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Business Incorporation

We deliver tailored solutions for your business incorporation by understanding your business expectations, the service area, size, and presence. The process involves incorporation as a legal entity and obtaining specific licensing based on the business activities carried out.

Welcome to India!

Set up a company in Bangalore!

India is fast becoming a global leader in business. We are the 6th largest economy and boast of consumer base unlike any in the world! None of this would have been possible without amazing people like yourself who wish to invest in India. So thank you! Thank you for your faith in us. We promise you that India will not let you down!

If you are reading this, we know that you want to set up your dream venture in India. You must have heard many things about doing business in India (psst! we know not all that you’ve heard is great 🙂) So we know that you are bursting with questions! Worry not for BCL India is here to help.

In the following sections we shall help you understand

  • Why choose India as your preferred business destination & what’s so special about Bangalore?
  • Starting a Business – Want to set Up a Private Limited Company in India?
  • What are the steps involved in setting up a subsidiary in India?
  • What should you do once your subsidiary is set up in India?

We, at BCL India, would be delighted to help you with any further questions that you may have. Please do not hesitate to reach out to us.

Without further ado… let’s dive in!

 
Internal Audit Services

Why Invest in India?

We are the fastest growing economy amongst the BRICS nations! This year, we jumped 30 places up on the ‘Ease of Doing Business’ ranking and we are just warming up!

India offers unparalleled global competitive advantage. We are one rank shy of the top 5 mega economies of the world. India also offers a definitive cost advantage and a rich talent pool to choose from.

A stable political environment that is motivated to welcome investment into India helps matters greatly. Our emerging middle class is our pride and we are one of the largest & most innovative startup ecosystems in the world.
Invest in India

Advantage Bangalore!

BCL India welcomes you to the Most Dynamic City in the world! And for the records, we beat Silicon Valley, Shanghai and Dubai to get there!

Bangalore is just as famous for its technology talent pool as it is for its startups.
“Lauded as the Silicon Valley of India, Bengaluru is the No. 2 hub for business innovation in the Asia – Pacific region” said the Inc. magazine”

On an average 20 businesses take birth each day in Bangalore. World class facilities are abundant with global leaders like IISC and IIM making Bangalore their home.
What better place to start than the most cosmopolitain city of India? Welcome home!

The Best Business Structure

Now that you’re on board to invest in Bangalore, it is important we tell you about the two popular business structures – Private Limited Companies (PLC) & Limited Liability Partnerships (LLPs)

PLCs are regulated by the Companies Act 2013. Setting up a PLC could take anywhere between 1 day – 2 weeks.
In most sectors, PLCs can be 100% owned by non-Indian shareholders. This is the most popular route adopted to set up Indian subsidiaries.

LLPs are fast catching up too! Like PLCs, they too enjoy the benefits that come with limited liability structures.
100% foreign investment is allowed in LLPs and in some respects, they could offer you a better tax advantage.

Best Business Structure
business-setup-services

3 magic letters... T.A.X

No investment decision can be made without understanding the tax regime of the host country. India is on the path of minimising tax rates to make businesses competitive.

PLC income tax rates were recently brought down to 25%* LLPs continue to be taxed at 30%.
India also provides income tax incentives to businesses engaged in Research & Development. Further, businesses set up in SEZs enjoy 15 years of tax holiday**

GST was introduced in 2017 and brought within its fold multiple indirect taxes. The theme is simple ‘One Nation. One Tax’
The benefits of GST are starting to become visible. Exports are zero-rated with full refund on taxes paid on inward supplies.

Our Services

As part of our high quality service, we'd like to offer something extra too.

Entities looking to setup their operations in India will have to register as one of the following legal entities approved by Indian Government: LTD, LLP, LO, BO, PLC. In addition, they have to undergo licensing and other associated process that are deemed to be fit.

LTD – Private Limited Company

● Income Taxed at 25%
● Dividend subject to 20% withholding tax subject to a tax treaty.

LLP - Limited Liability Partnership

● Considered as body corporate
● Income taxed at 30% slab
● Post-tax profits freely repatriable

LO – Liaison Office

● Can act as a channel of communication
● No commercial activity permitted
● Not taxable but required to file a tax return with certain disclosures

PLC – Public Limited Company

● Minimum 7 shareholders
● Higher compliance
● Same tax structure as LTD

BO – Branch Office

● Not considered as a separate entity ● Income taxed at 40% ● No tax on repatriation

Name

Every entity in India should have a unique name. Where the Indian unit is a subsidiary of a foreign company, the name of the parent company should be the name of the company. The Registrar of Companies could reject the name in account of its familiarity or similarity with other companies which leads into additional costs and delays. We help you choose a unique name saving your cost and time.

MoA and AoA

Memorandum of Association (MoA) and Articles of Association (AoA) are the formal documents that govern the operational framework of an entity furnished by the stakeholders during the incorporation. We help you in laying down the suitable framework for your business and file e-MoA and e-AoA for you.

PAN & TAN

Permanent Account Number (PAN) is the tax identification number used to file income taxes whereas Tax Deductor and Collector Number (TAN) is an identification number used to deposit taxes withheld from payments. We provide services in PAN and TAN acquisition from end-to-end.

DIN & DSC

Entities in India have a mandate to appoint directors who manage the operations of the company. Directors of organization should possess Director Identification Number (DIN) and a Digital Signature Certificate (DSC). BCL India helps you in acquiring these registrations on-time.

FDI & ECB

Foreign Direct Investments don’t need prior approval from Govt. of India in most sectors. However, post-facto declarations would be required. Unlike FDI, borrowing from outside of India is referred to as External Commercial Borrowings (ECB) which requires prior approval. We help you in furnishing required documents and ensure the entire compliance spectrum.

Other Registrations

In addition, operational registrations with regard to taxations, employee management, trade etc. are needed. Professional Tax, Provident Fund, Employee State Insurance, Goods & Services Tax and Import Export Code are the major licenses. We help you in obtaining the required licenses without hassle.

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