NRI Business consulting services

NRI business consulting services provided at K M Gatecha & Co LLP:

• Consulting services:
  • Pre-incorporation services (consultation before entering any business):
    • The pre-incorporation services include consultation about which type of company to be formed (foreign company, foreign subsidiary, branch office or marketing office) along with the proper analysis of each with pros and cons so that you can make an informed decision.
  • Market research and survey:
    • In market research and survey services, our expert team provides our clients with the comprehensive insight of the business that they are looking into setting up a business,
    • Business strategies and plan are prepared on basis of studying the market, conducting surveys, studying current companies which are operating in the market and future opportunities and challenges.
  • Tax and compliance implications regarding any transactions that are to be done in the business:
    • This advisory is necessary to avoid any hassles in import and export or local trade,
    • The consultation is beneficial to avoid any problems with the Tax departments of India.
  • Setting up a business service:
    • Incorporation services,
    • Registration services,
    • Business operation services.
  • Compliance and support services:
    • Mandatory registrations such as GST registration, labour licenses, industrial licenses, import and export Code
    • Yearly tax compliances such as returns filing and certifications for company,
    • Accounting and compliances services for MIS and other reports which have to be provided to the parent company,
    • Company representative services.
  • Investment consulting services for Foreign Direct Investments,
  • Joint venture or associate company research and handshake services.

Types of business or companies which can be set up by NRIs in India:

• Wholly owned Company,
• Subsidiary Company,
• Limited liability partnership Company,
• Join venture company,
• Foreign company,
• One person company,
• Partnership firm where at least on partner is an Indian resident,
• Proprietorship, private limited or limited company through FDIs (Foreign Direct Investments).

Process of NRI business consulting:

• Market research and survey,
• Planning of type of company,
• Incorporation business or investment in currently running company,
• Setting up business operations,
• Appointing representative, associate company, or registered office,
• Yearly tax and other compliances.

Documents required for NRI business consulting:

• For market research and survey:
  • Type or product in which NRI wishes to start business in,
  • Investment details,
  • NRI status details.
• For company registration (all documents to be attested by consulate of foreign embassy in India):
  • Passport,
  • Resident permit,
  • Business visa,
  • Bank statement or utility bill,
  • PAN card,
  • Proof of identity,
  • Aadhar Card,
  • Current Address proof,
  • For foreign nationals who want to be directors:
    • DSC (digital Signature),
    • DIN (director identification number),
    • Registration with the MCA,
    • Filing form SPICe+.
  • For accounting, tax and compliance services:
    • Financial statements,
    • Books of accounts,
    • Directors’ reports,
    • All supporting documents.