Incredible India has become the hot spot to start a business amongst NRI and OCI. India is the fastest growing economy currently and is ever developing country for decades now. India is a promising destination to start a new business. Currently the manufacturing sector is booming and also backed up by vast skilled and cheap labor, consumption demand remains strong and hence, the investors gets attracted towards company registration in India and to invest in the country.
Not only this but for making India a place for “Ease of doing Business” the Government has always tried to make it easy for not only Indian residents but also for the NRIs or OCIs. The Ministry of Commerce and Industry created the Foreign Investment Promotion Board (FIPB) to bypass all the difficulties of doing business in India and ensure smooth sailing to all potential foreign investors.
The following are the ideal business structures through which Non-Resident Indians can register a business in India:
However, In case of the ‘Non-resident Indian’ (NRI), and Overseas Citizens of India (OCI), the Private Limited Company registration in India could be considered as the ideal kind of business that could be registered in India.
Read in Detail: Schedule 4 of Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017.(PDF)
Registration of a Private Limited company in India is complete an online process. Recently the MCA has replaced the earlier SPICe form with a new web form called SPICe+ (SPICe Plus). Hence, Incorporating a Private Limited Company is even easier now.
Now you can Incorporate a Private Limited Company, with a Single application for Name reservation, Incorporation, DIN allotment, Mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra), and Opening of Bank Account.
You may either choose to submit Part-A to reserve a name first and then submit Part B for incorporation & other services or you can File Part A and B together at one go for incorporating a new company and availing the bouquet of services as above.
Nationality |
NRI |
OCI |
Proof of Nationality |
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Identity Proof |
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Residence Proof |
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Registered office Proof |
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In Case of Signing from India |
– |
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In Case of Signing from outside India |
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In the case of dividends paid to non-resident shareholders, taxes are to be deducted at rates in force under Section 195 of the IT Act.
Suggested Read: why would it be a good move to start a business in India?
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Hi Gopesh,
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hello
I am Naveen Reddy. Resident of Sweden I need help to register a company in Hyderabad along with my partner who resided in Hyderabad.
can you provide your contact number to talk on this ?
Thanks
Hi Navin,
Thank you for your inquiry!
The team will get in touch with you soon. Meanwhile, you can get in touch with Ebizfiling on +919643203209 / info@ebizfiling.com
Hi, I am an OCI and want to open up a company in Punjab.
Hi Tejinder,
Thank you for your inquiry!
The team will get in touch with you soon. Meanwhile, you can get in touch with Ebizfiling on +919643203209 / info@ebizfiling.com
Hi
We are 3 NRIs who wants to establish a company in India. Does one of the directors have to be a resident of India. What are the rules around this topic.
Tyson.
Hello Tyson,
As per the norms, it is mandatory that one of the directors must be an Indian Resident. For further assistance, please call us at +919643203209 or mail us at info@ebizfiling.com.