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Subsidiary Formation Process
Market Research to access the viability
India Bank Account Creation
Understand the legal requirements
Local Directorship
DIN, PAN, TAN applications
All relevant registrations and certifications with respective authorities to ensure total local compliance
Registration process with ROC
Certificate of incorporation and purpose statement
Why choose an India subsidiary?
- Access to a vast and growing market: India offers a dynamic marketplace with endless growth opportunities.
- Local partnerships and opportunities: We’ll help you navigate local partnerships to leverage the Indian market’s potential.
- Tax incentives and benefits: Discover tax advantages and incentives available to subsidiary companies.
- Enhanced global presence: Expanding to India strengthens your global presence, attracting investors and partners.
- Risk mitigation and expansion support: Minimize risks with our expert guidance and support.
How does Remunance Employer of Record Help you get started quickly in India while the subsidiary gets registered?
Payroll and tax administration
Employee benefits administration
Compliance and risk management
Administrative Burdens
Local expertise
and support
Global expansion made easy
Why Remunance?
Remunance provides the best solutions related to HR functions, finance, and legal requirements. With innovative solutions and a transparent working process, Remunance is one of the top PEO and EOR service providers in India.
Significant Pros:
Prompt
Response
Long-lasting,
trusted relations
with clients
Employees across
38
locations
Tech-enabled Solutions
Helping clients expand their workforce stress free
Run your business more effectively with a PEO
According to research findings*, PEOs have proven to help businesses thrive
A Reliable International PEO Partner
Testimonial
FAQs
- Company Name: The name of the subsidiary should not be similar to any existing company’s name in India. It has to be a Private Limited entity registered with the ROC.
- Directors: A minimum of two directors is required, including one local resident director.
- Shareholders: At least two shareholders are needed. They can be natural or legal persons, including foreign companies.
- Registered Office: A physical address in India is required, which will be the subsidiary’s registered office.
- Capital: To meet immediate business needs, we recommend adding a minimum of 1,00,000 INR as paid-up capital and 10,00,000 INR as subscribed capital.
- Legal Documents: During the filling process, it is vital to submit an AoA (Article of Assosiation) and MoA (Memorandum of Assosiation), which defines the activity scope of the organization along with various other legal nuances. A Director Identification Number (DIN) and Digital Signature Certificate (DSC) are essential to confirm authenticity before submitting the form.
- Approval and Registrations: Depending on the business sector, certain approvals from various government authorities might be required.
The process can vary based on several factors, but on average, setting up a functional subsidiary in India can take anywhere from 6 to 8 weeks. This includes the time for obtaining DIN, DSC, name approval, and incorporation certificate. Additional approvals, if required for specific sectors, might extend this timeline.
Corporate Tax, Dividend Distribution Tax (DDT), Goods and Services Tax (GST), Transfer Pricing, and a few Other Taxes might be applicable depending on the nature of the business.
Yes, with advancements in technology and communication tools, many aspects of a subsidiary can be managed remotely. However, certain key decisions and compliance matters might require a physical presence or a local representative. Furthermore, having local management can assist in understanding and navigating the Indian business culture and regulatory landscape.
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