How to register a company in India from France? – A complete guide

Introduction

In India, registering a business is a quick and easy online process. There are numerous advantages for foreigners who want to start a business in India. India is an excellent business location because it is the world’s fastest-growing country and the sixth fastest-expanding economy. A large number of experienced professionals, government support for business-friendly regulations, favorable foreign policies, and a competent workforce are just a few of the factors that make Company Registration in India easier. Here in this article, we will look into the information on the benefits of Company registration in India from France, “How to register a company in India from France?”, and Entry strategy for company registration in India.

Entry strategy for company registration in India from France

In India, France company or french can form a private limited company, a public limited company, or a Limited Liability Partnership (LLP). In most sectors, private or public limited companies allow FDI into India via the automatic route. The LLP only allows FDI via the automatic route in sectors or activities that allow 100% FDI via the automatic route.

According to FEMA guidelines, FDI is not permitted in any other type of business, such as a sole proprietorship, partnership, or one-person company. As a result, NRIs and foreign nationals cannot establish a partnership, sole proprietorship, or one-person company in India.

A French company or French individual can establish a public limited company if there are at least seven investors in the venture, as it requires a minimum of seven members. A Private Limited Company with only two members can be established by a french promoter. A Private Limited Company has a maximum of 200 shareholders, whereas a Public Limited Company has an unlimited number of shareholders.

Benefits of a company registration in India from France

Below is the 5 prime Benefits of a company registration in India from France:

Comprehensive Taxation

India has a vast network of tax treaties. Furthermore, the Indian tax system has recently been modified by the Direct Taxes Code as well as the Goods and Services Tax (GST) to facilitate doing business.

Low operating expenses

There is a noticeable reduction in operating costs, from infrastructure to phones to the internet to labour to salaries to anything else required to start a business. Furthermore, workers are willing to work for a low wage. Not only that, but India’s tax policies are very moderate in comparison to other countries, which may reduce the cost of doing business.

Indian Economic System

India has a well-regulated financial system that has access to developed markets all over the world and can be financed through a variety of sources subject to RBI rules and regulations, among other things.

Larger trade network in India

India has a large network of technical and management institutions of the highest international standards, which are supported by regional and bilateral free trade agreements. Furthermore, there are numerous trading partners with whom to conduct business. These institutions produce high-quality human resources.

Initiatives of the government

The Indian government has launched a number of initiatives to attract foreign investment in India’s various sectors. It has periodically announced a number of enticing schemes and policies in order to entice investors. Individual ministries have made special efforts to ease the rules and regulations governing foreign investment in their respective industries.

Documents required for registering a company in India from France

• Notarized ID proof of all the Foreign Directors/shareholders
• Notarized address proof of the Foreign Directors/shareholders
• Photograph of all the shareholders and directors
• Notarized Address proof of a registered office of the Parent Company
• Notarized Incorporation Certificate of the Parent Company
• Address proof of a registered office of the Subsidiary Company in India

Specific Requirements:

• The utility bill as address proof shall be submitted to ROC.
• A company must have a registered office in India.
• The use of a rental office as a registered office of a corporation requires a letter of authorization from the landlord.
• Utility Bill/Bank Statement shall not be older than 2 months.

How to register a company in India from France?

The procedure for registering a company in India from France is similar to that of incorporating a company by Indian directors and shareholders. The steps are as follows:

• DSC is required for proposed NRI and foreign national directors.
• Proposed NRI and foreign national directors must obtain DIN registration through the MCA (Ministry of Corporate Affairs) portal, as well as file Form SPICe+.
• Upload all company documents, including the e-MoA and e-AoA.
• Following verification of the application and documents, the Registrar will issue the Incorporation Certificate.

Formalities Following Incorporation:

Following the registration of the company in India, the Indian Director can assist in the opening of a bank account for the company in India. After opening the bank account, the company must report FDI to the Reserve Bank of India. The procedure for reporting FDI inflow into the company is straightforward, and it is easily completed by a legal or accounting professional in India. Completing the FDI reporting ensures that the company is in compliance with all Indian regulations and ready to operate.

Conclusion

Opportunities in India have attracted a large amount of Foreign Direct Investment into the country, and the amount of FDI inflow continues to increase each year as a number of foreign businesses establish operations in India. The government of India has launched a number of initiatives aimed at making doing business easier. This will make it easier for a French company to register a company in India.