Madaan & Co.
Attorneys at law & Advocates   lawfirm

Multinational Corporations Doing Business in India

AMERICAN 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

Madaan & Co.
Attorneys at law
E-mail:  click here
Fax:  (801) 606-7089
(USA)
WWW.MADAAN.COM

 

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Doing Business with India Conference

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DOING BUSINESS IN INDIA :

Cultural Training & Workshop for American & Canadian Executives
 

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Outsourcing to India Conference
 

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Legal Outsourcing
 


What Every Foreign Business Needs to Know about Doing Business with India?

How to Do Business in India, Multinational Corporations Doing Business in India, American Businesses in India, Investing in India, Trading with India

India, the world's fastest growing free-market democracy, presents lucrative opportunities for all types of businesses - especially USA companies.

INDIA....
  • is the world's second largest small car market
  • is one of only three countries that makes its own supercomputers
  • is the fourth largest economy in the world (measured in terms of purchasing power parity)
  • is one of six countries that launches its own satellites
  • 100 of the Fortune 500 have R & D facilities in India
  • has the second largest group of software developers after the U.S.
  • lists 6,600 companies on the Bombay Stock Exchange; only the NYSE has more
  • is the world's largest producer of milk, and second largest producer of food, including fruits and vegetables
  • sends more students to the U.S. colleges than any other country in the world. In 2007, over 84,000 Indian students enrolled in the U.S.A.
  • Indian pharmaceutical industry is the world's second largest after China

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?

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Steps for Foreign Investors Doing Business with India

For 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

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Business Etiquettes in India

  • Do use titles to address your Indian counterparts, such as “Professor” or “Doctor”. If he/she does not have a title, use “Mr”, “Mrs”, or “Miss”.

  • Do wait for a female business colleague to initiate a greeting whether it is verbal or physical. Indian men do not generally shake hands with women out of respect.

  • Do remain polite and honest at all times in order to prove that your objectives are sincere.

  • Don't be aggressive in your business negotiations – it can be interpreted as a sign of disrespect.

  • Don't take large or expensive gifts as this may cause embarrassment. If you do take a gift make sure you present the gift with both hands.

  • Don't refuse any food or drink offered to you during business meetings as this may cause offence (sample small portions at least). In addition, it is useful to keep in mind that traditionally, and religiously, majority of Indians are vegetarians and do not drink alcohol or smoke.

Also see Mistakes USA Companies make while Doing Business in India

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How to Do Business in India Successfully

Key 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.

 

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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 IndiaWithholding 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

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US and Indian Corporate Compliance Programs

The 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. 

IT  is mandatory to set up corporate compliance programs including cyber law compliance program. If  you company does not have the compliance program, then contact us to help you set up one for you.
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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.

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Services Offered by Us

Madaan & Co. has helped foreign companies in setting up there operations in India and other countries. A careful tax planning is required before opening a subsidiary, branch, joint venture, project office or liaison office in India. We can help you in corporate planning, corporate structuring and setting up in India and other countries. We have also helped US law firms in handling their India related legal work. We can help your law firm or company in setting up in India and other countries. Click here to Contact us

 

Contact us for:

  • All legal services regarding Doing Business in India

  • Incorporating in a company in India

  • Opening a Branch Office

  • Opening a Project Office

  • Setting up Joint Ventures in India

  • Setting up a subsidiary in India

  • Drafting Agreements

  • Negotiating Agreements

  • Setting up Outsourcing in India

  • Dispute Resolution

Our lawyers include those admitted to bar in the United States of America and India. They have undertaken legal maters in the USA, India and Europe. They understand the multi-cultural  and the multi-jurisdictional aspects of international business in this age of globalization. They include those educated at Harvard Law School, Harvard University in the USA and premier universities in India. They believe in high moral and legal ethics.

Contact us for setting up operations in India

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Madaan & Co.
Attorneys at law
E-mail: 
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Fax: +1  (801) 606-7089 (a USA area code)

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Doing Business with 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 | Annual Corporate Filings in India | Mistakes American Companies make while Doing Business in India | Patents in India | Trademarks in IndiaTax Rates in IndiaWithholding Tax Rates For Foreign Companies Doing Business In India Under The Tax Treaties | Joint Ventures in India | FDI in India Sector wise Guide | India Business | Arbitration in India | Cyber Laws of India | Corporate Compliance in India | Corporate Affirmative Action Program in India | How to Outsource Successfully | Investing in Stocks & Mutual Funds in India - Foreign Institution Investors in India | Legal Outsourcing | Outsourcing Agreements | Outsourcing to India | Joint Venture Agreements |  Investing in Real Estate in India  |  Legal Outsourcing | Outsourcing Agreements | Outsourcing to India | Joint Venture Agreements | 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

 

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