities

  • If the company manufactures products then the branch office can carry out manufacturing in India through sub-contracting. Branch cannot undertake manufacturing activity on its own.

  • Software development / research work related to activities of the company

  • Remit remaining profit (after payment/provision of taxes due in India) after complying with RBI requirements

Project Office

here are number of foreign companies who have to execute short/long term projects in India.

These companies have now been allowed by Reserve Bank of India to set up their office and carry on activities only related to projects being executed by them. There is no specific permission required; they only have to meet specific guidelines defined by RBI. After completion of project, office can remit surplus funds to the company.

Our specialized team can undertake all the activities related to formation of a project office, liaison with concerned agencies and other related services needed during the life cycle of the project.

Joint Venture

Foreign companies can enter into a strategic alliance with an Indian partner by forming joint venture.

The advantage for the foreign company are they can avail infrastructure and marketing network facilities of the Indian partner

Wholly owned subsidiary

Following a defined process (as per Indian Companies Act, 1956) forms a wholly owned subsidiary in India.

Foreign company holds all the shares. It is a domestic company and all the Indian compliances and tax structures are applicable. Transactions of the company fall under Transfer Pricing if purchases from parent company are made.There is no restriction on the activities of the company and profits can be distributed among shareholders after payment of dividend tax.

Overview

Corporate Leaps provides end-to-end services for setting up different types of firms / companies in India.

We also assist you with post formation compliances and regulations.In India, there are five types of business entities, namely:

  • Proprietorship firm

  • Partnership firm

  • Limited liability partnership firm

  • Private limited company

  • Public limited company

Along with choosing the type of company you also need to select the kind of entity that you wish to setup in India. Here is a quick look at the options available:

Liaison/ Representative office

Prior approval of Reserve Bank of India is needed for establishing liaison office in India.

A foreign company should also obtain Certificate of Incorporation from Registrar of Companies.
Main permissible activities of liaison / representative offices are:

  • Marketing / promotion of company’s products

  • Work as communication channel between company and customers / other agencies in India

  • Participate in conferences / workshops / Tender-PAC meetings

  • Import / export products and have technical discussions

  • Liaison office is barred from any commercial activity, directly or indirectly

  • Expenses of the office are borne by the parent company since they do not have any income of their own

Branch office

The Registrar of Companies (ROC) governs setup of a branch office and the foreign company has to register themselves within thirty days of commencement of business.

It also needs approval of Reserve Bank of India.
The main permissible activities of branch officesare:

  • Marketing/promotional activities

  • Provide technical support and after sale services

  • Import / export goods and carry on trading activities

  • If the company manufactures products then the branch office can carry out manufacturing in India through sub-contracting. Branch cannot undertake manufacturing activity on its own.

  • Software development / research work related to activities of the company

  • Remit remaining profit (after payment/provision of taxes due in India) after complying with RBI requirements

Project Office

here are number of foreign companies who have to execute short/long term projects in India.

These companies have now been allowed by Reserve Bank of India to set up their office and carry on activities only related to projects being executed by them. There is no specific permission required; they only have to meet specific guidelines defined by RBI. After completion of project, office can remit surplus funds to the company.

Our specialized team can undertake all the activities related to formation of a project office, liaison with concerned agencies and other related services needed during the life cycle of the project.

Joint Venture

Foreign companies can enter into a strategic alliance with an Indian partner by forming joint venture.

The advantage for the foreign company are they can avail infrastructure and marketing network facilities of the Indian partner

Wholly owned subsidiary

Following a defined process (as per Indian Companies Act, 1956) forms a wholly owned subsidiary in India.

Foreign company holds all the shares. It is a domestic company and all the Indian compliances and tax structures are applicable. Transactions of the company fall under Transfer Pricing if purchases from parent company are made.There is no restriction on the activities of the company and profits can be distributed among shareholders after payment of dividend tax.