A US based client of mine wants to set up business up in india along with a bank account?What is the procedure for this , please let me know right from the beginning and precautions to be taken. |
A US based client of mine wants to set up business up in india along with a bank account?What is the procedure for this , please let me know right from the beginning and precautions to be taken. |
Your client will have to incorporate a Private Limited company in India and then a bank account can be opened in the name of the company. Citibank or HSBC is where the company owned by your client will want to open current account (business banking account).
We have used the services of a Chartered Accountant (CA) firm based in New Delhi, India named D. Batra & Co. ( http://www.dbatra.com/ ) for incorporating a company in India. You can find more details about procedures on their website and then email them if there are any questions. They completed all the documentation and sent it to us for signatures etc. We returned the documentation and wired their fees to their bank in India. The fees included what was payable to Indian government authorities as incorporation fees etc. Ours is a small IT firm looking to hire staff in India for software development and IT support services.
After our company was incorporated they opened a current account for us in HSBC, New Delhi Branch. Complete process starting from incorporation to bank account opening took under 3 weeks.
Hello ! wht kind of business ? i have a project,its around 1 million $(its included Fixed capital & working capital),with in 2 year can cover the investment,Yearly cane earn 75% net profit,if interested please reply to [email protected]