- India’s Economic Opportunities
The massive demographic changes along with increasing urbanization have created huge opportunities in India. The fact that some of the top companies in India have managed to grow at 25 to 30 per cent a year is a testimony to the untapped potential of the country. There are about 69 mega cities with a million-plus population which present a unique opportunity for businesses. Company formation in India is one of the easiest ways to enter the Indian markets.
India is expected to have over a million air travellers, a USD 100 billion eCommerce market, 15 billion railway passengers, and more by 2020. The emphasis on Digital India has ensured that most processes involved in running a business are now online reducing the red tape and increasing transparency. India also has a strong startup ecosystem with a lot of support from the government in terms of funding, tax breaks, and tax rebates. The ideal time to launch your startup in India!
- Features of Company Formation in India
Companies in India are governed by the Companies Act, 2013 which covers all the aspects of running a business in India. It allows entrepreneurs to operate by even registering as a One Person Company (OPC) which is similar to a private limited company but is formed by a single person. A private limited company is suitable for organizations entering the Indian markets. It limits the liability of the shareholders and is a preferred way of doing business in India. Any form of Indian Company Formation comes with compliances which need to be considered before finalizing the type of company to register.
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