Setting Up Your Business
Setting up a business in India | Steps to Register new Firms | Incorporations of a new firm | GST Registrations | Tax Deduction Number | Permanent Account Number.
India climbed another 23 points in the World Bank’s ease of doing business index, becoming the top-ranked country in South Asia for the first time and third among the BRICS. Depending on the nature of the business to be performed, there are various entry options for a foreign investor to set up a business in India, such as a Private Limited Company, Limited Company, Limited Liability Company, Branch Office, liaison office, etc. Also, Indian law allows foreign citizens to become full-time directors or shareholders in the entity; however at least one of the Directors/Partners should be a resident of India. KSA has the expertise of local knowledge who can help you find the best suitable options and to navigate these complexities.
Registration of Company/LLP Type of Companies
Private Limited Company
Private Limited Company is the most prevalent and popular type of corporate legal entity for business in India. A private limited company can be registered with, a minimum of two shareholders and two directors. An Individual can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
Private Limited Company
- 1. It is flexible and has limited liability of Shareholders
- 2. Separate Legal Entity
- 3. Perpetual Existence
- 4. Greater capital contribution and greater stability
- 5. Possibility to grow big and expand
- 6. Owning Property
Get in touch with us to know more about private limited company registration and business start-ups.
Public Limited Company
Limited Company is second most prevalent and popular type of corporate legal entity for business in India. A limited company can be registered with, a minimum of seven shareholders and three directors. An Individual can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment.
Limited Company Features
- 1. Limited liability to Owners and Management
- 2. Easy Transfer of ownership
- 3. Separate Legal Entity
- 4. Perpetual Existence
- 5. Stringent Regulatory Requirements
- 6. Greater Borrowing Capacity
- 7. Greater capital contribution and greater stability
You can get consultation for private limited company registration and business start-ups by scheduling an appointment with an KSA Advisors.
Limited Laibility Partnership
The main advantage of a Limited Liability Partnership over a traditional partnership firm is that in a LLP, liability of partners is limited, similar to that of the shareholders of a private limited company. However, unlike private limited company shareholder, the partners of a LLP have the right to manage the business directly.
Limited Liability Partnership Features
- 1. Limited liability to Owners
- 2. Easy Transfer of ownership
- 3. Separate Legal Entity
- 4. Owning Property
Schedule an appointment to know more about Limited Liability Partnership registration and business start-ups
One Person Company
One Person Company is the concept introduced for entrepreneurs who are capable of starting a venture by allowing them to create a single person entity for business in India.
Limited Liability Partnership Features
- 1. One Person Company Features
- 2. SOnly One Member is required to create OPC
- 3. Separate Legal Entity
- 4. Limited Liability
- 5. Required to Nominate a nominee Director in MOA & AOA
- 6. Must be converted into Pvt Ltd Company if turnover exceeds Rs. 2 Crore
Schedule an appointment to know more about One Person Company (OPC) registration and business start-ups.