FEMA and FDI Compliances
Operating business in India requires an in-depth knowledge of all the statutory and legal aspects. NR or NRI can do business in India through different form of business organization, including company, LLP, Partnership, branch office, liaison office etc. Establishment of this form requires compliances with different law for time being in force. GrowBizz can assist in setting up of LLCs, limited liability partnerships, joint ventures and wholly owned subsidiaries of foreign companies.
The establishment of company outside India or foreign setup requires an in-depth knowledge of all the statutory and legal aspects of respective foreign company. GrowBizz expert team can assist organization in setting up business abroad, foreign taxation matter, foreign legal and litigation matter and other related aspects.
Foreign financial market provides an opportunity for low cost fund raising. Indian entity can access both foreign equity and foreign debt market.
External Commercial Borrowings is basically a loan availed by an Indian entity from a nonresident lender. Most of these loans are provided by foreign commercial banks and other institutions. Debt rose in foreign currency in the form of bank loans, buyers’ credit, suppliers’ credit, and securitized instruments from non-resident lenders with a minimum average maturity of 3 years fall within the purview of External Commercial Borrowings (ECBs). ECBs in India are regulated by the Ministry of Finance (MOF) and Reserve Bank of India (RBI).
Though Foreign Direct Investment (FDI), Indian entities can access foreign equity market.
GrowBizz expert team assists organization in accessing foreign financial market and compliances with applicable rules and regulation.
Foreign Contribution and Regulation Act, 2010 (FCRA) governs receipt of foreign grants, donations and foreign contribution by Indian entities. Every Indian entity seeking foreign contributions may either obtain registration or prior permission to receive foreign contribution. The registration will be granted only after scrutiny of documents and details of applicant. At GrowBizz, we assist our valuable clients in document preparation, submission, and coordination with authorities.
In this era of cut-throat competition, everyone business wants to expand their business beyond the limits of the domestic market. This can be done by export-import or setting business unit abroad. The export-import involves preparation and submission of different documents with RBI, DGFT and Port Authorities. The expert team at GrowBizz can assist you in complying with various rules of FEMA and RBI relating to export-import and foreign setup. Our foreign associates can help organization in setting up your business abroad.
Exporters are regarded as an initiator of economic growth in the wake of liberalization and structural reforms in the economy. In order to promote export and to make Indian product more competitive, government offers various incentives to exporters. Foreign Trade Policy contains various incentive schemes to promote export. It includes Merchandise Exports from India Scheme, Service Exports from India Scheme and many more. We, GrowBizz can help you in deciding and availing incentive schemes more beneficial for your organization.
Business may encounter situation where it needs support of judiciary. Success in litigation depends upon various factors including facts of case, effective drafting of documents, proper representation before adjudicating authority and many more. At, GrowBizz our qualified and experienced legal experts will assist organization in presenting and establishing their claim successfully before adjudicating authority.
Team GrowBizz can assist organization in various FEMA Compliances including periodical forms and return filling, submission of clarification, event based document filling and disclosures. The non compliance of this may attract heavy fine and other penal consequences.