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Micro, Small, and Medium Enterprises (MSMEs) are crucial in the Indian economy. After agriculture, they are the most significant employment providers in India. In terms of Employment generation, exports, and Gross Domestic Product (GDP), they contribute significantly to the Indian Economy. In January 2024, during a speech at the World Economic Forum in Davos, RBI
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IntroductionA start-up is a type of business venture that is usually a new and rapidly growing company. The goal of a start-up is to identify an unmet need and create a profitable business model around an innovative product, service, process or platform. A startup is usually a company designed to effectively develop and validate a
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Entry Strategy into India for Foreign Businesses There are mainly three types of Entry strategies for foreign businesses in India, which are as follows: Incorporation of Company: Incorporating a private limited company is the easiest and fastest type of India entry strategy for foreign nationals and NRIs. Foreign direct investments of up to 100% are
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The process of setting up a US company is more complicated for non-residents, and mistakes are far more costly. Non-residents who wish to take their income outside the US are more likely to encounter income tax issues. Opening a bank account and obtaining a proper US work visa are also challenges. These topics are all
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As per the Companies Act, 2013 and Foreign Exchange Management (Non-debt Instruments) Rules, 2019, on a repatriation /non-repatriation basis, whenever the company issues capital instruments to persons outside India, there are essential compliances to be adhered to by the companies. Let’s discuss these compliances; there are two types of reporting compliances to be done by
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