Locals and foreigners alike may have different questions starting a business in India. We worked with 3E Accounting India, one of the leading Corporate Service Providers in the country to answer some of the most common queries of interested individuals:

How to Registration of Company: What are the Types of Companies in India?

On how to Registration of Company, we must first understand the types available. These are the types of companies in India:

Sole Proprietorship: A sole proprietorship is an ownership of a single investor. The investor is liable for all the debts and losses but has the rights to all the profits.

One-Person Company: Contrary to a sole proprietorship, a one-person company stands as a separate legal entity. There isn’t ownership, but rather a share, which is bought by a single person.

Partnership: A partnership is similar to sole proprietorship and doesn’t stand as a separate legal entity. The partners make equal contributions and have equal rights for the important decisions of the company.

Private Limited Company: A private limited company is a proper corporate entity. It stands as a separate legal entity, and there are shares which can be held by up to 200 shareholders.

Public Limited Company: A public limited company is the bigger form of the private limited company. The general public can buy the shares of the firm.

For more information of the company types and requirements, you can refer to a India company incorporation services guide.

What Entities Can Foreigners Open in India?

Foreigners and NRNs can go for a private limited company, public limited company, or branch of their existing company in India. They can also opt to have an offshore company, i.e. they can register their company in another country, but run their operations in India.

How Much Time Does it Take for Registration in India?

With proper guidance and expert help, you can register a company in India in as less as a week. This is given that you have all the documents in place and know the registration process well. Furthermore, there will be some work post registration, like registering for GST, getting the licenses, etc., but you will be able to commence most of your activities right away.