Home › India entry
🌏 For foreign companies and NRIs

Most of what you will read about doing business in India is out of date.

Not wrong when it was written — overtaken. India changed its foreign investment rules, its PAN forms, its tax Act and its treaty practice inside two years, and most published guidance has not caught up. Acting on the old version costs money, and it is usually the adviser who sounds most certain who is furthest behind.

Here is what actually applies now, what we handle, and — set out plainly — what we would send you to somebody else for.

✓ 39 guides · 387 answered questions ✓ Written on the Income-tax Act, 2025 ✓ Answered in your timezone

Five things that changed — and what you will still be told

Every line on the left is advice that was correct once and is repeated today by firms, blogs and assistants. Each one is now wrong, and each is a real cost if you act on it.

Form 49AA for a foreigner's PAN
→
Withdrawn on 1 April 2026. It is Form 95 for an individual, Form 96 for a foreign entity.
No FDI from a bordering country, at any percentage
→
Relaxed in 2026. An indirect interest below 10% with no control now uses the automatic route.
Watch out for angel tax on your share premium
→
Abolished from AY 2025-26 for every investor. The FEMA floor price is what constrains you now.
Claim 5% on dividends to a Dutch parent
→
Gone since the Supreme Court ruled in October 2023 that an MFN clause needs a notification.
Set up in an SEZ or STPI for the tax holiday
→
Both closed to new units years ago — SEZ in 2020. Anyone offering it is working from old material.

Every one of these is dated and sourced on the page it links to. If your current adviser disagrees with any of them, that is worth a conversation before you act.

Start where you actually are

🏗
I am setting up in India

Structure, ownership, what it costs and how long it takes. Start with whether your sector is even open to you.

Choosing a structure →
🌏
I am an NRI with Indian income

Residential status decides everything else. Work that out first, then rent, property, shares and what you may still hold.

Check your status →
⚠️
Something has already gone wrong

A notice, a filing missed, money stuck at a bank, or tax withheld you think is wrong. These are usually fixable and usually time-bound.

See what it means →

Two numbers worth having before you decide anything

Calculator
How much of your Indian profit actually reaches you?

Money crosses two taxing points on the way out, and most people model only one. See the full waterfall in rupees.

Work out your number →
Calculator
Employer of record, or your own company?

Salary and statutory cost are identical either way, so the real question is narrower than the vendors make it. Find your break-even headcount.

Find the break-even →

What we do, and what we will not pretend to do

✓ Ours
  • FDI policy and the entry route for your sector
  • Entity setup — subsidiary, LLP, branch, liaison, project office
  • FEMA and RBI reporting — FC-GPR, FC-TRS, FLA, ECB
  • Income tax, withholding and treaty positions
  • GST registration, returns and refunds
  • Transfer pricing documentation and the accountant's report
  • Payroll compliance — provident fund, insurance, professional tax, salary tax
  • ROC filings and the annual compliance calendar
✗ Not ours — we will say so and introduce you
  • Visas and immigration
  • Employment law — contracts, termination, workplace policy
  • Data protection programmes under the DPDP Act
  • Consumer, e-commerce and advertising law
  • Contract drafting and disputes
  • Competition, environmental and product-standards approvals
  • Market sizing, city selection and partner diligence
  • Audit sign-off and certificates reserved to a chartered accountant in practice

A foreign founder cannot easily tell an Indian firm that is genuinely competent in an area from one that will take the work anyway. We would rather be the firm that tells you where its expertise stops — it costs us a few enquiries and it means the work we do take, we can actually deliver.

The full library

39 guides and 387 answered questions, kept current against the Income-tax Act, 2025 and the 2026 rules. Free, no sign-up, no email gate.

Getting started
Company Registration in India for Foreigners
16 questions answered
Set Up a Business in India
13 questions answered
India Market Entry Services
13 questions answered
Independent, Resident and Nominee Directors in an Indian Company
10 questions answered
Which Indian Laws Apply to a Foreign-Owned Business
21 questions answered
Choosing a structure
Wholly Owned Subsidiary in India
13 questions answered
Branch Office in India
5 questions answered
Liaison Office in India
5 questions answered
LLP in India for Foreign Investors and NRIs
5 questions answered
Setting Up a Captive or GCC in India
8 questions answered
Setting Up in GIFT City IFSC
8 questions answered
Can you invest at all
FDI in India
15 questions answered
Angel Investment in Indian Startups by Foreigners and NRIs
8 questions answered
Funding Your Indian Company as a Foreign Owner
6 questions answered
Foreign Majority Owner vs the Indian Resident Director
7 questions answered
Money in and out
FEMA Compliance in India
12 questions answered
PAN and TAN for Foreign Nationals and Foreign Companies
20 questions answered
Compliance Form Due Dates
20 questions answered
Reverse Flip to India
7 questions answered
People and payroll
Employer Compliance in India
8 questions answered
Hiring in India Without an Entity
8 questions answered
Working From India for a Foreign Company With No Indian Entity
8 questions answered
Tax treaties
India-USA DTAA
11 questions answered
India-UK DTAA
9 questions answered
India-Singapore DTAA
10 questions answered
India-UAE DTAA
9 questions answered
India-Germany DTAA
8 questions answered
India-Canada DTAA
7 questions answered
India-Australia DTAA
7 questions answered
India-Japan DTAA
7 questions answered
India-Netherlands DTAA
7 questions answered
For NRIs
NRI Residential Status
13 questions answered
Returning to India
10 questions answered
What an NRI Can and Cannot Hold in India
12 questions answered
Running it
Software Export Compliance in India
8 questions answered
GST Registration for a Foreign-Owned Company Without Delays
9 questions answered
Transfer Pricing in India
10 questions answered
UK Company Setting Up in India
7 questions answered
If you have received something
📄 Defective Return Notice (139(9))
What it means and what to do
🧾 Intimation under Section 143(1) (143(1))
What it means and what to do
📡 e-Campaign on Significant Transactions (e-Campaign)
What it means and what to do

Tell us what you are planning

A few lines is enough to start. We will come back with the route, the sequence and a fee — and we will tell you plainly if something you are planning will not work, or if you need somebody other than us.

No obligation, and no charge for the first conversation. We answer in your timezone, not only in IST.

Common questions

Can a foreigner own 100% of a company in India?

In most sectors, yes, under the automatic route with no prior government approval — only reporting to the Reserve Bank afterwards. A short list of activities is closed to foreign investment and some sectors are capped. A separate rule applies where the ownership chain runs back to a country sharing a land border with India, and that rule was relaxed in 2026 so that a small, non-controlling indirect interest no longer forces the approval route. The sector and the ownership chain are the first two things to settle, because they decide the structure.

How long does it take to set up and actually start trading?

Five to eight weeks from a standing start is realistic for a subsidiary that can trade. Incorporation itself is about five to ten working days once documents are in hand; the two things that take the time are getting your documents apostilled in your own country, which is one to four weeks, and opening the bank account, which is three to twelve weeks depending on how complex the ownership is. Note also that a company may not begin business until the subscription money is paid in and a declaration is filed, which catches people who start invoicing on the day the certificate arrives.

Do I need an Indian partner or an Indian director?

You do not need an Indian partner in most sectors — you can own the company outright. You do need at least one director who is resident in India, meaning someone who stayed here 182 days or more in the financial year. That is a residence test, not a citizenship test, and the person need not hold any shares. What you almost certainly do not need is an independent director: private companies are exempt from that requirement entirely, and so is a wholly owned subsidiary even when it is a public company above the thresholds.

How do I get my profits out of India?

Dividends, service fees, royalties, interest, a share buyback, or the sale of your shares — six routes, each with a different tax cost and a different paper trail. There is no ceiling on the amount. What matters is that Indian tax is paid, the treaty rate is actually claimed with a residency certificate and the right form on file before the remittance, and each transfer goes out with the prescribed declaration. The calculator on this site prices the dividend route end to end.

I am an NRI. Where should I start?

With your residential status, because everything else follows from it — whether India taxes your worldwide income or only your Indian income, and whether you must disclose foreign assets. It is a day count applied after the year ends, but there are five tests stacked on each other and one threshold that is very widely misstated. If you have recently returned to India, the RNOR window is worth understanding before it closes rather than after.

What do you charge?

It depends on the work and we quote before starting, not after. There is no charge for the first conversation or for telling you which route applies to you — including when the answer is that you do not need us yet, or that you need a lawyer instead. Where we do quote, it is a fixed fee for defined work rather than an hourly rate, so you know the number before you commit.

Are you a chartered accountancy firm?

We are a tax, GST and corporate compliance advisory firm, and chartered accountants review our work. Where something requires certification by a chartered accountant in practice — a statutory audit, a tax audit, Form 15CB, an Annual Activity Certificate — that is carried out and signed by an independent chartered accountant, and we coordinate it. We are clear about this because the distinction is a real one and you are entitled to know who is signing what.

💬