India's startup ecosystem, ease-of-doing-business reforms and 100% automatic FDI in most sectors have made it easier than ever for NRIs to set up shop back home. Here's exactly how to do it without flying down.
Who can register
- NRIs and OCI cardholders (as director and/or shareholder)
- Foreign nationals with a valid passport and address proof
- Foreign companies wanting a wholly-owned Indian subsidiary
Documents required
- Passport (notarised & apostilled) of all foreign directors
- Overseas address proof — bank statement / driving licence
- Indian PAN of every director (we can apply)
- Passport-size photograph and personal email/mobile
- Registered office address in India with utility bill & NOC
Step-by-step process
- Apostille passport & address proof at your country's authority
- Apply for Digital Signature Certificates (DSC) for all directors
- Reserve company name via SPICe+ Part A
- File SPICe+ Part B, MoA, AoA with apostilled documents
- Receive Certificate of Incorporation, PAN & TAN
- Open a current account, remit share capital via banking channel
- File FC-GPR with RBI within 30 days of share allotment
FEMA compliances you can't skip
- FC-GPR — within 30 days of allotment
- FLA return — every year by 15 July
- Annual Performance Report for ODI — 31 December
Need help? Call Cred Compliances at +91 9873602607 or email document@credcompliances.com to start your filing today.