“It must not be such that you simply approach one and outsource the business taxation aspect to him. There are several aspects that you must have to consider such ask for its previous experience an...
“It must not be such that you simply approach one and outsource the business taxation aspect to him. There are several aspects that you must have to consider such ask for its previous experience and the team that they are having as without the well qualified team, it is not the feasible task to manage the taxation aspect.”
India is one of the top known destinations for business leaders and corporate. They are ultimately looking to enter and start their business operations. The reason behind is the low and high skilled labor available there. There are numerous means by which a foreign company can enter and start its business operations.
It is the first requirement to make registration as a business. A foreign company registration in India is available in the following manner.
Liaison Offices
The foreign company is provided with the flexibility to open a liaison office that can look after the business operations in India. This form of business entry can be used to promote for the business interests. This form of business entry is not allowed to do the business.
Branch Offices
Foreign companies can operate business by opening the branch offices. It is helpful for those companies that are engaged with trading and manufacturing activities. This type of business expansion helps to grow further.
Joint Ventures
If you are looking to get the status of a company in India, it is wise to go for making venture with a prominent business operation group in the same segment. The foreign firm can go into the financial or technical collaboration with the Indian counterpart. Companies seeking for the JV’s can enter into India via two routes including an automatic route or through the prior approval.
Trading Companies
Foreign seeking ahead to expand the business on a global platform, it is better to go with the status of trading companies. Foreign firms can invest with the companies that are engaged in exports. As far as investment is concerned, RBI has opened the route up to the 51 percent else it would be addressed by FIPB.
Wholly Owned Subsidiaries
The option for the wholly owned subsidiary to get the status of an Indian company and it would get the legal status separate from its parent company.
Income Tax Aspects
Once you got entry in India, before starting the business operations in India it has to deal with the critical Income tax services. Dealing with the income tax, it is essential to hire a professional who is handy and keep himself updated with the ongoing tax regulations and norms so that he can suggest you all the ways in tax aspects.
Chartered accountant, India is the best option and can give you the reliable guidance throughout the business operations. As far as reliability and professionalism is concerned, it is better to hire the Chartered accountant agency in India.
Now, the big question that must be making bell in your mind is how to choose the best CA associate firm, as after all it is business which may be going to suffer, if you exercise the wrong decision to choose the inexperienced firm for this crucial task.
Chartered accountancy services in India.
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Indian Chartered Accountant firm registered with Institute of Chartered Accountants of India (ICAI) and Public Company Accounting Oversight Board (PCAOB), United States of America.
