Global Expansion Resources | India
India Entity Set Up
Helping your business expand into India with specialist PEO services
Weigh up the pros and cons of a Indian entity set up versus using a global PEO partner when expanding your business internationally
In order to expand your business into a new country such as India, you will need to set up a legal entity, a task that can be costly and time-consuming for most companies. It is for these reasons that companies often choose to use a PEO provider when expanding into India.
Here we look at who needs to set up a legal entity, how to establish your company in India and how a PEO can help you expand into India without a legal entity. Therefore, you can make the most informed decision as to whether an entity setup or PEO solution is best for you.
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India Expansion Advice
Who needs to set up a Indian entity?
Any business who wishes to operate in India needs to set up a legal subsidiary. This is to ensure that all employment and tax laws are followed.
If a business does not have a physical presence in India, then they do not need to set up a legal entity.
How do I set up a subsidiary in India?
The process of setting up a legal entity in India varies from state to state and also largely depends on what type of entity you require. However, as a general rule you will need:
- To find a suitable business location in India
- Open an Indian business bank account
- Decide on a company name and ensure it is available
- Produce appropriate registration documents
In addition to the above, different entity types require different numbers of company directors. These directors are also required to obtain visas to set up a company in India, again this visa type can vary depending on what living and working requirements need to be met.
Indian entity laws
In India, subsidiaries and their regulations vary from state to state. This is the same for employment laws, tax laws and company accounts. While this does allow businesses to choose a state and its regulations that work best for their business, it also makes setting up an entity and operating in India more challenging as businesses have to cater their entity setup depending on their chosen state. Likewise, ongoing operations in India will have to comply with these state-by-state regulations. This requires a huge amount of time and resource from initial setup to ongoing compliance. Meanwhile, non-compliance causes an abundance of risk for your business including fines, penalties and even the possibility of being unable to operate in India.
The benefits of setting up a Indian entity
India has the 5th largest economy in the world with an expansive market for business growth, making it a popular location for expanding businesses. Setting up an entity in one of the fastest growing trillion-dollar economies is one way of establishing your company as a long-term, thriving business located in India.
Why use a PEO partner instead of setting up a legal entity in India?
Setting up a legal entity in India and indeed remaining compliant with entity laws requires ample cost, resource and time from an expanding business. This is on top of the day-to-day logistics of expanding your business into India.
By using a PEO or EOR to support your expansion into India you can start reaping the benefits of India’s thriving economy without the burden of a legal entity. This saves you much-needed time, money and resources whilst also providing more flexibility for your business. Meanwhile, using a PEO over establishing a legal subsidiary doesn’t limit your business opportunities. Instead, you can rest assured that the legalities of tax, national insurance, onboarding employees, work permits and employment contracts are handled compliantly while you focus on the key aspects of business growth.
At Leap29, our India PEO team have in-depth knowledge of state-specific Indian employment laws and first-hand experience of the Indian business market meaning that they can be fully relied upon to navigate your expansion in India.
If you want to find out more about how our PEO Services in India can support your global expansion, call our experts on +44 (0) 20 8129 6860 or email [email protected] to get started.
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India
Expansion Resources
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Employ people compliantly in 180+ countries – with or without your own foreign entities. We can help you set up and manage foreign entities – or act as an Employer of Record. We can also help with multi-country payroll and all your HR management. Wherever, whenever and however you want to employ people, we can help.
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Employing people compliantly across international borders can be challenging but we make it simple, bringing down barriers and making light work of the complexities. We offer the full range of compliant global expansion solutions so that wherever, whenever and however you want to employ people, we can support you.
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Employ people compliantly in 180+ countries – without setting up new entities. We’ll shoulder responsibility as Employer of Record (EOR), making sure all your international employment is fully compliant.
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Getting global payroll right is one of the hardest challenges for any business expanding into new countries. We can shoulder this burden, freeing up valuable in-house resource to focus on growing your business.
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When you’re employing people in lots of different countries, answering just a simple query can take a disproportionate amount of time for your in-house HR team. Our HR Support service reduces this burden, saving you time and money and giving you the confidence of knowing your employees are well looked after, whatever their location.
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