India Market Entry . Ex-KPMG Advisory

Foreign Company Registration
in India – Complete Guide

How to register a foreign company in India – entity types, FDI routes, RBI filings, and compliance timelines. Ex-KPMG CA team. 100+ foreign companies registered.

What It Means

Foreign company registration in India – what it actually involves

Registering a foreign company in India is not a single form – it is a multi-step process involving the Ministry of Corporate Affairs (MCA), the Reserve Bank of India (RBI), and in most cases, the GST department and income tax authorities. The process differs significantly depending on the entity type you choose and the FDI route applicable to your sector.

The right structure must be decided before any filing begins. Choosing incorrectly – for example, setting up a branch office in a sector that requires a subsidiary – creates expensive restructuring work later. Getting the transfer pricing model wrong at incorporation means years of audit exposure.

India has four main options for foreign companies entering the market: a Private Limited Company (wholly owned subsidiary), a Limited Liability Partnership, a Branch Office, or a Liaison Office. Each has different tax rates, FDI conditions, revenue permissions, and compliance obligations.

Your Options

Four ways a foreign company can be registered in India

Private Limited Company (WOS)
Tax rate25.17%
FDI routeAutomatic in most sectors
RevenueFull commercial
Best for: Most foreign companies – full operations, fundraising, hiring
Limited Liability Partnership
Tax rate30%
FDI routeGovernment approval required
RevenueFull commercial
Best for: Professional services firms, JVs with Indian partners
Branch Office
Tax rate40%
FDI routeRBI approval required
RevenueLimited – only parent's activities
Best for: Exporting goods/services, research only
Liaison Office
Tax rateNil
FDI routeRBI approval required
RevenueNone – no commercial activity
Best for: Market research, promoting parent company only

* Most foreign companies choose a Private Limited Company (WOS). Branch and Liaison offices are rarely the right choice without a specific reason.

The Process

Step-by-step: how foreign company registration works in India

1
Structure decision & FDI analysis Day 1

We assess your business model, sector, and India objectives to recommend the right entity type and FDI route. This includes DTAA analysis, PE risk assessment, and an initial transfer pricing framework. This step is free as part of the initial consultation.

2
Digital Signature Certificates (DSC) Days 2 - 3

All proposed directors require DSCs. For foreign nationals, this requires passport copy, address proof, and notarisation. We handle the filing.

3
Director Identification Number (DIN) Days 3 - 5

Each director requires a DIN from MCA. For foreign directors, we file Form DIR-3 with apostilled documents.

4
Name reservation via RUN Days 4 - 6

Company name is reserved through MCA's RUN (Reserve Unique Name) system. We check trademark conflicts and regulatory restrictions before submission.

5
SPICe+ filing with MCA Days 6 - 14

The main incorporation form – includes MOA, AOA, registered office, PAN, TAN, and GSTIN application. Certificate of Incorporation typically issues within 7 - 12 working days of document submission.

6
RBI FCGPR filing Within 30 days of share allotment

Foreign Currency Gross Provisional Return – mandatory for all foreign investment under FEMA. We file via the RBI's FIRMS portal.

7
Bank account & post-setup Weeks 3 - 5

Current account with an Indian bank, GST registration, TDS registration, payroll setup, and a compliance calendar handed over ready to use.

Real Client Example

How it works in practice

🇺🇸
USA . SaaS Company . Series B

Cloud analytics platform registered in India in 19 days

The challenge

The company needed an India entity before their first engineering hire arrived in Bangalore. Time pressure was significant – payroll had to be live within the month.

What we delivered

Private limited company incorporated, FCGPR filing completed, transfer pricing policy documented, first payroll run – all within 30 days of engagement.

v

TP documentation completed in week 2, before a single hire was made. No audit exposure from day one.

Common Mistakes

What foreign companies get wrong

!
Choosing the wrong entity type

Many foreign companies default to a branch office because it sounds simpler. In practice, a branch pays 40% tax, has restricted revenue activities, and requires RBI approval. A Private Limited Company is almost always better.

!
Not setting up transfer pricing before the first intercompany transaction

Transfer pricing documentation is legally required from the first payment between the India entity and its foreign parent. Companies that get this wrong at incorporation face back-audits and penalties up to 2x the underpaid tax.

!
Missing the FCGPR 30-day filing window

FEMA requires the FCGPR to be filed within 30 days of share allotment. Missing this deadline requires a compounding application – a formal RBI regularisation process that takes months and attracts penalties.

!
Registering in a sector with FDI restrictions without checking

Some sectors require Government approval route FDI. Registering under the automatic route in a restricted sector voids the investment and requires a costly restructuring.

Cost & Timeline

What does foreign company registration in India cost?

Government filing fees (MCA + RBI)
Depends on authorised share capital
Rs.5,000 – Rs.15,000
Professional fees – incorporation
Varies by complexity, foreign director requirements
Rs.50,000 – Rs.1,50,000
FCGPR + FEMA filing
Included in our engagement
Rs.25,000 – Rs.50,000
Transfer pricing policy
Strongly recommended at incorporation
Rs.40,000 – Rs.80,000
Typical total (standard case)
All-in, including TP documentation
Rs.1.5 – 3 lakhs

Timeline: 19 - 30 working days for a standard case. Sectors requiring Government approval take 6 - 12 weeks longer.

FAQ

Frequently asked questions

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