Liabilities incurred by the representative office extend to the parent company. No requirement of track record of the parent company as a shareholder. There is no minimum capital required for incorporating a private limited company. No minimum capital requirement conditions.įoreign direct investment is subject to FDI Policy and compliances under Limited Liability Partnership Act, 2008.įor example, FDI is permitted under the automatic route in LLPs operating in sectors / activities where 100% FDI is allowed through the automatic route and there are no FDI linked performance conditions. Alternately, the Project is funded by a bilateral or multilateral International Financing Agency, or a company, or the entity in India awarding the contract has been granted Term Loan by a Public Financial Institution or a bank in India for the Project. The Project must have secured the necessary regulatory clearances and is funded directly by inward remittance from abroad. Secured a contract from an Indian company to execute a project in India. The applicant parent company must show a track record of profit during the immediately preceding five financial years in the home country. Net worth should be greater than or equal to US$100,000 or its equivalent. The applicant parent company must show a track record of profit during the immediately preceding three financial years in the home country. Net worth should be greater than or equal to US$50,000 or its equivalent. Temporary setup that is essentially a branch office established by the foreign parent company for the limited purpose of executing a specific project.įoreign companies can set up WOS in form of private limited companies in sectors where 100% FDI is permittedĪ wholly owned subsidiary, such as private limited company, is treated as a domestic company under India’s Income Tax Law and is eligible for all exemptions, deductions, and benefits as applicable to any other Indian company. Not a separate legal entity from the parent company.
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