BUSINESS SET UP ADVISORY

Global economic growth has already begun to move toward emerging countries. As one of the world's fastest-growing economies, India provides numerous prospects for firms wishing to develop their operations in India. To penetrate into India's growing commercial sector, you must have a physical presence. However, the correct kind of presence may make or break a situation.

With a population of 1.3 billion people, India is a popular business destination for individuals all over the world. Establishing a business in a foreign country, especially a developing country like India, necessitates the correct professional assistance. From the Liaison Office to the Branch Office and Project Office, HITESH PRASHANT & ASSOCIATES LLP, CHARTERED ACCOUNTANTS will provide you with the best services.

THE LIAISON OFFICE IN INDIA

A liaison office is a type of representative office. Setting up a liaison office in India is the first step in investigating and comprehending the country's business and investment climate. A Liaison Office can help with liaison activities such as establishing communication between parties in India and the Head Office in other countries.

As a result, the role of such an office is limited to gathering sufficient information on potential market opportunities in India, providing adequate details about the parent company and its products, and providing sufficient details on the source of supply to Indian consumers, or vice versa, to its vendor.

BRANCH OFFICE IN INDIA

A foreign company can operate easily in India by establishing a Branch Office. Prior to establishing a branch office, the parent firm must acquire approval from the Reserve Bank of India and register with the ROC. This type of branch office is classified as a foreign entity and is subject to a higher income tax rate of up to 40%.

Before we begin, you should be aware that you must first be eligible to get your branch office registered in India. If the foreign company is a subsidiary and is therefore disqualified, the parent company must have obtained a Letter of Comfort (LOC).

PROJECT OFFICE IN INDIA

A foreign company can operate easily in India by establishing a Branch Office. Prior to establishing a branch office, the parent firm must acquire approval from the Reserve Bank of India and register with the ROC. This type of branch office is classified as a foreign entity and is subject to a higher income tax rate of up to 40%.

Before we begin, you should be aware that you must first be eligible to get your branch office registered in India. If the foreign company is a subsidiary and is therefore disqualified, the parent company must have obtained a Letter of Comfort (LOC).

ENTRY STRATEGY

Market Entry Strategy

As India increasingly emerges as a major market for global businesses, most must investigate the Indian business landscape in order to tap the expanding market or seek resources.

By using our vast expertise of the Indian business climate, HITESH PRASHANT & ASSOCIATES LLP, CHARTERED ACCOUNTANTS develops a strategy for Global Clients to enter the Indian market

Industry Structure and Landscape

We do a thorough examination of the targeted industry segment and the competencies required to service them.

A detailed study of the industry structure (current market size, potential market size, and demand-supply dynamics), the study of end-user application segments, competitors (current and potential, market share), marketing and promotion strategies, emerging market trends, and so on are all part of industry landscaping.

The track record should show a disciplined approach and the capacity to follow through on the outlined strategy. The amount of money obtained should be properly justified by the size of the apparent investment opportunity and the manager's resources. The investment plan should be appealing in light of the broader economic backdrop, which will influence the market opportunity.

Global Expansion Strategy

Through our alliance around the world, we can help you develop and implement global strategies that will power your organization’s growth.

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS combine our strategy expertise with local market knowledge to facilitate your access to new markets.

Partner Selection Strategy

The pursuit of growth and the desire to supplement competencies frequently leads to organizations looking to collaborate with partners all over the world. Working with the correct partner, on the other hand, is vital to success.

Prior to the transaction, HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS will evaluate and identify possible targets for you, as well as examine the strategic and operational fit between both organizations.

We assist organizations in clearly defining the drivers, objectives, and consequences of a strong partnering strategy. We search the market for potential partners, solicit expressions of interest, and assist in the selection of two to three perfect partners based on well-specified selection criteria. We examine and make arrangements for the strategic and operational fit between both entities based on the selected partner.

Strategic and Commercial Due Diligence

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS provides this service to Private Equity/M&A firms, MNCs, and clients interested in strategic alliances, acquisitions, mergers, or investments as a means of growth.

Our goal is to assist in understanding how to truly produce value through the proposed investment while minimizing the chance of failure.

We assist clients in validating their investment hypothesis by clearly describing the potential and expected returns, as well as developing an impartial and objective evaluation of the proposed investment. A valuation exercise is frequently used to support this.

CLOSING STRATEGY

CLOSING DOWN OPERATIONS

Closing down a dead operation is usually not a pleasing task for a local accountant. HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS see it with a different view. We offer our clients a close-down team that specializes in this work.

APPOINTMENT OF LIQUIDATORS

It is inevitable that some companies move into liquidation. The process of liquidation is elongated & also requires high levels of statutory compliance. It involves various complicated, country-specific regulatory norms. HITESH PRASHANT & ASSOCIATES LLP, CHARTERED ACCOUNTANTS cannot be the liquidator but we liaise with and support the liquidator by providing him with key historical accounting information.

REGULATORY FILINGS

Closing down a foreign entity generally provokes a tax and G.S.T tax investigation. Company resistance, therefore, needs to be watertight. HITESH PRASHANT & ASSOCIATES LLP, CHARTERED ACCOUNTANTS cessation team ensures, this is the case and works with regulators to ensure their satisfaction and withdraw any objections to a shutdown.

What HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS Offers

HP & ASSOCIATES LLP, CHARTERED ACCOUNTANTS offers a unified one-stop shop solution to better safeguard you and your business. By working with us, you can be confident that finance and administration support for your international activities will be delivered efficiently and effectively, and that you will be able to operate safely abroad. We are a self-sustaining independent service provider with no ties to or investments in us from sensitive third parties such as your bank!