Starting a business is not an easy job. An Entrepreneur has to be well informed of the statutory regulations before starting a business otherwise the entrepreneurs will have to face unnecessary hurdles. We at Jkpp and Associates guide the Entrepreneurs to choose right form of business and also get the necessary licenses and approval required for setup.
Frequently Asked Question
Proprietory firm, partnership firms, Limited Liability Partnership, Company are the Preferred form of doing business India.
The Foreign Investment is allowed only in LLP’s (after FIBP approval) and for Companies (automatic or Govt route). However the PIO and OCI card holders can invest in Proprietory or partnership firm subject to certain restrictions.
3 Essential Steps to be taken when starting a business in India.
i) Obtain necessary investment approvals from Government
ii) Incorporate a business entity.
iii) Obtain statutory registrations and licenses
Registration Under Shops and Establishment act.
And other registrations depending on the type of business
It takes around 30 days to setup company form of business In India.
Foreign Direct Investment (FDI) can be made under two routes, Automatic route, and Government route. Under the automatic route, the foreign Investor or the Indian company does not require any approval from RBI or government of India for the Investment.