Registering a business in India, advice, pitfalls and checklist question.

#1 Nov 11th, 2015, 00:05
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  • boatmasterlondon is offline
#1
Hi, I hope you guys may be able to help?

Time has come for me to set up an Indian business with my Indian business partner. He's a great Boat Captain but as he left school at a very early age he cannot read not write very well, but his mental arithmetic is excellent. :-)

We are getting an Indian Lawyer to draw up the paperwork for is, but I don't want to totally rely on the solicitor for the complete paperwork and would like to have an informed opinion before I sign to anything.

Plus I would like to know what may be involved regarding the checklist of information, documents and anything else to help the smooth flow of procedure regarding the paperwork and registration.

If anyone had any past experience with a foreigner becoming a fellow business partner/Director starting an Indian business/company I would very much like to hear from you and any advice you may have.

Just to be informed of the details before I enter the solicitors office would be a great help.

Thank you.
#2 Nov 11th, 2015, 02:45
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#2
Nothing useful to offer, except best wishes with your project.
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#3 Nov 11th, 2015, 02:49
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did you check out "similar threads" at the bottom of this page? think lots of people have asked the same so maybe check to see if anything is beneficial to you.

and yes, good luck to you as I've come to a point where I plan to do same, probably within a year. thank goodness I have ex-pat friends where I want to live who care enough about me to offer help...
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#4 Nov 11th, 2015, 05:52
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I've found http://www.indiafilings.com/ to have quite a lot of info, but I can't vouch for how accurate it is.
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#5 Nov 11th, 2015, 18:40
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Thank you Nick and thank you all, I shall have a look at the links below and see if there is any advice.
#6 Nov 11th, 2015, 18:44
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#6
Quote:
Originally Posted by AnkitArora View Post I've found http://www.indiafilings.com/ to have quite a lot of info, but I can't vouch for how accurate it is.
And I shall certainly check that link out, thank you Ankit.
#7 Nov 11th, 2015, 19:20
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Nope, I have had a search on the forum links below, no answers for me

So maybe we could start a conversation here about the checklist, paperwork needed to submitted, information required, potential problems and general advice here on this thread.

Thank you.
#8 Nov 11th, 2015, 19:27
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Sorry magic wands are in short supply this year as is fairy dust.

Pay the money for 'good' advice and cross your fingers you dont get stung.

As many would attest here doing business in India is not for the faint hearted, or empty pocketed
#9 Nov 11th, 2015, 21:43
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Cross fingers is right. Two years ago I talked with a biz lawyer in India who told me I could apply for dual citizenship, India and USA, if i wanted to live in India on biz visa. I know that's not true.
#10 Nov 11th, 2015, 22:03
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Quote:
Originally Posted by fsg View Post Sorry magic wands are in short supply this year as is fairy dust.

Pay the money for 'good' advice and cross your fingers you dont get stung.

As many would attest here doing business in India is not for the faint hearted, or empty pocketed
Not a problem if you don't want to contribute to this thread FSG, if you feel like you have nothing to offer no need to post.

Plenty of other things to keep you occupied.

As Sama has posted, just because one pays for a service doesn't mean one will get a good service.

This is the reason I want to be armed with information about procedure, paperwork and other details of registering an Indian business before I walk into a solicitors/lawyers office, rather than just hope he does a good job.

Hence the reason for this thread being started.

So, waiting for people who may shed some light on procedure and information on the registration process.

I may have to be quote firm on this thread, that it's not just chit chat or inexperienced opinions that I'm looking for, leave that for Chai and Chat, I'm looking for experienced opinions of foreigners who have started and Indian business as a partner/director and would be willing to hear of their experiences.

Thank you.
#11 Nov 11th, 2015, 22:07
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#11
Quote:
Originally Posted by Sama View Post Cross fingers is right. Two years ago I talked with a biz lawyer in India who told me I could apply for dual citizenship, India and USA, if i wanted to live in India on biz visa. I know that's not true.
Yes, no duel citizenship in India, still I would like to keep this discussion thread on subject.

Good luck in the future Sama.
#12 Nov 11th, 2015, 23:57
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My point was that even if you do seek legal advice for/in India for a business, one needs to be aware the advice might not be on the up and up. Buyer beware!

I'd be interested in what you find out!
#13 Nov 12th, 2015, 00:11
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#13
boatmaster, even though you might be quite firm in what you ask, this being a public forum you obviously cannot dictate who will answer or what the substance of their answer will be. It is up to you to wade through a myriad replies that may be unhelpful or even offensive to you to find a nugget or two of information. Frankly, this question might be better asked on a forum principally dealing with conducting business in India, or a network like LinkedIn, or maybe even Quora.

Lest you get the wrong impression, I'm merely pointing out that this may not be the best place for these questions, not that you have no business asking them here.
#14 Nov 12th, 2015, 09:48
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Quote:
Originally Posted by Sama View Post Cross fingers is right. Two years ago I talked with a biz lawyer in India who told me I could apply for dual citizenship, India and USA, if i wanted to live in India on biz visa. I know that's not true.
Unfortunately most people in India think that the OCI card means dual citizenship.

Another relative of mine claims to have Canadian and Indian citizenship, not sure how as India does not allow it.

If you need a good CA I can recommend one.
Lord, Grant me the Serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to hide the bodies of those people I had to kill because they pissed me off.
#15 Nov 12th, 2015, 23:31
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#15
Quote:
Originally Posted by JOHNLORD View Post Unfortunately most people in India think that the OCI card means dual citizenship.

Another relative of mine claims to have Canadian and Indian citizenship, not sure how as India does not allow it.

If you need a good CA I can recommend one.
Thank you JohnLord,

I'm in the Trivandrum area in Kerala, but if you recommend a good C.A then it may be worth traveling for.

Your recommendation would be appreciated. Thank you.

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