Company formation/Registration, set up sales organisations in India: company formation and accounting support
Indokonnect will provide you with crucial information which plays a key role in choosing the type of legal entity most suitable for your plans and strategies.
When your decision has been made, we will handle all the administrative procedures and complete the registration process for you.
Indokonnect provides a wide array of consulting services on establishment, changing or closing of Wholly-Foreign Owned Enterprises (WFOE or WOFE), Joint Ventures (JV) and Representative Offices (RO). Choosing a proper company structure most appropriate for your business is paramount to success. We will not only advise on this, but will also provide helpful and practical information to the client concerning corporate establishment. By providing advice on formal options when it comes to the rules and regulations involved, analyzing suitable sites and arranging the complete set of documents, we ensure your business gets the proper guidance towards long-term success in the Indian market.
For corporate establishment we offer:
• Advise on the procedure and process of establishing a business entity;
• Prepare all documents and other necessary reference files for establishment of the business entity;
• Register all necessary documentation and conduct administration procedures at government bureaus and proper authorities in India;
• Open a company bank account in India, as well as initiate the capital inflow and capital verification of the business entity in India;
• Hand over the business licence and company stamps upon completion of all the steps.
Acquiring BIS (Bureau of Indian Standards) Certifications
The Bureau of Indian Standards (BIS) is the national Standards Body of India working under the aegis of Ministry of Consumer Affairs, Food & Public Distribution, and Government of India. It is established by the Bureau of Indian Standards Act, 1986 which came into effect on 23 December 1986. The Minister in charge of the Ministry or Department having administrative control of the BIS is the ex-officio President of the BIS.
The organization was formerly the Indian Standards Institution (ISI), set up under the Resolution of the then Department of Industries and Supplies No. 1 Std.(4)/45, dated 3 September 1946. The ISI was registered under the Societies Registration Act, 1860.
One of the major functions of the Bureau is the formulation, recognition and promotion of the Indian Standards. As on 31 August 2013, 19067 Standards formulated by BIS, are in force. These cover important segments of economy, which help the industry in upgrading the quality of their products and services.
BIS has identified 14 sectors which are important to Indian Industry. For formulation of Indian Standard, it has separate Division Council to oversee and supervise the work. The Standards are regularly reviewed and formulated in line with the technological development to maintain harmony with the International Standards.
All foreign manufacturers of products who intend to export to India are required to obtain a BIS product certification license. Towards this, BIS launched its Product Certification Scheme for overseas manufacturers in the year 1999. Under the provisions of this scheme, foreign manufacturers can seek certification from BIS for marking their product(s) with BIS Standard Mark. If or otherwise, the foreign manufacturer has not signed an MoU with BIS, it has to set up a liaison office in India with the permission of Reserve Bank of India. Otherwise, an authorized representative or agent needs to be appointed by the foreign firm.
We offer one of the best services as consultants to companies irrespective of their sizes and nature to help acquire BIS certification. This is done by providing the necessary details and information plus improving the company’s management system and thereby quality standards so the company benefits on a whole.
Market studies and competitive analysis: market sizing, vendor landscape, buying trends, regional potential etc.
We conduct specialised studies to help client understand the market to enable decision making. We collect and assess data and information on relevant fields of production and market participants, as well as conduct informal exchange with customers, partners, employees and competitors.
Exploratory trips, business contact trips: meeting set up, site visits, industry contacts
We establish contact with important customers and sales representatives, communicating on-site in order to obtain relevant first-hand information concerning the market, as well as presenting your brand. We will also closely monitor the usage of own products in the Indian market.
Location analysis: detailed analysis of potential office/ production location on agreed parameters
Market advantages vary from location to location. We will provide you with useful information to help you make informed decisions when you consider the location of your new business venture.
Some of the key factors which play crucial role in finding the most suitable location are: tax advantages, costs and availability of energy supply, price of land or lease, distance from the market and availability of skilled personnel to include on your staff.
Legal/ government clearances/ Custom clearances: Indian regulatory clearances and licences mandated to do business in india
Registering and setting up a foreign business in India often proves more complex than it seems initially. Approvals from multiple local authorities and bureaus, strict adherence to industry specific regulations, and a considerable amount of red tape are just some of the hurdles to be surmounted.
Therefore, it is not surprising that the establishment and incorporation of a company, be it a WFOE (Wholly Foreign Owned Enterprise) or a Representative Office, is typically handled by a local service firm.
Indokonnect has registered dozens of WFOEs and Representative Offices on behalf of its European and American clients. Services for typical company incorporation include the following:
• Choosing the right legal entity
• Handling the administrative procedure
• Guiding you through the registration process
• Ensuring red tape does not delay the incorporation
• Making sure your company is registered within 1 to 3 months, depending on local policies
In addition, Indokonnect offers company secretarial services as well as annual inspections and business license modification procedures
Digital Set up - Local Website, mobile apps (English): website design and production
Localization and Internationalization of a website encompasses customization, as well as translation of websites and web based applications for any country, with the aim of breaking lingual and cultural barriers.
Indokonnect offers web solutions concocted with advanced technology, creativity and cultural knowledge and insight. Indokonnect’s web designers, web developers, copy writers and programmers will ensure that the back-end solution is fully integrated into the aesthetic and visual appeal of the website. In addition, Indokonnect’s web engineers and designers will also adapt your website into any language, besides conducting updates and maintenance on a regular basis.
Indokonnect guarantees that the website will become an effective PR and marketing platform by efficiently communicating with your target countries in their native language and through their familiar cultural sensibilities.
Infrastructure Set up - Branch/ Satellite office, sales organisation: contacts with developers, supervision of development sites, etc.
Establishing a company, arranging for office rental, taking care of accounting and hiring the right staff can cost dearly, in both time and money.
The necessary office space, phone and fax lines, accounting services and IT support will be provided by us, and we’ll find dedicated personnel for your staff as per your instructions and guidance and our supervision.