SETUP PHASE OF YOUR BUSINESS
SimplyBiz helps global companies, funded startups, and growth-stage businesses set up, stay compliant, and scale in India—without the headaches.
We assist businesses in setting a strong foundation for success in India. From entity incorporation and regulatory compliance our team ensures a seamless setup process tailored to your unique needs.
What We Offer
Laying the Foundation for your New Company – Wholly owner Subsidiaries (WoS), Private Limited Companies, LLPs and Section 8 (NGOs) entities
Entity Setup (Legal and Regulations)
INCORPORATION
- STRUCTURE – Advisory and support to create the right company structure.
- FACILITATION OF REQUISITES – MoA, AoA, DIN, and DSC.
- STATUTORY REGISTRATIONS -PAN, TAN, GST, PT, IEC etc.
- APPROVALS & PERMITS – Trade licenses, industrial establishment approvals, and Shops & Establishments Act registrations.
POST-INCORPORATION
- OPERATIONAL READINESS – Registered office support, Resident Director facilitation, Bank account setup etc.
- COMPLIANCE SETUP – PF, ESI, initial filings, and internal controls.
- CONTRACTS & LEGAL DOCUMENTS – Drafting employment, lease, vendor, and SLA agreements.
- HR MANUAL & EMPLOYEE HANDBOOK – Customized HR policies and employee handbooks.
Why Choose Us
Handled entity set up for clients having parentage from various global locations
Handled entity set up for clients having parentage from various global locations
Handled entity set up for clients having parentage from various global locations
Handled entity set up for clients having parentage from various global locations
Handled entity set up for clients having parentage from various global locations
Handled entity set up for clients having parentage from various global locations
Handled entity set up for clients having parentage from various global locations
Handled entity set up for clients having parentage from various global locations
Setting up a Wholly Owned Subsidiary
Advisory, Assistance and Execution support for entity set up in India
Indian economy has become the fastest growing major economy in the world. India is considered a land of opportunities and an intriguing market for the overseas businesses and investors.
There are many reasons for India becoming one of the most preferred Investment destination in terms of Foreign Direct Investment (FDI) leading to more and more overseas companies and investors opting for Setting up a business. some of which are availability of skilled and talented human capital, Low labour costs, attractive incentives for new manufacturing enterprises, improved infrastructure facilities and a reduced corporate tax rate.
We understand that starting a business in a foreign land is not an easy decision to make. It is obvious to have multiple questions like how to start, which form of set-up to go with, what are the legal formalities involved, what kind of registrations to procure, how to safeguard the interest of various stake holders etc., and the most important is to find a right consultant who can guide and handhold you at every step so that the process is absolutely smooth & hassle free.
We understand the end-end requirements for business set up based on our past experience that we have gained from various Indian & International clients that we have served. Our Entity Set-up service provides Advisory, Assistance and Execution support for entity set up and ensure that you have all the basic registrations for running your business.
We have helped clients having parentage from various global locations like USA, Singapore, Germany, Australia, Norway, Malaysia, Philippines, UK, UAE, Japan and Russia to set up their businesses in India. We take pride to claim that our team of professionals have not only helped set-up business for overseas clients but we also continue to support them for their ongoing compliance.
Businesses are no longer limited to domestic markets, as they operate in an increasingly global scale. India has become a home to one of the most dynamic and competitive markets, which prompted many companies to establish their subsidiaries, Branches Offices, Liason Offices and Project Offices in India.
# | Part – A: Incorporation of the Company |
| |
1 | Advisory and clarification on the structure of the proposed entity. |
| |
2 | Applying for Digital Signature Certificate – Every initial promoter who will be a shareholder and any one director in the proposed Indian company should apply and obtain a DSC in their name (2DSC’s covered as a part of the proposal). |
| |
3 | Applying for reservation of the name of the proposed Indian Company under SPICe+ Part-A webform procedure on the Ministry of Corporate Affairs (“MCA”) Portal. |
| |
4 | Drafting of necessary documents such as MoA, AoA, consent letters, declarations, disclosures, undertakings, Affidavits and clarifications in relation to the filing of incorporation application. Providing the Registrar of Companies (“RoC’) documents relating to registered office premises of the Company. | ||
5 | Preparation & filing the online e-form Spice+ Part-B form for making the online application with Central Registration Centre (“CRC”) of MCA. | ||
6 | Obtaining Director Identification Number (DIN) for Directors |
| |
7 | Co-ordinating and liaising with the regulatory authorities for incorporation of the proposed company. | ||
The below statutory registrations will be integrated as part of the incorporation: | |||
a. Permanent Account Number (“TAN”). | |||
b. Tax Deduction Account Number (“PAN”). | |||
c. Employee State Insurance Act; and | |||
d. Employee Provident Fund and Miscellaneous Provisions Act. | |||
| Part – B | |
Post Incorporation Compliances under the Companies Act, 2013 & Registrations | ||
8 | Assisting the Company in holding the First board meeting covering the statutory items and drafting the related documents including:
| |
(eg: Notices, consents, resolutions and minutes of the meeting). | ||
9 | Assistance in issuance of share certificates in the name of the initial share subscribers of the Company after payment of applicable stamp duty as per the state stamp act. | |
10 | Filing the e-form INC-20A for reporting the Declaration Commencement of Business with the relevant RoC. | |
Q1: What is a Wholly Owned Subsidiary (WOS) in India?
A1: A WOS is a company incorporated in India that is entirely owned by a foreign parent company, allowing full control over operations.
Q2: What are the steps to incorporate a WOS in India?
A2: The process includes obtaining Director Identification Numbers (DIN), Digital Signature Certificates (DSC), registering the company name, preparing necessary documents, and filing with the Registrar of Companies (RoC).
Q3: What documents are required for setting up a subsidiary in India?
A3: Essential documents include notarized and apostilled copies of the parent company’s Certificate of Incorporation, board resolutions, and identity/address proofs of directors and shareholders.
Q4: How long does it take to set up a subsidiary in India?
A4: The incorporation process is digital but can be lengthy, involving multiple steps and compliance requirements.
Q5: What are the compliance requirements after setting up a subsidiary?
A5: Post-incorporation, the company must comply with tax registrations, periodic filings, statutory audits, transfer pricing regulations, and FEMA guidelines for foreign investments. SimplyBiz ensures smooth ongoing compliance.
Case Studies
An industry leader from USA in design, development, fabrication, and installation of complete retail store environments.
SimplyBiz assisted in setup of their Wholly owned Subsidiary in India with support for name registration, MoA, AoA, Statutory registrations, required filing and Board meetings. Then delivered all required post-incorporation services upto commencement of business.
A Taiwanese company who manufacture networking components
SimplyBiz assisted in setup of their Wholly owned subsidiary in India with support for Name registration, MoA, AoA, Statutory registrations, Board meetings upto the commencement of their business.
A real estate tech company in India with a data-driven approach, enabling informed decisions and optimized investments
SimplyBiz assisted in setup of their Private limited company in India with support for Name registration, MoA, AoA, Statutory registrations, Required filing and Board meetings.
A data analytics company from Masacheuttes, USA
SimplyBiz assisted in setup of their Wholly owned subsidiary in India with support for Name registration, MoA, AoA, Statutory registrations, Required filing and Board meetings.
Related Articles
Unraveling Section 42 Violations: A Case Study of Corporate Missteps and Compliance Challenges Contributed by: Karishma Mantri Email id:...
Multi-state Cooperative societies Contributed by: Neha Kujur Email id: Neha@simplybiz.in Introduction Multi-State Cooperative SocietiesMulti-State...
Cooperative Societies Contributed by: Neha Kujur Email id: neha@simplybiz.in Introduction to Cooperative Societies: The concept of a Cooperative...
What is the implication if an auditor resigns from his office prior to completion of his term? Will it be considered as an appointment of auditor in...