With a population of over 1.3 billion and a per capita GDP. USD 1964.88, India is one of the fastest-growing economies in the world. When you talk about. developing economies, India is included in the list of the top few countries which cannot be ignored
- Fourth-Largest Economy in the World
- Fastest Growing Country in the World
- Taxation benefits for foreign entrepreneurs
- Most active Internet users in the world
It means company registration in India is easy and potential, after new policies and regulations such as startup India, make in India. Indian government trying to make India a development hub. New foreign investment and FDI policies also making Company Registration in India easy for all.
Types of Companies you can form in India
- Private Limited Company
- Public Limited Company
- Sole Trader[like a sole proprietorship]
- One Person Company
- Partnership[General or Limited]
- Branch Office or Branch Registration
The Government of India is working hard to promote digitization in the country and has ensured that most of the businesses run online. It has also provided a lot of support to start-ups such as offering funding support, tax benefits, etc. With the country gearing up for a recovery phase after the pandemic-induced lockdown, it is the right time to start an Indian business
- 2013 The Companies Act, governs all aspects of running a business in India
- A Private Limited Company is the most suitable option since it limits the liabilities of shareholders
- A businessperson can register a Person Company and get started in no time
Conclusion: India is one of the fastest-growing economies in the world and its GDP is growing with an average of 12.5% per year, if you are looking to expand your business globally then Indian could be your best destination
