Large business setup in India
Starting a large company requires thorough planning and effort, especially considering the unique challenges and considerations involved in launching a corporation. Let’s explore the benefits of establishing a large company in India and how our tailored solutions can help ensure your success.
The process of setting up a large business
Creating a big business in India is similar to starting a small or medium-sized business, but because of its size and complexity, it usually takes more time and resources. The steps involved in the process are:
Choose a business name
The name of the business must be original and not currently in use. The India Trade Registry’s website can be used to verify the availability of a name.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your significant business. We offer expert advice on various options such as Private Limited Company, Public Limited Company, Joint Venture, Branch Office, and Holding Company to assist you in making a well-informed decision that suits your specific needs and future goals.
Set up legal address
Establishing a legal address is crucial when launching a business, as it acts as the primary point of contact for government agencies, legal entities, and crucial business communications. Selecting a legal address that complies with local regulations and fits your business needs is essential.
Get the necessary paperwork ready
Our team of specialists will assist you in developing detailed and tailored documentation that aligns with your company’s structure and objectives. We promise compliance with all legal regulations and will manage the filing process on your behalf.
Open a bank account
We will help you with the process of opening a bank account, making sure that your company follows the regulations and selecting a reputable financial institution for your account in India.
Company registration
We manage the registration process with entities such as the Trade and Companies Register and tax authorities, freeing you from administrative duties. This ensures that your business is recognized and compliant with the law from the beginning.
Setup accounting
In order to effectively start a major business, it is crucial to keep precise financial documentation. Our group of accounting professionals can assist in establishing efficient accounting and bookkeeping methods that adhere to the regulations in India.
Large business examples
Larger businesses operate in various industries and sectors, each having their own specific requirements. The following are examples of larger businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in India
India is an attractive location for establishing large businesses, providing numerous benefits:
Strategic location
India has a large and varied market with a developing economy and a proficient workforce, especially in technology, manufacturing, and services. The country’s expanding middle class and government efforts to encourage investment and entrepreneurship create many possibilities for businesses interested in entering its dynamic and changing market.
Favorable tax regime
India’s corporate income tax rate ranges from 25% to 30%, which is considered progressive. The government has implemented several initiatives to facilitate business operations, with particular industries and startups potentially qualifying for special rates.
Banking
India’s banking industry offers a large and ever-changing market for financial inclusion, digital banking, and investment in one of the fastest-growing economies globally.
Our Large business setup solutions
We understand the value of your time and resources. That is why we offer two convenient choices to make the company formation process easier.
Business formation online
By utilizing the online platform offered by India, individuals can start and finish the process of setting up a business from any location worldwide. The option to track advancement, submit necessary paperwork, and access our services via secure digital channels guarantees an effortless and convenient process.
Business formation remotely
If you like a more hands-off approach, we are able to manage all the necessary paperwork for you. Our team of professionals will handle all the formalities, complete the required paperwork, and communicate with the relevant authorities on your behalf to ensure your peace of mind.
Contact us
Contact us today to schedule a consultation and begin pursuing your business goals. Let’s embark on this journey together.