Drop-shipping is a kind of business where the products to be sold from the third party and are not kept in the store, the products are purchased from the 3rd party and are directly shipped to the customer. In other words, Dropshipping is a form of a retail method where you don’t keep products in stock as inventory. In dropshipping you need to work according to the agreement between you… Read More »Dropshipping Legal Requirements from India
Direct Investment outside India means investment through contribution to the capital or subscription to the MoA (Memorandum of Association) of a foreign entity or through purchase of existing shares of a foreign entity either by market purchase or private placement or by stock exchange, by setting up a JV (Joint Venture) or a WOS (Wholly Owned Subsidiary). Foreign Exchange Management Regulations, 2004 regulate acquisition & transfer of a foreign security… Read More »Overseas Direct Investment Without Remittance of Funds From India
NRIs (Non-resident Indian) / PIOs (Persons of Indian Origin)/ OCBs (Overseas Corporate Body) are permitted to open bank accounts in India. If you are a non-resident Indian (NRI) or PIO the first thing you need to do is have the right bank account to manage your money. Like regular citizens of India, NRIs cannot have standard savings accounts in Indian banks. These kinds of Bank account maintained by foreigner in… Read More »Types of Bank Account Which a Foreigner can Maintain In India
STPI is an abbreviated form of Software Technology Parks (STPI) of India which was established in 1991 as an autonomous society under the Ministry of Electronics and Information Technology). STPI is here to promote software exports from the country and has been implementing STP (Software Technology Park) scheme and EHTP (Electronics Hardware Technology Park) scheme for the promotion of IT/ITES industry. Software Technology Parks of India (STPI) center also adhere… Read More »All about Software Technology Parks of India (STPI)
The establishment of Project Office/Branch Office/Liaison is regulated in terms of Foreign Exchange Management Act, 1999 -Section 6(6) with Foreign Exchange Management (Establishment in India of a BO (Branch Office) or a LO (Liaison Office) or a PO (Project Office) or any other place of business) Regulations, 2016. Business entities registered outside India can establish business operations in India without making & registering a subsidiary company. According to the RBI… Read More »How to Close Project Office/Branch Office/Liaison Office
Fund Contributions which is made to few relief funds & charitable institutions can be claimed as a deduction under the Income Tax Act -Section 80G. Donations which are made to prescribed funds qualify as a deduction. This deduction can be claimed by any taxpayer like individuals, company, firm or any other person. Who Can Claim Income Tax Deduction For Donations Under Section 80G? Any taxpayer whether he/she is resident or… Read More »Income Tax Deduction for Donations
A foreign company can start operations in India by incorporating the subsidiary company under the Company Act, 2013. Subsidiary Office is treated as a domestic company under laws of Indian taxation and is eligible for all exemptions, deduction advantages as applicable to any other Indian Company. The Indian subsidiary company is a company whose interests are held and controlled by another company. Compare to Branch office and Liaison office, Indian… Read More »Subsidiary Office Benefits in India
A special economic zone (SEZ) is an area within a country that is subject to different economic rules and regulations than other regions within the same country. Firstly, the primary objective of this SEZ policy was to enhance foreign investment in India and to provide a globally competitive and conducive environment for exports. Later, legislation was duly passed which allowed SEZs to provide tax breaks to the foreign investors. However,… Read More »Benefits of business in SEZ (Special Economic Zone)
Limited Liability Partnership form of business in India comes under the Limited Liability Partnership Act, 2008 has become a popular form of business entity in India owing to its simplified process for registration & maintenance. LLPs allow many of the small and medium-sized to enjoy a separate legal entity, improve transferability and provide its promoters with limited liability protection. Limited Liability Partnership act as a hybrid entity with benefit of… Read More »LLPs and FDI in India
The Passport (Entry into India) Act 1920, Passport (Entry into India) Rules, 1950, Foreigners Act 1946 & the Registration of Foreigners Rules, 1992 are the acts and rules which governs entry and exit of foreigners into India? The acts, policy and rules relating to entry and exit of foreigners into India are created and governed by the MHA (Ministry of Home Affairs), Government of India. All foreign nationals, including children,… Read More »Indian Visa Requirements for Foreigners