Entrepreneurs all over the world wish to establish their company in India as India offers a vast market for them. This is evident from the recent news about several manufacturing bases shifting from China to India. As per the Companies Act, it is legal for U.S residents and Indians residing in the U.S to register a new business in India. Company registration in India is simple, and it is a straight forward process. This influences foreigners, especially people from the U.S to establish their business in India rather than other countries. There are specific tips that can help you to register a company in India from the USA effortlessly without any complexities. The registration process is fast as it is done online. This article throws light on the process of company registration from the USA.
It is said that one has to decide on the business entity when you wish to start a company in India. Several types of company registration can be done, including Partnership, Limited Liability Company, and Private limited company. To reduce the legal formalities of the company registration, you can go for a private limited company or limited liability partnership registration.
Conditions For Company Registration In India From USA
There are specific criteria or requirements that people from the USA should satisfy to run a business or company in India without any legal issues. The company should be managed by maximum one Director who is residing in India. There can be other Directors who are from the USA.
The FDL should be checked, and the FDI route requires permission from the Ministry of Central Government. If the business takes up the other Route, then RBI approval is required. Keep ready of all the necessary documents required for company registration. It is essential that all the essential documents are notarized.
People from the USA must possess KYC details so that they can obtain DSC and DIN, which can be used for their company registration. Name application should be prepared and also be ready with MOA, AOA of the company your about to register. Apply for the incorporation of the company Submission of incorporation certificate of the company as it is a proof for the existence of your company.
- You must apply for a bank account for company registration
- Application of PAN, GST, TAN of the center and state government.
- Mandatory Documents Required
- People or business owners residing in the USA should submit the following documents so that they can register a company in India legally.
- You have to hold a valid passport
- Driving license issued from India
- Voter Id
- SSN
- Bank statement
- Passport size photo
- A permit of residence issued by the embassy of India
- Company registration for a foreign company in the USA should provide the following documents.
- Incorporation certificate-A proof of the existence of the foreign company
- Address proof of the foreign company in the USA
- Resolution of the board members of the company outside the country.
- The Public Notary Of USA should notarize all the above documents by the competent authority.
Company Registration Process
The government of India has recently simplified the registration process of a company in India from the USA. Thus foreign residents and USA citizens find it easy to start a new company in India. The online portal for the registration makes the registration process quick and straightforward. Firstly the applicant of the company registration must hold a new user account with Portal of MCA. This is the online portal for completing the company registration process of a company in India from the USA. You can proceed with the registration once you own the account of the Ministry of common affairs portal else create a new user account for the registration process Then you have to apply for the digital signature certificate so that you can submit all the documents legally.
Visit the specified link to get the name of the company. Make sure that the name of your company is unique.
Now apply for the DIN by submitting the SPICE form.
Now the certificate of incorporation would be issued by the authority of MCA.
The above is the procedure for company registration in India from the USA. The process is indeed simple and quick.