Canada and India share an English common law and, hence, their Legal heritage, and legal systems are nearly comparable in several ways. This makes it easier for a company registration in India from Canada. India is a place of boundless possibilities and talented labour. It has never been easier, cheaper, or faster to invest and start a business in India.
Anywhere in India, a totally owned Indian subsidiary can be established. There are no state-specific laws for registering business in India. The Indian Subsidiary is governed by a single central statute that applies throughout the country. You only need a resident Indian director (who does not have to be a shareholder but can be an employee) and a rented (virtual) office space to get started. Complete ownership, strategic decision-making, and operational control remain with your parent firm.
Suggested read: Double Taxation Avoidance Agreement (DTAA) in USA and India
Requirements for Company Registration in India from Canada
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A minimum of two shareholders are required for an Indian subsidiary company. Shareholders can be individuals, businesses, or a combination of the two.
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The Company must have at least two directors in order to be incorporated. At least one of them should be an Indian citizen.
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The Parent Company is required to own more than 50% of the entire equity share capital.
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In order to establish an Indian subsidiary company in India, there is no minimum capital needed.
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Business Place and Permissible Business Activity.
Why Ebizfiling for the Company Registration in India?
There is numerous interest among foreign companies to start their operations in India and tap into one of the largest and fast-growing markets and have access to some of the best human resources in the world. Cities in India like Pune, Bengaluru, Hyderabad, and Ahmedabad are becoming popular IT hubs for starting an IT company in India.
At Ebizfiling, we have a separate wing of experts handling matters for Indian Subsidiaries, providing you with expert help at every stage of the process and also after that. Planning to Start a New Business in India? Kick Start your venture in India.