ADL Consulting
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Full support for India entity setup

Incorporation

We provide one-stop support for establishing Indian entities (Private Limited, LLP, etc.) from start to finish. From company name approval to Commencement of Business (COB), our systematic 20-step process ensures fast and accurate India entity setup.

20+

Systematic Steps

4~8 Wks

Avg. Setup Time

100+

Entities Established

Process Steps

1

Consulting Meeting

-

Define business model, target state, and scope of consulting needed for India market entry plan

2

Initial Decision Making

-

Decide company name, number of directors (min. 1 resident director required), shareholders, Authorized Capital, Paid Up Capital, registered address, and business purpose

3

Company Name Approval

MCA (Ministry of Corporate Affairs)

Submit company name application based on initial decisions. May be rejected due to existing registrations or trademarks. Subsidiaries (60%+ parent investment) using the parent company name must submit a board resolution.

4

Director DSC / DIN Registration

eMudhra, MCA

Apply for Digital Signature Certificate (DSC) and Director Identification Number (DIN) for each director. New director DIN is issued together with incorporation approval.

5

1st Document Preparation

Notary Office / Legal Department

Prepare passport copies, address proof (mobile/electricity bill or bank statement), and corporate shareholder documents including business registration, director list, and shareholder list.

6

2nd Documents (Articles of Association)

Notary Office / Legal Department

Prepare Affidavit, INC 8 Declaration, PAN Undertaking, Inc 9 Affidavit, Consent Letter, Dir-8 Intimation, MOA, and AOA. All documents require notarized translation and apostille.

7

Certificate of Incorporation

Ministry of Labour & Employment, MCA

Receive Certificate of Incorporation, PAN card letter, TAN letter, ESIC code, and PF (Provident Fund) code.

8

GSTIN / IEC Code Issuance

GST Council, DGFT

Register for GSTIN (GST number) and obtain IEC (Import Export Code). Careful document preparation is essential as GST applications frequently contain errors.

9

Address Proof & Auditor Appointment

MCA

Submit address proof documents and photos of directors taken at the registered address GPS location (with company nameplate required). Must be completed within 30 days of incorporation approval.

10

Corporate Bank Account Opening

Indian Banks

Open a corporate bank account at a local Indian or Korean bank. Most banks require an in-person visit; non-face-to-face account opening may take 2~4 weeks.

11

Capital Remittance & FCGPR Filing

Korean Banks, RBI (Reserve Bank of India)

Transfer paid-up capital from each shareholder's account. Process payment as MT199 code. Must file FCGPR with RBI within 30 days after foreign investment remittance.

12

Share Certificate & COB Filing

State Stamp Duty Authority, MCA

Issue share certificates and pay stamp duty within 60 days of incorporation. File COB (Commencement of Business) within 180 days of incorporation approval, after all shareholders have completed capital transfer.

Service Details

Available Entity Types

  • Private Limited Company — Most common form for foreign investment
  • LLP (Limited Liability Partnership) — Suitable for small-scale service businesses
  • Branch Office — Can conduct business in India, requires HQ approval
  • Liaison Office — Representative office only, no commercial activities
  • Wholly Owned Subsidiary (100% single-investor subsidiary)

Key Documents Required

  • Passport copy (directors, individual shareholders, corporate shareholder representatives)
  • Passport address page copy
  • Address proof (mobile bill, electricity bill, or bank statement)
  • Corporate shareholders: Business registration, director list, shareholder list (10%+ holders)
  • All foreign documents: Notarized translation and apostille required

Post-Incorporation Registrations

  • PAN (Permanent Account Number) — Corporate tax identification
  • TAN (Tax Deduction Account Number) — For TDS filings
  • GSTIN — India GST (VAT) registration
  • ESIC — Employee health insurance code (required for 10+ employees)
  • PF (Provident Fund) — Employee pension code (required for 20+ employees)
  • IEC (Import Export Code) — Required for import/export activities
  • COB (Commencement of Business) — Business commencement filing

Key Notes

  • Authorized Capital can be increased at any time, but Paid-Up Capital must be received exactly as declared from each shareholder
  • If no registered address is available, a virtual office can be used initially and changed later
  • If company name is rejected, check for conflicts with existing registrations or trademarks
  • Remittances must use MT199 code; using other codes may cause complications
  • Non-shareholder directors are not required to file FCGPR

Key Notes

  • Within 30 days of incorporation: Submit address proof and appoint auditor
  • Within 60 days of incorporation: Issue share certificates and pay stamp duty
  • Within 180 days of incorporation: File COB (Commencement of Business)
  • Within 30 days of capital remittance: File FCGPR with RBI (non-shareholder directors exempt)

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Our expert consultants will guide you to the optimal solution for your business. First consultation is free.

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