Register a Company in India
A company in India can be registered as a Private
Limited Company or Public Limited Company.A private
limited company requires a minimum of 2 shareholders
and 2 promoter directors. The minimum capitalization
is INR 100,000 (US$ 2250 approximately). Foreigners
as individuals and companies can hold 100% shares in
these companies promoted for doing business in Software
/ ITES operations. The first step for incorporation
of the company is seeking the name .Once the name is
allotted,the promoters can file requisite byelaws and
incorporation documents with the Registrar of Companies.
The whole process normally takes 2 to 3 weeks, depending
on the availability of the promoters to sign the documents
etc.
Tax Structure and other Formalities
The Corporate tax in India is 35% and Personal Tax structure
is on a sliding scale from 10% to 30%. However, the
companies in Software / ITES operations are exempt from
taxes till 31st, March,2010 for their export profits,if
the units are registered under Software Technology Park
(STP) scheme as Export Oriented Units (EOU). Most of
the companies which operate in this sector avail this
benefit.The profits are also repatriable as dividends
with minimum withholding taxes under favourable Double
Taxation Treaties .
How fast can you do it?
Incorporation of the company, the registration as a
STP unit / EOU and other tax registrations can be completed
within approximately 4 to 6 weeks. However, once the
company is registered, simultaneously the infrastructure
development ,recruitment of staff etc. can take place
and normally the regulatory approvals go parallel to
physical progress and new companies with new built up
fecilities start operating comfortably within 3 months
period.
Leela
Infopark |
Vismaya
| Business
Center | Thapasya |
Wipro
| Register
a Company
|
