Are you planning to ride the Lion of  growth in the land of opportunities? Start a wholly owned subsidiary and retain 100% control. An Indian resident director and an office is required to set up a subsidiary in any state in India. The investment in Indian subsidiary is subject to FDI policy in India, Currently the government has categorised FDI routes into 4 broad categories namely 100% FDI in automatic route, 100% FDI in government route, Limited FDI with government approval and Limited FDI in automatic/government route.

After setting up a subsidiary, one has to be mindful of transfer pricing provisions applicable to Indian subsidiaries, Indian Direct (Income tax, Withholding tax – TDS, dividend distribution tax) and Indirect tax (GST) provisions, laws around repatriation of funds and filing forms with RBI.

Kick start your venture with team My True Books which consists of CAs expert in legal framework surrounding setting up a subsidiary in India, FEMA and laws around repatriation of funds.