India is a top destination for global businesses expanding in Asia. With a vast consumer base, a rapidly growing digital economy, and supportive government policies, it offers a dynamic environment
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Criteria
Details
Currency:
Indian Rupee (INR)
Official Language:
Hindi, English (widely used for business)
Ease of Doing Business Rank:
No longer ranked (World Bank discontinued report), but India remains attractive for FDI
Average Time to Set Up a Business:
7–10 days
Corporate Tax Rate:
22% (domestic companies); 15% (new manufacturing companies)
VAT (GST) Standard Rate::
18%
VAT Registration Threshold:
INR 20 Lakhs (approx. $24,000)
Dividend Tax Rate:
0% (dividends are taxed in hands of shareholders)
Personal Income Tax Rate:
5% to 30%
Company + Employer Contributions:
Provident Fund (EPF): 12% (Employer) + 12% (Employee); ESIC: 3.25% (Employer), 0.75% (Employee)
Minimum Share Capital:
No minimum for Pvt Ltd companies
Bank Account Requirements:
Mandatory for registration and capital deposit
Accounting Requirements:
Annual financial statements + GST returns
Audit Requirements:
Mandatory if turnover exceeds INR 1 crore (approx. $120,000)
Business License Requirements:
Varies by activity (FSSAI, GSTIN, Shops & Establishments)
Immigration Policy:
Buisness visa, investor visa, OCI card for foreign nationals of Indian origin
Immigration Policy:
Annual RoC filling, ITR, GST returns, statutory audit if applicable
India is a key destination for global businesses, offering a massive consumer market, startup-friendly tax policies, and a cost-effective, tech-driven talent pool. It provides an ideal environment for investment and growth.
Bizonaire simplifies company formation with tailored services, handling registration, banking, and global expansion for a seamless start.
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Build a credible business presence with Bizonaire’s virtual office services, including a prestigious address, professional mail handling, and on-demand workspace.
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Ensure financial stability with Bizonaire’s accounting services, covering bookkeeping, tax compliance, audits, and payroll—so you can focus on growth.
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