Register Company in India - Block3 Finance
To register a company in India with Block3 Finance is a hassle-free process. The Government of India has introduced several amendments to its original incorporation rules, which have made it easier to do business in the jurisdiction. The simplified registration process has facilitated the development of a pro-business environment to encourage greater entrepreneurship and boost foreign investment. This is one of the many reasons why India has been a prime spot for companies to incorporate today. With our lean-and-mean mentality, you can rely on our team of experts to provide you with a seamless experience throughout the whole process to register a company in India. Our ultimate goal is for your Indian company to be operationally ready within the stipulated time frame.
Our Service Package Includes
Company registration with the Ministry of Corporate Affairs
Local company secretary and registered address
Nominee director
Corporate bank account opening
Financial license applications
Annual accounting and tax services
How Long to Register a Company in India and Open a Corporate Bank Account?
Block3 Finance will complete the process of Indian company registration within 2 weeks. After receiving the required due diligence documents of the directors and shareholders, we will proceed to check the availability of your preferred company name and prepare the required incorporation documents.
Throughout the process of registering a company in India, we will offer non-travel solutions that are meant to be convenient for you.
After the setup is completed, we will courier the documents of your new company to your preferred address. The documents will include the Certificate of Incorporation as well as the Memorandum of Association. After completion of company registration in India, Block3 Finance will open a bank account for your company. This will take around 4 weeks to complete.
Even during the opening of the bank account, we will seek to provide you with non-travel banking solutions. Within 6 weeks from our engagement, you can expect your company to be fully set up and ready for business.
Can a Foreigner Register a Company in India?
Yes, foreigners are allowed to set up business in the jurisdiction and have 100% foreign ownership of their company. Even though these companies must have at least one resident Indian director, it is still the fastest way to enter the Indian market. Satisfying this resident director requirement is easy since Block3 Finance provides nominee director services for our international clients looking to set up a company in India and carry out foreign business in the country.
New business registration in India can also be done by choosing to register a company in India in the form of a branch office, liaison office, or project office. However, they will need to wait for governmental approval or approval from the Reserve Bank of India. Additionally, this option is only available to stakeholders (individuals cannot open such foreign offices).
Types of Business Structures to Register Company in India
Sole Proprietorship: The simplest business structure, a sole proprietorship does not separate the legal personalities of the owner and the business. The owner is personally liable for business debts.
Partnership: Two or more individuals join forces to own and manage a business. Partnerships can be general or limited, with limited partners enjoying restricted liability.
Limited Liability Partnership (LLP): A hybrid between a partnership and a corporation. LLP partners have limited liability and are not liable for business debts beyond their share.
Private Limited Company: A separate legal entity with shareholders and limited liability. At least 2 but no more than 200 shareholders are required. At least one director must be a resident in India.
Public Limited Company: Similar to a private limited company but can offer shares to the public. Requires at least 7 shareholders and 3 directors, with stricter financial reporting and regulatory requirements.
Branch Office: A foreign company can establish a branch office to conduct business activities in India under the parent company’s laws.
One Person Company (OPC): A company designed for sole entrepreneurs with limited liability, but it is only available for residents of India.
NGOs (Non-Governmental Organizations): Formed for social, educational, or charitable purposes, NGOs have specific registration procedures for non-profit organizations.
How to Register a Company in India
1. Choose a Suitable Business Entity: After understanding your business goals and activities, our team of dedicated consultants will recommend the most suitable entity for you.
2. Reservation of Company Name: We will reserve your preferred company name with the Indian Registrar of Companies (ROC) through the Ministry of Corporate Affairs (MCA) portal.
3. Preparation of Supporting Documents: We will require certain documents such as identification proof, proof of registered office address, and Memorandum & Articles of Association. These documents will be drafted and notarized accordingly.
4. Filing for Registration: We will proceed to file for registration with the Ministry of Corporate Affairs (MCA). Our team will assist with the Digital Signature Certificate (DSC) and Director Identification Number (DIN) requirements.
5. Corporate Bank Account Opening: After registration, Block3 Finance will assist in opening a corporate bank account with reputable banks in India such as State Bank of India, HDFC Bank, Bank of Baroda, and ICICI Bank.
6. Financial Reporting and Taxation Obligations: Our team will manage your accounting, tax filings, and bookkeeping. We will assist with GST registration and ensure compliance with financial reporting standards in India.
Advantages of Registering a Company in India
Ease of Doing Business: The process is relatively simple, and the Indian government has made it easier to start and operate a business.
100% Foreign Ownership: Foreigners can own 100% of their company in most sectors.
Low Corporate Tax Rate: The corporate tax rate for businesses is competitive, with tax holidays available for certain industries.
Vibrant Market: India has one of the fastest-growing economies, making it a prime destination for business opportunities.
Disadvantages of Registering a Company in India
Regulatory Complexity: The legal and regulatory environment can be complex, and compliance is mandatory.
Language Barriers: While English is widely spoken, local languages may pose a challenge when dealing with local authorities.
Political Instability: Occasionally, political tensions and protests may affect business operations in some areas.
Looking to Register a Company in India?
Block3 Finance will be your one-stop solution for registering a company in India. Our services include company formation, registered agent, registered address, and business bank account opening.
Contact us to know more about how to register a company in India. Our dedicated and experienced team will revert within the next 24 hours and answer all your queries.
