INDIA
In General
India is the largest country in South Asia and the seventh largest in the world. China, Nepal and Bhutan are the neighboring countries in the north, Bangladesh and Burma in the east and Pakistan and Afghanistan in the west. In the south the country tapers off into the Indian Ocean. India is the second most populous country in the world, with over one billion people. India is the largest democracy in the world. English is extensively used for business and is understood almost all over India. The Indian Rupee (International symbol is INR) is the country’s currency. India is committed to a free economy after having an economy controlled by licensing until 1991. India has become a member of the WTO and is disbanding quantitative restrictions on imports. In India there are two types of companies namely Private limited and Public limited company.
Advantages
• Many tax exemptions available to the company set up in Special Economic
Zone;
• Many tax incentives available to IT companies;
• India has got double taxation treaties with many countries;
• Only INR 100 000 (US $ 2250 approximately) is required to form a private
company;
• Skilled and intelligent employees available at nominal rate;
• With its large base of English speaking skilled human resource, it is most
sought after destination for business process outsourcing, Knowledge
processing etc.
Requirements
• Minimum number of shareholders is two in case of private limited and 7 in
case of public limited company;;
• Maximum number of shareholder is 50 in case of private limited and
unlimited in case of public limited company;
• The minimum paid-up capital should be INR 100 000 (US $ 2250
approximately) for a private limited company and INR 500 000 (US $ 11235
approximately) for a public limited company;
• Minimum number of Directors is two in case of private limited and 3 in case
of public limited company;;
• Passport copy of promoters;
• Two passport size photo of the promoters;
• Details about the company.
For further details contact us
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