Business Startup Services in Laxmi Nagar, Delhi (7 service providers available)

• Startup India Registration: DPIIT registration
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Startup India - DPIIT Recognition Startup India initiative intends for the growth of startups. It aims to empower startups to achieve growth through innovation and technology. Get recognition of startup to avail benefits provided under startup India. Start Up India Registration: 100% Easy Online Process & Transparent pricing The registration with Startup India (DPIIT) is mandatory to avail of the Tax Benefits, Concessional IPR Filing and easier compliance.  The benefits provide to Start Up’s under Startup India Registration are immense , which is why more people are setting up their startups. Setupfiling is an online platform that provides consultation and professional services to startups looking for fast and affordable compliance services. Chat with us or Call us +91 9818209246 Startup India Registration A startup is a new business that has just been started. It is usually small and created by one person or a group of people. How it’s different from other new businesses because it comes up with a new product or service that isn’t already being sold elsewhere in the same way. “Invention” is the keyword. The business either comes up with a new product or service or improves an existing product or service to make it better. Startup India is a flagship programme of the Indian government (started in January 2016) that aims to create a robust ecosystem for nurturing innovation and startups in the country, resulting in long-term economic growth and large-scale job creation. With this effort, the government hopes to empower startups to grow through innovation and design. To achieve the initiative’s goals, the Indian government launched the Startup India Action Plan, which covers all areas of the startup ecosystem   Eligibility for Registration under Start up India Under the Startup India Action Plan, startups that meet the definition as prescribed under G.S.R. notification 127 (E) are eligible to apply for recognition under the program. As per the Startup India Action plan, the followings conditions must be fulfilled in order to be eligible as Startup : Being incorporated or registered in India up to 10 years from its date of incorporation Is a private limited company or registered as a partnership firm or a limited liability partnership Has an annual turnover not exceeding Rs. 100 crore for any of the financial years since incorporation/registration is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation. It is important to note that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’. Also, an entity will not be called a startup after: Completion of ten years from the date of its incorporation/registration, or Achieving turnover in any previous year more than Rs. 100 crore Eligibility Criteria for Tax Exemption under Section 56 of the Income Tax Act: The entity should be a DPIIT recognized Startup. Aggregate amount of paid up share capital and share premium of the Startup after the proposed issue of share, if any, does not exceed INR 25 Crore An entity shall cease to be a Startup, On completion of 10 years from the date of incorporation/registration. If its turnover for any previous year exceeds Rs. 100 crore        

  India has emerged has global market in the current time. Many Foreign Companies and Individuals are desirous of starting business in India or are already engaged in business in India directly. In many cases, it requires such Foreign Companies and Individuals to make compliance with Indian Tax Laws.  We provide all services to such foreign companies and individuals to make their compliance with their Tax obligations to Indian Tax Laws.   Reagulatory requirement for Foreign Investment Sectorial restriction on FDI Allowability of loans from foreign sources (ECB) Repatriation of funds    Entry options - Choice of entity type and assistance in setup There are number of prevailing entity type in India such as company, limited liability partnership, partnership, proprietorship etc. Every format has its own features and regulatory requirements. One can choose any of them based on the business objective and regulatory framework for that business.    Indian regulations allow investment in all industries expect those in the negative list. Additionally, there are sectoral caps for investing in certain industries. FDI is not permitted beyond these caps. FDI can be brought into India through the automatic approval route and, for certain activities, on obtaining prior government approval. A foreign enterprise can consider the following routes for doing business in India.   Corporate entity Joint Venture with an Indian partner (JV) Wholly Owned Subsidiary (WOS)   Non-corporate entity Project Office (PO) Liaison Office (LO) Branch Office (BO)   Corporate Entity Companies in India can either be public or private. Further, a private company can be limited by shares or by guarantee. In the former, the personal liability of members is limited to the amount unpaid on the share subscription, while in the latter the personal liability is limited by a pre-decided nominated amount. For a company with unlimited liability, the liability of its members is unlimited.   Wholly Owned Subsidiary A foreign corporate can invest and start its operations in India by incorporating a WOS company under the provisions of the Indian Companies Act, 1956. It is treated at par with a domestic company and all regulations applicable to an Indian company equally apply to the WOS. The set-up can be under the automatic route, wherein no prior approval of the government is required. One needs to take into consideration the business activities proposed for India as well as the sector of operation. In case restrictions apply, prior approval is required from the FIPB - Ministry of Finance. In case the foreign investor has an existing joint venture technical collaboration or trade mark agreement with any Indian company in an area similar to that in which the new investment is proposed, a prior approval from the FIPB is required, irrespective of the nature of activities and sector of operation.   Set-up Process – Private Company The set-up process for a private limited company can essentially be divided into 3 stages:   Exchange Control After deciding to set up a company in India, the immediate questions which have bearing are: Is the proposed investment in a restricted industry or sector or subject to sectoral caps? Is the proposed investment effected by Press Note 1? Most industrial activities now fall within the automatic route whereby only intimation is to be made to the RBI post incorporating the company. In case the above issues have bearing on the proposed investment will require clearance from the FIPB normally takes 4-6 weeks.   Company Incorporation A company to be incorporated in India as a private company must have a minimum paid up capital of Rs 100,000 (US$ 2,500 approximately). It requires atleast two directors and two subscribers. The whole process of incorporation generally takes 15-20 days depending upon the availability of required documents.    Intimation to the RBI Within 30 days of receiving the application money, intimation is tobe made to the concerned regional office of RBI in respect of the inward bank remittance received as share application money. The company is required to intimate the RBI within 30 days of issuing shares to the foreign investor. RBI will issue a registration number to the company which is to be mentioned for future correspondence with the RBI i.e. while repatriating funds, etc.   OTHER ENTRY OPTIONS A foreign company may also enter the Indian markets by establishing a non-corporate entity which operates as an extension of the foreign company. These are:  Project Office (PO) Liaision Office (LO)   Branch Office (BO) A foreign company may consider establishing a branch to carry out trading, business dealing, etc. on behalf of the head office.   Scope of Activities Export / import of goods Rendering professional or consultancy services Research work linked to activities of the parent Promoting technical or financial collaborations between Indians and parent Rendering services in information technology including software development Technical support in respect of products supplied by the parent Foreign airline / shipping company   Set-up Process Set-up of a BO requires a prior permission from the RBI which will closely examine the proposed activities to be carried out in India. Subsequently, one is required to obtain a certificate of establishing a place of business in India from the ROC.   Compliance BO may remit the surplus revenue from the project subject to payment of applicable taxes in India. BO is considered an extension of the foreign company and taxed at 40 per cent (plus surcharge and cess). Besides, it is required to meet compliance requirements viz. Income tax, tax withholding, audit, etc.   Closure To close a BO and to repatriate balance funds, an application is to be submitted with the RBI. The application is to be accompanied with a tax clearance certificate from the Income tax authorities which are issued only once the entire verification process, namely assessments, is completed.   BUSINESS OPERATIONS – COMPLIANCE MATTERS Once a business entity has been registered in India, it is important to handle various regulatory compliances. These can be initial registrations, record keeping, tax matters etc. This chapter looks at these matters.   IMMEDIATE ON SET-UP REGISTRATIONS Generally, the following registrations need to be considered Permanent Account Number (PAN):  All tax payers are required to obtain anincome tax registration i.e. PAN, which is a unique number of 10 characters allotted by the Income tax authorities. Besides quoting this for tax issues, itis required for various transactions viz. asset acquisition, etc.   Tax Deduction Account Number (TAN):  While running a business, certain payment will require the payee to withhold tax (TDS). A new business is required to obtain a TAN from the Income Tax authorities It is mandatory to quote the TAN in all tax withholding documents viz. challans, certificates, quarterly returns, etc.   Goods and Service Tax:  It is an indirect tax imposed on Goods and services. A person liable to Goods and service tax needs to register within 30 days of providing the services. Foreigners Regional Registration Officer (FRRO) : Foreigners coming to India on employment need to register with the FRRO within 14 days of their arrival in India. Import Export Code (IEC) : Prior to carrying out any export or import activities from India, it is mandatory to obtain an IEC number from the Directorate General of Foreign Trade (DGFT).   LEGISLATIVE PROVISIONS The laws governing labor in India, listed below, are somewhat complex. In general, the employment legislation normally addresses concerns of the blue collared staff. Employers are commonly required to provide employees with written terms and conditions of employment. The statement should detail salary, hours of work, disciplinary rules and complaint procedures, the notice period for termination, holidays, the providentfund, pensions, gratuities and other employee related details. Violation of labor law is viewed with strictness. The Factories Act, 1948 The Minimum Wages Act, 1948 The Payment of Wages Act, 1936 Workmen’s Compensation Act, 1923 Payment of Bonus Act, 1965 Maternity Benefit Act, 1961 Contract Labor (Regulation and Abolition) Act, 1970 Shop and Establishment Act Professional Tax   SERVICES OFFERED:   Incorporation of Company, Foreign Branch / Liaison Office For setting up business in India through limited liability company involves registration with Registrar of Companies (ROC) under the Companies Act. Formation of company involves various steps like name approval, obtaining DIN & digital signature of directors, preparation of Memorandum of Association etc. Our Business Setup Solution takes care of all the required compliances and procedure for incorporation of company and endeavors to provide our clients ready to operate business setup in shortest time frame under "turnkey" methodology.   Registration with Various Authorities In India a Business Setup to become fully functional requires to register with various tax, labour and other authorities. For example a manufacturing / trading setup is required to get registered with Sales Tax / VAT Authorities, Income Tax Department, Excise Department, Custom Department (if involved in import / export), Provident Fund Department, ESI Department etc. Our Business Setup Solution working on "turnkey" methodology provides services for registration with various authorities immediately after incorporation. This leads to providing our clients ready to operate business setup within the shortest possible timeframe.    Account management and other compliances Precise accounting of the transactions involved in Indian operations is essential to ensure compliance with Indian GAAP as well as and other provisions as may be required under specific circumstances. Development, institution & regular monitoring of internal control systems are also essential to ensure integrity of operations and prevent frauds, mismanagement, etc. Our Financial & Accounting Services Team provides comprehensive service in these areas which includes: Maintenance of all Accounting records in respect of Indian operations and ensuring audit of the same from external auditors and filing of Annual Accounts and other necessary documents with the concerned authorities  Maintenance of all statutory registers including those in respect of meetings of the board of directors and shareholders and filing of all documents/returns with the statutory authorities like Registrar of Companies, etc.  Formulation and institution of suitable systems, procedures & checklists to ensure internal controls and audit trails  Providing assistance to Indian entity to comply with Indian GAAP   

Ours is the noted name involved in rendering reliable Business Setup Services to the clients. We are based in Delhi (India) and have carved a niche for ourselves in the industry within a very short span. Supported by a team of experts, we guide and assist you in the incorporation of your company. The entire documentation work is our responsibility and concern. Moreover, we assist you at every step to ensure there will be zero chance of any confusion and loopholes.    Details Company Incorporation LLP Incorporation Partnership Proprietorship Trust/ Society Formation

Incorporating Business Startup Services, RBI Compliance Service

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