Services

A WHOLLY OWNED SUBSIDIARY

A domestic company’s entire (100%) stock is owned by a foreign company who is an independent legal entity. Its commonly referred as the parent company. Such can be achieved through acquisitions. Herein the wholly owned subsidiary is subjected to the control of the foreign company. The perks of having a wholly owned subsidiary is that the parent company has vast opportunities to diversify and manage their business in the global market. However, such diversification and management are subjected to the local laws. Contact Venture India Biz to get more insight into a wholly owned subsidiary.

JOINT VENTURE COMPANY

A Joint Venture (JV), is an arrangement where two or more parties / businesses come together and mutually agree to combine their resources to achieve a specific objective. A JV can take up various forms such as corporations, LLCs, Partnerships and Corporations. The JV Agreement is the most important document of a JV. It lists down the party’s rights and obligations toward one another.

Please Note: If you are a foreign partner or NRI who wants to form a JV or wants to be a part of an already existing JV, you will require a prior approval from the Reserve Bank of India and the Foreign Investment Promotion Board.

Contact us to know more about a JV company!

LIAISON OFFICE AND REGISTRATION

A Foreign Company can set up a Liaison Office (LO) in India with the prior approval of the RBI. Such LO’s primarily represent the foreign company in India and helps in understanding the domestic market. The expenses incurred by the liaison office is born by the foreign company. The profits occurred during the course of the business are taxable by the Indian government. Contact us for further assistance on Liaison Office Registration, RBI Approval, PAN & GST Approval and Registration with the domestic police.

PROJECT OFFICE

When a Foreign Company has acquired a contract to carry out a project in India from an Indian company at such cases, the foreign company can set up a project office in India. Such offices are directly funded from abroad or through bilateral or multinational agencies. Prior approval from the RBI is not required. However, if the said funding is not acquired, the foreign company has to approach RBI for an approval.

A BRANCH OFFICE

Companies that are engaged in activities such as trading or manufacturing, can set up a branch office in India. Prior approval of RBI is required to set up a branch office in India. A branch office assists the foreign company to carry out its business activities in India. Contact us to know more on the activities which can be undertaken by a branch office in India.