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Start Your Business in India: Expert Consultants for Hassle-Free Setup

Created By : Priya Parashar

 

India’s Booming Economy: Why Your Business Should Consider Expanding Now

 

Doing Business in India

 

Starting a business in India, undoubtedly, is attracting increasing interest from various investors and foreign companies looking to expand across the globe. The country, with its fast-developing economy and initiatives like Make in India, Startup India and burgeoning digital economy, offers innumerable opportunities for entrepreneurs and corporations. Nonetheless, setting up a business in India comes with its own challenges, such as the complicated regulatory- tax and administrative framework.

This is where business setup consultants gain prominence; they guide through their ground-level knowledge in penetrating the intricacies of India’s business ecosystem. These specialized consultants facilitate the registration of companies, legal approvals, and tax compliance, letting the foreign companies concentrate on their core business from day one

Start Your Business in India Today – Get Expert Guidance!

Exploring India: A Thriving Market for Business Expansion

Take advantage of India’s dynamic ecosystem and shape your global future

1. Market Potential: With India’s greatest strength lying in its growing population of over 1.4 billion people, the economy is steadily rising – expanding the market for global businesses. There is an increasingly growing demand for goods and services in the nation fuelled by the expanding middle class. The startup ecosystem is also gaining momentum with the boom in foreign investments and innovative business models.

2. Skilled Workforce & English Proficiency: Comprising a pool of over 2.5 million IT and finance professionals and an estimated 400,000 trained resources in global consulting firms, India provides an impressive and highly skilled workforce. Additionally, it is the second-largest English-speaking nation in the world.

3. Time Zone Advantage & Growing Startup Ecosystem: India’s strategic time zone (GMT +5:30) enables continuous work cycles, reducing turnaround times and boosting productivity for global businesses. All this, combined with a buoyant startup ecosystem and increasing foreign investments, makes India one of the most attractive bases for scaling and innovation-driven organizations.

4. Key Sectors for Growth:

  • The upsurge in the digital world involving software services and e-commerce facilitated the development of a vigorous technology sector.
  • The Make In India campaign is a perfect example of India's strive toward becoming a global leader in manufacturing.
  • The constant rise in demand of healthcare services, pharmaceuticals, and medical technologies are propelling the healthcare industry.
  • The introduction of fintech in India and the shift to digital payments is changing the face of the country’s finance industry.

5. Business-Friendly Policies & Incentives for Ease of Doing Business:

  1. Tax benefits such as exemptions, deductions or incentives and reduced tax rate in Special economic zones (SEZs).
  2. Reforms in FDI in various industries panning from Information Technology, pharmaceuticals, cyber security, data sciences etc.
  3. Simplification of procedures related to applications, renewals, inspections, filing records, etc.
  4. Rationalization of legal provisions, by repealing, amending or omission of redundant laws
  5. Digitization of government processes by creating online interfaces, and
  6. Decriminalization of minor, technical or procedural defaults.

6. Geographic Location: India's strategic geographical location has an additional edge for making business accessible to other emerging economies-such as Southeast Asia, the Middle East, and Africa.

Challenges Faced When Starting a Business in India

While India offers immense business potential, entering the market comes with its fair share of challenges:

  • Complex regulatory framework: In order to operate legally, businesses need to follow various rules (including labour laws, environmental regulations) and industry-based norms that usually take a long time to follow up.
  • Complicated and constantly evolving taxation regime: Even with the introduction of GST, corporate taxes, sales taxes, import duties, etc. remain as obstacles, which can differ from state to state.
  • Time-consuming administrative processes: Obtaining permits, approvals, and registrations is often painstaking and extremely slow.
  • Multiple factors to be considered: Various factors come into play while setting up business in India - including the amount of money involved in the transaction, the specific type of transaction, and the company's structure (whether it's a domestic or foreign entity), capital gains taxes on transactions, withholding taxes on payments to foreign entities, and transfer pricing regulations.
  • Insufficient local experience: Recognizing cultural subtleties, as well as consumer and regional trends, is crucial.

Unlock India’s Business Potential – Let’s Get Started!

How Expert Consultants Simplify the Business Setup Process

 

Business Setup Process in India

 

Professional consultants offer end-to-end support, from company registration to ongoing financial management, allowing you to focus on your core business without getting bogged down by administrative tasks.

Regulatory & Legal Compliance

Local business consultants make it a point to help establish the company by proper registration, requisite licensing, and following the local laws. These professionals, who specialize in areas like the Companies Act, 2013, Foreign Exchange Management Act (FEMA), and Indian tax laws, are responsible for preparing and submitting all the legal documents to the concerned authorities like the Ministry of Corporate Affairs (MCA) and Reserve Bank of India (RBI). They act as a middleman to ensure that they receive the approvals with minimal problems.

Taxation and Financial Services

Consultants help extract value out of the complex Indian taxation system by developing a strategic plan for tax mitigation, GST compliance, financial operations management, bookkeeping, and even providing a virtual CFO.

Expertise in Local Markets

Insights into local market trends, purchasing habits, and business particulars are vital to any business consultant’s success. They play a key role in establishing strong local relationships to help the company gain a solid market presence.

Customised and Scalable Support

As your business grows, consultants offer scalable support, adapting to evolving market conditions and regulatory changes. They provide strategic insights for expanding your operations and ensure your business remains agile, compliant, and ready for future growth. Their customized solutions are tailored to your business model, whether you are entering the manufacturing, e-commerce, or healthcare sectors, ensuring a smooth entry and long-term success.

Simplified Procedure

Professional consultants help bypass bureaucratic impediments – as they not only know the local laws and regulations but also have a fair idea of the various administrative challenges that a foreign business might face while setting up their entity in India.

 

Why Choose AKM Global as Your Business Setup Consultant?

  • 43+ years of expertise in complex tax, compliance, and regulatory services including India market entry and business setup
  • Serving clients across 40+ countries, including Fortune 500 & 1000 companies, MNCs, SMEs, and domestic businesses
  • 650+ experts: Chartered Accountants, MBAs, Lawyers, and Financial Experts from Big 4s and other leading global firms
  • Client-First Culture: A collaborative, global approach that focuses on your unique business needs.
  • Partner-Led Engagements – Personalized support backed by industry insights.
  • Technology-Driven Solutions for efficiency and accuracy.
  • Top-Notch Data Security: SOC 2 and ISO 27001© certified for robust data protection.
  • Dedicated Japanese practice to help Japanese businesses succeed in India with tailored services and co-working spaces in Gurgaon.

How to Get Started

Step 1: Initial Consultation

Begin with a deep-dive discussion on your business objectives, prospective entry into the market, as well as regulatory considerations. This helps us understand your unique requirements and set the stage for a successful partnership.

Step 2: Market Analysis & Strategy

Prepare a tailored strategic roadmap along with market analysis to provide you with insights into the Indian market – the best areas for expansion, assessing consumer behaviour, and competitor evaluation.

Step 3: Registration & Compliance Setup

Handle all aspects of business registration and compliance setup including registering your company, obtaining the necessary licenses and permits, and ensuring compliance with local laws and regulations.

Step 4: Ongoing Operational Support

Offer recurring financial and operational support, including accounting, tax compliance, and virtual CFO services – to support your growing business in every step of the way.

The right consultants can make business registration, compliance, and even navigating through the country’s tax laws effortless. Ready to start your business operations in India? Reach out to our experts today at info@akmglobal.in.

FAQs

1. What types of businesses can be registered in India?

In India, Sole Proprietorship, Limited Liability Partnership and Company (Private or Public) are the most common business structures. Further, India also offers an option for an entity to be setup as an extension of the foreign company in the way of a liaison office, branch office or a project office. It is crucial to set up an entity that is efficient and aligns with your business needs. 

 

Branch Office (BO) 

Liaison office (Representative office) 

Project Office (PO) 

Wholly Owned Subsidiary (Private Limited Company) 

Limited Liability Partnership Firm (“LLP”) 

  • Expansion of Head Office 
  • Unlimited liability 
  • Same Management 
  • Higher tax rates 
  • Easy to Exit 
  • Separate Legal Entity  
  • Limited liability 
  • Separate Management 
  • Tax efficient 
  • Difficult to exit 

 

2. How long does the business setup process take?

It usually takes about 4-6 weeks to complete company registration and compliance setup. The period of time might change depending on the complexity of the business and the regulatory approval needed.

 

3. Which documents are needed to register a business?

Some common documents are:

  • Proof of identity and address for directors
  • Proof of registered office address
  • Business registration certificate / incorporation form
  • Memorandum and Articles of association (MoA and AoA)