If you are a foreign citizen and wondering if you can incorporate a company as per the Companies Act, 2013 in India. The answer is YES !!.... In this article we will discuss why incorporating a company for foreign citizens is a smart idea and what are the basic requirements and procedure for the same. Why Incorporate A Company? Foreign citizens can incorporate their business in India in forms like Partnership Firm, Limited Liability Partnership, company registration etc. But registration is the most preferred type of business model for foreign citizens in India. The reason behind that is that 100% foreign direct investment is allowed at the time of Company Registration in India. No RBI compliances are required to be done at the time of incorporation if any capital is invested by the foreign shareholders. What Are the Documents Required from Foreigners? Both an individual, as well as a body corporate, registered outside India can become a shareholder in Indian Company as per Companies Act, 2013. Following is the list of documents required for company registration procedure. For an Individual
For company registration in India following documents are required to be submitted by a proposed individual shareholder;
For a Corporate Body For company registration in India following documents are required to be submitted by a proposed corporate shareholder;
Apostle Requirement for Documents Every document submitted by foreign citizens or foreign corporate bodies are required to be;
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6/6/2023 03:26:53 pm
If you have new shareholders in the company or any shareholders that need to be removed from the company because they no longer hold shares in the business, you need to update this information on Companies House. You can also change the number of shares held by each shareholder.
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