A Singapore based company has approached EzyBiz India Consulting LLP for subsidiary company registration in India. This is second such offer received by EzyBiz India during the month of January 2023. The previous offer has been received from UAE based company which wants to set up manufacturing unit in the state of Gujarat.
Subsidiary of Singapore based company would be registered in the state of Bangalore, Karnataka. The parent company is engaged in the business of Software development, machine learning and artificial intelligence and is planning to start the Indian subsidiary with an authorized and paid up capital of USD 5 million which will be increased gradually. Parent company will hold 90% shares in the Indian subsidiary and balance 10% shares will be held by 5 software professionals.
EzyBiz India will provide complete handholding in the entire subsidiary company registration procedure. Right from applying for digital signatures to name approvals to drafting of memorandum and article of association to getting final certificate of incorporation. Further, post subsidiary company registration, it will also assist in opening of current account in bank, obtaining GST registration, MSME registration , labor law registration, applying for certificate of commencement of business and doing RBI and ROC compliance relating to receipt of FDI in India.
Further, it will also assist in all the post incorporation tax and regulatory compliance including audit and accounting and payroll etc.
This is an exciting time for investment culture in India as more and more foreign companies are setting up business in India. India is currently, 5th largest economies in the world and aspires to become USD 5 Trillion economies by end of year 2027.Every year, thousands of foreign companies are registered in India.
Although foreign companies have other options for setting up business in India, however, subsidiary company registration is one of the most popular and tax efficient entity structure in India for foreign companies as it allows foreign entities to retain the global brand in India as well. Further, it is subjected to lowest tax rates as compared to other entities. Further, there is no restriction on permissible business activities which can be done by subsidiary companies in India subject to some terms and conditions.
The entire process is online and can be completed by sitting at one place. Subsidiary company registration for entire India can be done by sitting at comfort of office or home. Further, the liability of shareholders is restricted to amount of share capital subscribed by them in the company.
EzyBiz India Consulting LLP has more than 20 years of experience in areas of India Entry Service, Tax and Regulatory, Transaction Advisory, Accounting and Payroll and with its qualified team of CA, CS, Lawyers and MBAs; it has assisted more than 100 global companies to set up their businesses in India in the form of subsidiary company registration, branch office, liaison office and Limited Liability partnerships.