How to Register a Company in 5 Easy Steps

Non-resident businesses can benefit from setting up shop in India due to the abundance of resources, low-wage skilled labor and tax exemptions for certain categories of businesses. The government has made remarkable progress in liberalizing industries, easing bureaucratic red tape, and setting up arbitration forums for amicable settlement of disputes.

Ministry of Corporate Affairs provides a completely online process to help you register the types of companies mentioned above. However, the documentation requirements can be complex. Your decision at this stage will also affect how much tax and what types of filings and audits you will be legally required to do each year.

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Establishing a presence in India is the key to overcoming cultural isolation, targeting specific emerging markets with huge potential within India and leapfrogging bureaucratic hurdles. India still holds a lot of promise as one of the world's largest economies and consumer markets. It is one of the rare countries that has continued to attract FDI investment even during the pandemic.

What is Dutch BV?

A Dutch BV or Besloten is a Dutch term for Wennotschap LLC (limited-liability commerce). Foreign entrepreneurs and investors starting new activities in the Netherlands often set up a Dutch BV company. If you have fundamental knowledge and strategy on the below five aspects then your organization is a good idea to go here:

So here is the reason to register your company in the Netherlands

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For tax purposes, companies are classified into domestic and foreign companies. While the former are liable to pay taxes on income earned anywhere, the latter are liable to pay taxes only on income earned in India.

Opening a corporate account is a must when registering a BV in the Netherlands. However, its opening before company registration is not desirable, it should be opened to show the financial activity of the business. In the event of foreign ownership, the bank account does not have to be the size of a Dutch financial institution. If shareholders choose to open an account with a regional bank, they must appoint a local director and open the account with a certificate of registration provided by the Company's Association of Associations and the Register of Companies.