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Multinational Corporations Doing Business in IndiaAMERICAN COMPANIES DOING BUSINESS IN INDIA - Guidelines, AMERICAN BUSINESSES IN INDIA, Multinational Corporations (MNC's) Doing Business in India, USA Companies in India, How Is Business Conducted in India, Foreign Investment in India, Trading with India, How to Negotiate in India? Guide for International Business for Doing Business in India, American Companies in India, Doing Business in India Problems & Solutions - Guide for International Businesses |
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The Indian market with its one billion plus population, presents lucrative and diverse opportunities for USA Companies with the right products, services, and commitment. India’s GDP, growing at 8.7%, makes it one of the fastest growing economies in the world and the second fastest in Asia. India has potential for a sustained growth of 8-10% for the next couple of years. Now is the time for U.S. companies to enter the rising Indian market. Does your company have an India strategy? Does your company have a plan about how to do business in India? Does your company knows what is the best way to enter India? Does your company know what corporate structure is best suited for your requirements in India? Does your company know what corporate entities are available for doing business in India? Does your company know what approvals are required before investing in India? Does your company know what kind of joint venture partner is good for your company? Does your company know what are legal requirements of doing business in India?
Steps for Foreign Investors Doing Business with IndiaFor a foreign Investor planning to do business in India it is very important to choose a right kind of business or corporate entity which best suits its purposes and takes care of liability issues and tax planning issues. Foreign Companies planning to do business in India should pay special attention to Entry Strategies in India for Foreign Investors and corporate structuring to save taxes to the best extent allowed by laws and international tax treaties. It is also mandatory for foreign investors or foreign shareholders, both individuals and corporate shareholders, to seek Government Approvals for Investing in India In some special cases Foreign Investment Promotion Board, FIPB Approval for Foreign Investment in India is required. In other cases Reserve Bank of India, RBI Approvals for Foreign Investment in India is required. The sectors where RBI Approval for foreign investors is available under automatic route can be found at FDI in India Sector wise Guide. There are various steps required to establish a business in India, before and after incorporation, as mentioned hereinafter. See the Procedure for Formation of Company in India. Also see Mistakes USA Companies make while Doing Business in India
Business Etiquettes in India
Also see Mistakes USA Companies make while Doing Business in India
How to Do Business in India SuccessfullyKey factors to doing business successfully in India include: finding right law firm which has knowledge of local laws and regulations as well as USA regulatory requirements; finding good local partners; good planning; aggressive due diligence and follow up; and patience and commitment.
How to do Business in India?In a diverse and complex country like India, it’s difficult to impart generic conclusions that could be used by those wanting to do business here. Regionalism, religion, language and personal values are all factors that need to be taken into account when doing business in India. Behavior, etiquette and approach are all modified depending on whom you are addressing and the context in which they are being addressed. No matter what the industry is, foreign businesses should expect some degree of differences in business norms in India. Included below are some basic business and legal points which are helpful for foreign companies doing business with India: Doing Business in India for Foreign companies - Free Guide | Incorporating company in India | Procedure for Formation of Company in India | Formation of Subsidiary in India | Starting a Business in India | Opening Branch in India | Tax Rates in India | Withholding Tax Rates For Foreign Companies Doing Business In India Under The Tax Treaties | Joint Ventures in India | FDI in India Sector wise Guide | Cyber Laws of India | Corporate Compliance in India | How to Outsource Successfully | Investing in Stocks & Mutual Funds in India - Foreign Institution Investors in India | Outsourcing to India | Government Approvals for Investing in India | Entry Strategies in India for Foreign Investors | FIPB Approval for Foreign Investment in India | RBI Approvals for FDI in India | Mistakes USA Companies make while Doing Business in India
US and Indian Corporate Compliance ProgramsThe US Companies or American Companies who do business overseas have to comply with the US laws regarding foreign investment including US Foreign Corrupt Practices Act.
In addition, all the Multinational Companies Doing Business in India have to comply with the corporate and other laws of India including cyber law compliance. The cyber law mandates all companies to have an information technology security policy. This documents the architecture of the network, the roles and responsibility of employees, security parameters and authorization required for data access, among other things. Other compliances that are required include relate to retention and authentication of electronic records and security of data. Some of the companies doing business in India are setting up voluntarily affirmative action programs. Not complying with the US and Indian laws may result in sanctions against the company.
Contact us for setting up operations in India
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