Intricacies for NRI’s and Foreign citizens in company registration in India

India has been a giant hub for foreign investment and economic activities. Business elites and entrepreneurs from all across the world seek to seize the rich and abundant opportunities available here. With the burgeoning middle-class ready to avail all sorts of luxuries, the country has always been in sight of investors. The young workforce, cheap resources, and a huge potential market make it the business utopia.

Which entity NRI or Foreigner should consider?

Additionally, you also need to look out for the business you are currently doing business in because as per Indian law, there is a sector-wise limit for accepting foreign investment in India under FDI Policy as amended from time to time.

Most of the entities come under the approval route except the Limited Liability Partnership and the Private Limited Company. However, out of the two, private limited company is considered the more appropriate form of business. This is because the private limited company is the only form of business, which can accept foreign investment under the automatic route.

Getting Started with Documents Handy!

By Non-Resident Indians (NRIs)

  • Permanent Account Number card
  • Passport
  • Aadhar card / Voter ID card / Driver’s License
  • Driving license/ Mobile bill/ Any government address proof of the home country

By Foreign Nationals

  • Passport (No PAN card is required)
  • Address proof of the home country in which the person is residing, i.e. driving license, mobile bill, any government address proof of the home country

Getting Ahead with Procedural Requirements

  • At Least One Indian Resident Director:

In most cases, the intricacies inhibit the business plans of NRIs and foreign delegates. In addition, with our professional services, we ease the compliance process.

Foreigners and NRIs who are willing to establish a company in India would mandatorily require at least one Indian resident to operate as director of the company. Sometimes it becomes difficult to find the right person to function as director.

  • Notarization of documents:

Once the NRIs or foreign officials submit the required documents, which include the passport, ID proof, and address proof of the country where they reside, it is essential for documents to be notarized by the Indian government or by the Indian embassy in the corresponding foreign country. We with our long reach help the businesses to facilitate the otherwise lengthy process and provide every small detail entailing the process. The guidelines being slightly different for the NRIs and the foreigners, we help them best properly elaborated.

  • Address for the company:

While the requirement of No Objection Certificate and property tax bill/utility bill is mandatory for the registered office address, the NRIs and foreign elites often face difficulty. To deal with such a problem, the concept of a virtual office is incorporated. Although new in India, it is very effective.

  • DIN and DSC:

One of the most important requirements for the shop to open in India is the Digital Signature Certificate (DSC) and Director Identification Number (DIN). For operating as a director of the company, DIN or Director Identification Number is mandatory. In addition, for obtaining DIN, the Digital Signature Certificate of the applicant is necessary. We provide the clients with the DSC registration form and guide them with all the requirements like the documents required to get Digital Signature Certificate. Once the DSC is prepared, the individual can opt for DIN registration in conjunction with business registration; our consultation also provides advisories on PAN and TAN registration.

  • Naming the company:

Once DIN is ready, the professional may proceed to select the name of the company. The proposed company has to “RUN” for reservation of name. .This is the optional way. The company can also directly apply for the Name in Part A- SPICE + form

  • Incorporation:

The penultimate step is to file the Company incorporation forms. The government’s major initiative to help NRIs facilitate the business operations is entitled as SPICe Plus (Simplified Performa for Incorporating Company Electronically). Once the incorporation forms submit, we need to wait for the approval/resubmission. On grant of approval, the company is formed. Further, you do not need to file the PAN and TAN separately, as they will be, approve to you instantly once the filing is done.

  • Additional Services:

The company gets mandatory registration for PAN, TAN, business registration, EPFO, ESIC, Bank Account. Whereas, the GST is optional and Professional registration is mandatory for Maharashtra to apply through Web Form.

Upon incorporation, all registration will be approved by separate departments, your bank is opened, the next step is to invest money into the bank account as per the capital contribution decided in the incorporation step. Further, once you have received the payment, you need to intimate with the government for compliance.

For Assistance or any information, reach us at for business registrations and compliance

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