Economy Rank:
5th Largest Global Economy
GDP Growth:
6.5%+ Annual Growth
FDI Inflows:
USD 70B+ Annual FDI
Setup Time:
30-45 Days End-to-End
Key Market Data
GDP (2024)
Value:
USD 3.7 Trillion
Source:
World Bank
GDP Growth Rate
Value:
6.5% projected
Source:
IMF
Population
Value:
1.4 Billion
Source:
Census 2024
Working Age Population
Value:
900 Million+
Source:
Government of India
Ease of Doing Business
Value:
63rd globally
Source:
World Bank
FDI Inflows (2023-24)
Value:
USD 70 Billion+
Source:
DPIIT
Internet Users
Value:
800 Million+
Source:
TRAI
English-Speaking Workforce
Value:
125 Million+
Source:
British Council
Key Industries
Technology and IT Services
Growth Driver:
GCC expansion, digital transformation
Manufacturing
Growth Driver:
PLI schemes, China+1 strategy
Financial Services
Growth Driver:
Fintech growth, insurance expansion
E-commerce and Retail
Growth Driver:
Digital adoption, consumption growth
Pharmaceuticals
Growth Driver:
Global supply chain, R&D centers
Renewable Energy
Growth Driver:
Green transition, policy support
Strategic Advantages
No items found.
Entity Comparison
Recommendation by Scenario
US/UK company wanting full India operations
Entity:
Private Limited Company (WOS)
Full flexibility, limited liability, tax treaty benefits
Setting up a Global Capability Center
Entity:
Wholly Owned Subsidiary
100% control, transfer pricing clarity, SEZ eligibility
Consulting or professional services firm
Entity:
LLP
Flexibility, pass-through benefits, lower compliance
Testing India market before commitment
Entity:
Liaison Office
Low cost, no commercial risk, 3-year exploratory period
Executing specific infrastructure project
Entity:
Project Office
Project-specific, time-bound, tax-efficient
Company Formation
Private Limited Company
Timeline:
30-45 days
Full incorporation including name approval, DSC, DIN, MOA/AOA, ROC filing
LLP Registration
Timeline:
25-35 days
Partner registration, LLP agreement, incorporation certificate
Wholly Owned Subsidiary
Timeline:
30-45 days
100% foreign-owned subsidiary setup with FEMA compliance
Branch Office
Timeline:
3-5 months
RBI approval, registration, authorized representative setup
Liaison Office
Timeline:
45-60 days
RBI approval, non-commercial presence establishment
Project Office
Timeline:
30-45 days
Contract-specific registration for foreign contractors
Accounting and Tax
Monthly Bookkeeping
Full incorporation including name approval, DSC, DIN, MOA/AOA, ROC filing
GST Compliance
Registration, monthly returns, reconciliation
Corporate Tax
Advance tax, annual returns, tax planning
Transfer Pricing
Documentation, benchmarking, Country-by-Country Reporting
TDS Compliance
Quarterly returns, certificates, annual reconciliation
Payroll and HR
Monthly Payroll
Salary processing, payslips, bank transfers
Statutory Compliance
PF, ESI, Professional Tax, Labor Welfare Fund
EOR Services
Hire employees without entity through Employer of Record
Compliance
Statutory Audit
Coordination with auditors, audit-ready preparation
ROC Compliance
Annual returns, board resolutions, statutory filings
FEMA Compliance
Foreign investment reporting, ECB compliance, ODI filings
Secretarial Services
Board meetings, AGM, director KYC, register maintenance
No items found.
No items found.
Entity Compliance
Annual Return (MGT-7)
Frequency:
Yearly
Deadline:
Within 60 days of AGM
Penalty:
INR 100-500 per day
Financial Statements (AOC-4)
Frequency:
Yearly
Deadline:
Within 30 days of AGM
Penalty:
INR 10,000 to 5 Lakh
Director KYC (DIR-3 KYC)
Frequency:
Yearly
Deadline:
September 30
Penalty:
INR 5,000 per day
Annual General Meeting
Frequency:
Yearly
Deadline:
Within 6 months of FY end
Penalty:
INR 1 Lakh + 5,000/day
Board Meetings
Frequency:
Quarterly
Deadline:
Minimum 4 per year
Penalty:
INR 25,000 per director
Tax Compliance
GST Returns (GSTR-1, GSTR-3B)
Frequency:
Monthly
Deadlines:
11th and 20th of following month
TDS Returns
Frequency:
Quarterly
Deadlines:
31st of month following quarter
Advance Tax
Frequency:
Quarterly
Deadlines:
June 15, Sep 15, Dec 15, Mar 15
Corporate Tax Return
Frequency:
Yearly
Deadlines:
October 31
Transfer Pricing Report
Frequency:
Yearly
Deadlines:
November 30
No items found.
By the Numbers
15+
Years in Business
500+
Companies Served in India
75+
Team Size
95%+
Client Retention
No items found.
No items found.
No items found.
Trust Indicators
ICAI Member:
Institute of Chartered Accountants of India
ISO 27001:
Information Security Management
500+ Companies:
Clients served in India
15+ Years:
Experience in India market
Contact
India Office:
+91-XXXXXXXXXX
WhatsApp:
+91-XXXXXXXXXX
Email:
india@vjmglobal.com