How to form foreign subsidiary in India:

The easiest and fastest way set up a business in India by Foreign Nationals/entities is through incorporation of a Private Limited Company.

Step 1. Name Approval: The first step towards incorporation of foreign subsidiary in india is reserving the Company name

Step 2. Procurement of DSC:  In parallel, the Digital Signature Certificate (DSC) will be procured for the proposed directors of the Company. This DSC is required to file the Incorporation application digitally and will also be used for future compliance reporting.

Step 3. Incorporation Application: This is the final step in the registration of a company in India. It requires the filing of bylaws of the company [Memorandum and Articles of Association] along with various other documents duly executed by the proposed directors and shareholders.

Once the Incorporation application is found satisfactory, the Registrar will issue the registration certificate.  After receiving the 'Certificate of registration' the company can proceed with opening a bank account, receiving funds, starting the business and fulfilling other compliance.

Documents required for forming a subsidiary company in India:

For foreign directors/Shareholders: A photograph, Copy of Passport, Copy of Driving License, utility bills, or bank statement as proof of residence.

The documents originating from foreign countries must be notarized by a Public notary of the residence country and consularized or apostilled by the competent authority, as the case may be.