How long does it take to incorporate an Indian subsidiary?

With all documents in order (apostilled or notarised passport, address proof, board resolution and parent-company certificate of incorporation), Indian subsidiary registration through SPICe+ typically takes 10–15 working days from name reservation to certificate of incorporation.

Do foreign promoters need to visit India to set up a subsidiary?

No. Foreign promoters can complete the entire incorporation remotely. Documents must be apostilled (Hague countries) or notarised and consularised at the Indian embassy. A resident Indian director is required, and we assist with sourcing one if needed.

What is the minimum capital required to form an Indian subsidiary?

There is no minimum paid-up capital requirement under the Companies Act 2013. However, FDI inflows must be reported to RBI through Form FC-GPR within 30 days of share allotment, regardless of amount.

Is a statutory audit mandatory for foreign-owned Indian subsidiaries?

Yes. A statutory audit under the Companies Act 2013 is mandatory for every private limited company in India regardless of turnover. Additionally, a tax audit under Section 44AB applies if turnover crosses the prescribed threshold, and a transfer pricing audit (Form 3CEB) is required for international transactions with associated enterprises.

When does the FLA Annual Return need to be filed with RBI?

The Foreign Liabilities and Assets (FLA) Annual Return must be filed online with RBI by 15 July every year for the preceding financial year, by every Indian company that has received FDI or made overseas direct investment.

How are dividends and royalties repatriated from an Indian subsidiary?

Dividend and royalty remittances require Form 15CA (self-declaration) and Form 15CB (CA certificate confirming tax compliance and DTAA applicability). We handle the certification, withholding tax computation, and coordinate with the AD bank for the actual outward remittance.

CA Services for Foreign Subsidiaries in India

End-to-End Support for Foreign-Owned Indian Companies

For Foreign Parents Setting Up or Already Operating an Indian Subsidiary

Whether you are planning to set up your first Indian subsidiary or already operating one, India's regulatory environment — FDI rules, FEMA filings, transfer pricing documentation, statutory audit, GST, and ongoing MCA and RBI compliance — demands continuous expert attention. Jain Anurag & Associates partners with foreign companies to handle the full lifecycle: incorporation, regulatory filings, statutory audit, direct and indirect tax, and profit repatriation. A single chartered accountant team replaces what otherwise requires four or five separate vendors.

Setting Up a New Indian Subsidiary

Entity structuring: Wholly-Owned Subsidiary (WOS), Joint Venture, Branch Office, Liaison Office or Project Office — advisory on the right vehicle for your sector and intent.
FDI route guidance: Automatic vs Government approval based on sector caps and conditions.
Name reservation and SPICe+ incorporation, MoA and AoA drafting with foreign-holding clauses.
PAN, TAN, GST and Professional Tax registration with foreign-director DSC and DIN.
Resident director sourcing and KYC.
AD bank account opening with FIRC / Inward Remittance documentation.
RBI Form FC-GPR filing within 30 days of share allotment.
Initial statutory books, board minutes templates, and first-year compliance calendar.

Managing an Existing Indian Subsidiary

Annual MCA / ROC filings: AOC-4 (financial statements) and MGT-7 (annual return).
FLA Annual Return to RBI — mandatory by 15 July for every FDI-recipient company.
Statutory audit under the Companies Act 2013 — mandatory regardless of turnover.
Income tax return, Tax Audit (Form 3CD) and Transfer Pricing audit (Form 3CEB).
Dividend remittance with Form 15CA / 15CB certification and DTAA optimisation.
Royalty and technical fee remittance certification.
External Commercial Borrowings (ECB) advisory and reporting.
Quarterly board meetings, minutes maintenance and DIR-3 KYC for every director.
Related-party transaction compliance under Section 188.
GST monthly returns, reconciliations and annual GSTR-9 / 9C.

Documents Typically Required from the Foreign Parent

For Incorporation

Apostilled / notarised passport copies and address proof of all foreign directors and shareholders.
Certificate of Incorporation, MoA and AoA of the foreign parent (apostilled and translated to English where applicable).
Board resolution from the foreign parent authorising the Indian subsidiary and nominating an Authorised Representative.
Proposed registered office address proof in India (utility bill + NOC from owner).
Specimen signatures and DSC application forms.

For Ongoing Compliance

Trial balance and ledgers (monthly / quarterly).
Bank statements with FIRC / FIRA references for all inward and outward remittances.
Inter-company agreements: management fees, royalty, services, loans.
Customer and vendor master with PAN and GSTIN.
Board meeting calendar and director KYC documents.

Why Foreign Companies Choose Jain Anurag & Associates

A single chartered accountant team across legal entity setup, tax, audit and accounting — no hand-offs between vendors.
Deep experience with FDI filings across automatic-route sectors and prior approval cases.
English-first communication, with quarterly compliance updates that map to your fiscal-year calendar.

Cloud-based document handover so your finance team in any timezone can review without round-trip email.
Proactive compliance calendar with deadline reminders for FLA, ROC, transfer pricing, and audit milestones.
Mumbai-based with on-the-ground access to AD banks, the ROC, and tax authorities when in-person follow-up matters.

Speak to us before you incorporate — the right entity choice, FDI route and inter-company structuring decided up-front prevents expensive restructuring later. If you already operate in India and want a second opinion on your compliance posture or repatriation strategy, we offer a no-obligation review.