THE HISTORY: India has perhaps one of the richest and grand epic histories in the world. Based on recent evidence found, India’s origins dates back to almost 75000 years ago, when it was supported that the inhabitants of Indus Valley managed to develop in culture based on their agricultural trading power. It is written that four world religions inhabited India up until the 1st millennium CE; induism, Jainism, Islam, Sikhism, Christianity, Buddhism, Zoroastrianism and Judaism all of which contributed to the growth and development of the region and culture. 

 

After the passing of the 18th century, during which India was under the direct administration of the United Kingdom, India, in 1947 gained its independent status after a long struggle and constant requests for independence together with the assistance of a great name, Mahatma Gandhi.

 

 

THE CLIMATE AND TOURISM: India, or more correctly referred to as the Republic of India is located within South Asia and it is by area one of the largest countries with one of the largest in amount population. On the south side of India flows the Indian Ocean and on the south-west you can see the Arabian Sea. India shares its borders with Pakistan on its western side and China, Nepal and Bhutan on its northwest. The Republic of India is very close to Sri Lanka and the Maldives, while also being close to Thailand and Indonesia. 

 

 

DOING BUSINESS IN INDIA: The Republic of India has one of the leading economies in the world, having been proclaimed as having the third-largest purchasing power parity and one of the fastest growing major economies, and last but not least, having good industrializing power and evolution.

 

India is one of the most famous tourism destinations, being rich in culture and color whilst also having a wide range of historical monuments, such as but not limited to the Taj Mahal, the Golden temple of Amritsar, the Arit Desert of Rajasthan, Dudsagar Falls Bhangarh Fort, and much more.

 

The Government of India, a body established officially under the Constitution of India, presides over the totality of twenty nine states and seven union territories collectively referred to as the Republic of India and it can be found in the capital of India, New Delhi. The main legislative body in India is the Indian Parliament; however any law by Parliament requires the approval of the Supreme Court before it gains legal effect.

 

 

TAXATION:  A legal entity in India can take many forms including but not limited to a Liaison Office, a Project Office, Branch Office, Joint Venture, Limited Liability Partnership, or Wholly Owned Subsidiary. India also offers the indirect option of setting up a Franchisee and distributor arrangement or foreign technology collaborations.

 

Corporate tax rate in India is at 33.99%, and whilst the corporate tax rate for domestic companies is 30%, the corporate tax rate for foreign companies is 40%. There is a minimum alternate tax which is levied at 18.5% out of the profits of the company where the tax to be paid amounts to lesser than 18.5% of the totality of profits. Transfer Pricing regulations in India have been categorized as comprehensive and contain both International and Domestic transactions. 

 

 

Essentially an Indian company can be:

 

• Sole Propriatorship;

• Partnership;

• Limited Liability Partnership (LLP);

• Private Limited Company; and

• Public Limited Company.

 

India enjoys a considerable advanced and yet fully controlled financial system and as a result, it offers low risk and stable financial services. Currently in India there is a large application of progressive policies set by government towards NRI investments which essentially leads to investment opportunities and renders the repatriation of Money a much easier task than in any other jurisdiction.