Setting up a subsidiary company in India

Question posted by Anthony Cooper, on behalf of UK Trade & Investment in SW1H

Can I set up a fully owned subsidiary company in India in the publishing sector?
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Nitin Dahad, on behalf of UK Trade & Investment in SW1H.

Yes, you certainly could. There are no FDI restrictions in India in this sector, except in the case of current news publications.
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Jeanne-Elise M. Heydecker, on behalf of Sannam S4 in India.

What are your goals for India? Do you plan to distribute only or also manufacture publications here in India? Do you need to hire staff and set up an office? I can help you get started...

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Harsh Khandelwal, on behalf of IndusInd Bank Ltd in India.

Certainly. Just follow RBI Guidelines on the same.
Incase of help contact us

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Animesh Basu, on behalf of Artevea Digital Limited in CB23 6AW.

Foreign companies are allowed subsidiaries in India. Setting up however, will need you to have a strong local support as there are complicated and time consuming procedures and persistent follow up requirements.

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Jeanne-Elise M. Heydecker, on behalf of Sannam S4 in India.

Agree with Animesh on this one. You need to consider the tax implications and how you plan to take revenues out of India. This will determine the best way to structure your business. You can expect business incorporation to take between 3 to 6 months typically, but be prepared for the mountain of paperwork.

Have you done any market research to determine the feasibility of your entry strategy? You may want to start smaller, with a business incubation programme for the first year... We can help you set that up. Visit our web site for more information: www.sannams4.com.

Cheers. :-)

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Les Parfitt, on behalf of TMG Advisory P Ltd in TA8 1EZ.

Hi,
You can certainly set up a fully owned susidary company but you need to be careful on the registration and tax aspects. We have recently set up a small office for a UK medical company and covered all these aspects to their satisfaction, plus we assisted them with hiring local staff to meet their immediate sales requirements.

We can help with all aspects of business set up, so if you are interested then just drop me a line to discuss further.

Best regards,
Les Parfitt
UK Senior Associate Partner - TMG Advisory-INDIA

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Hi,

Yes you can set up a fully owned subsidiary in India. You may have to comply with FDI norms, RBI regulations, FEMA guidlines, Companies Act etc.

We are based in Delhi and specialise in setting up foreign entities in India. In case you need any assistance, please feel free to contact me at sksingh@aksinghco.com. I will happy to share further information about the firm and similar projects handled by us for variety of clients.

Best regards
Sonal Kumar Singh
Partner
M/s A.K Singh & Co.
(Advocates, Solicitors & Consultants)

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Hi there

FDI up to 100% in publishing/printing scientific & technical magazines, periodicals & journals

FDI up to 26% in publishing News Papers and Periodicals dealing in News and Current Affairs subject to verification of antecedents of foreign investor, keeping editorial and management control in the hands of resident Indians and ensuring against dispersal of Indian equity. The detailed guidelines had been issued by Ministry of Information and Broadcasting.

Setting-up usually takes 8-10 weeks.

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Hi,

You can setup 100% wholly owned subsidiary in India engaged in publishing sector. However, it is advisable to have one director based out of India for ease of regulatory and compliance. We are a consulting Company that provide one time services ie registration compliance and other tax and regulatory compliance from Indian tax and regulatory perspective. We shall be glad to assist you in providing you the aforementioned services.

Regards
Piyush

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kiran sharma, on behalf of UK Trade & Investment India in India.

Hi,

In continuation to the responses given by various stakeholders. I wish to reiterate that you could contact the UKTI team to consider plans to set a business in India. We could help you with the right approach and probable partners as well.

Kiraan Sharma
UKTI, India

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