Doing Business with India Conference

DOING BUSINESS IN INDIA :

Cultural Training & Workshop for American & Canadian Executives
 

Legal Outsourcing
 

How to Setup an American Business in India?

American Companies Setting Up Business in India, American Businesses in India, Foreign Businesses Starting Business in India, USA Companies Setting up in India, How to Do Business in India

A growing number of American Business are setting up their businesses in India, which is the world's fastest growing free-market democracy, presents lucrative opportunities for all types of businesses - especially USA companies.

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?

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

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

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

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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