Setting up operations in any new country is never easy. The recent reforms and initiatives undertaken by the Central Government have given a boost to setting up a new business in India.
India jumped up several notches into the top 100 rankings on the World Bank’s ‘ease of doing business’ index, thanks to major improvements in indicators such as resolving insolvency, paying taxes, protecting minority investors and getting credit.
The country is now a high-growth economy. There is abundant talent and abundant business opportunities available in India. The Indian government is also promoting Foreign Direct Investments (FDI) in India through various schemes such as 'Make in India', 'Smart City Projects' etc. Multi- National Corporations (MNCs) are keen to set up their operations in India. Their only concern is the various compliances involved in doing so. Overseas consultants are at a disadvantage as they do not have exposure to the laws of India. In addition, India, with many states, languages and a diverse culture presents a challenge when it comes to setting up new operations. This can be overcome by home grown consultants. Companies need professionals who can quickly set up their business in India, obtain all the necessary business, and provide advice on business structure in compliance with transfer pricing requirements. Once the business is set up, there is also a need to ensure that the business operations are in line with management expectations. This is where LCPL with its battery of professionals fills in the gap.
There are two ways a company can set up operations in India:
1. as a Foreign Company
2. as an Indian Company
Each method of setting up operations has its pros and cons. LCPL assists you in making an informed decision about the best way to set up your business in India
LCPL offers services during the set-up phase of any business. We also ensure continuity of operations once the business gets rolling. MNCs are immensely benefited as we also help management in keeping a tab on your Indian business.