There are multiple ways for starting business in India. Mainly, are proprietorship and partnership firm business formation is popular as both options are cost effective for formation. However, Company formation is popular for medium to large scale business idea. In addition, Company form of business entity gives advantage of government “STARTUP INDIA” and “MAKE IN INDIA” Scheme benefits.
Foreign Investor or Foreign Company who is willing to start business in India can create Fully Owned Foreign Subsidiary Company, where foreign company/ foreigner will hold 100% Ownership of company. However, One Indian Resident Director required for formation of Fully Owned Foreign Subsidiary Company.
Let’s Understand the Stages for Business formation and compliance management.