What corporate legal services does Corporate Legit provide?

Corporate Legit offers India Entry Services, International Taxation, Direct & Indirect Taxation, Secretarial & Corporate Legal Compliances, Foreign Direct Investment, Intellectual Property Rights, Licensing and Registration, company registration services, Merger and Amalgamation (M&A), Litigation, Virtual CFO Services, International Advisory, Audit Services, and Registration of NGOs.

What India Entry Services do you offer?

India Entry Services helps foreign companies establish operations in India. The service assists with business structuring, necessary approvals, and compliance requirements for foreign businesses seeking to enter the Indian market.

What does your Corporate Secretarial practice cover?

Our Corporate Secretarial practice handles statutory compliance requirements for companies operating in India, including corporate legal documentation, board meeting management, and regulatory filings.

What are your Corporate Restructuring services?

Corporate Legit’s restructuring services include mergers and acquisitions, demergers, and corporate restructuring activities in accordance with regulatory requirements.

What Intellectual Property services do you provide?

We provide trademark search and registration services in IP databases, along with other intellectual property protection services, to safeguard clients’ IP rights in India.

How does Corporate Legit handle taxation matters?

Our taxation practice provides advice under Direct & Indirect Taxation, including income tax planning, GST compliance, double taxation avoidance advisory, and international taxation matters, to ensure clients remain compliant with Indian tax laws

What Registration & Licensing Services do you offer?

Corporate Legit provides registration and licensing services to help businesses obtain the necessary operational permits and registrations to conduct business legally in India.

What are your Regulatory Compliance & Audit Services?

We provide Corporate Compliance services to help businesses meet their statutory obligations and remain compliant with Indian regulatory requirements, along with supporting them through audit services in India whenever needed.

Do you provide Virtual CFO Services?

Yes, Corporate Legit offers Virtual CFO services for businesses requiring financial management expertise without a full-time Chief Financial Officer.

What makes Corporate Legit’s team qualified?

The senior members of the Firm possess professional qualifications in law, accountancy, company secretarial practices and management with international class experience from working with world-class advisory firms, including Big-4 accounting firms and international law firms.

Do you assist with NGO registration?

Yes, Corporate Legit provides Registration of NGOs (Non-Government Organisation) services to help establish non-profit entities in India.

How can businesses contact Corporate Legit?

Businesses can contact Corporate Legit at +91 9990607535, email at office@thecorporatelegit.com, or visit the office at A-77, Second Floor, Sector-4, Noida 201301, New Delhi NCR, India.

March 30, 2026
corporatelegit corporatelegit
Foreign Company Setup in India, IT Technology
0

Company Setup in India for GCC & IT Companies: Complete Process & Compliance

India is a GCC (Global Capability Centre) hub for IT companies

As of early 2026, more than 1800 GCCs in India have been established, and more than 78% of top IT companies have a back office in India. India is emerging as one of the leading IT hubs globally, making it a preferred destination for Company Setup in India.

Why is India the best place for GCC and IT back office?

More than 5 million IT experts in the Indian market to serve the global IT brands in India
Best IT infra for top global companies
Infra and Skilled persons are affordable compared to the global market
Ease of doing business and compliance for foreign companies
India is the best place for IT outsourcing, GCC, and back offices globally

For service sector companies, especially foreign IT companies, it is very easy and fast to complete the Company Setup in India within a few working days.

Three Basic Requirements for Company Setup in India for IT/GCC

Directors

As per the Indian Companies Act, for company setup in India, a minimum of two director require to set up a Private Limited Company in India, out of which one should be an Indian resident Director, which means a director who stays in India at least 182 days in a calendar year. The intent to have one resident Director in India is for compliance purposes to register the company, bank account, GST/VAT registrations, etc., he may be an Indian or a foreign citizen.

Shareholders

As per the Indian Companies Act, a minimum of two shareholders are required to form a Private Limited Company in India; it can be individuals, a body corporate either combination of both. Many foreign companies hold 99.99 % shares as a foreign Body Corporate and 0.001% shares as an individual nominee to incorporate as a wholly owned subsidiary in India, which is commonly followed in foreign company registration in India.

Registered Address

As per the Indian Companies Act, for company setup in India, a Company must have a registered office in India. In order to comply with company registration, bank account, GST/VAT registration, a Company must have a registered address in India.

The following are the 5 simple steps

1. Company Setup in India

In India, setting up an IT company is very easy, it is 100% online process with no physical requirement of directors or shareholders to setup company and Bank account activation, a foreign company or an individual can set up their company in India within 5-7 working days. The entire incorporation process is to be done via the online portal of the Registrar of Companies under the Ministry of Corporate Affairs in India. The online process of company setup in India is quick and efficient for foreign companies.

i) Name Reservation

Form Spice Part A to be filed for name reservation, first they need to apply unique name or as per Name guideline a foreign company can suffix India word in its name and got the name approval very easily for example a foreign company name is XYZ Software Pte Ltd so in India they can apply XYZ Software India Private Limited, by this they will have same brand name with global identity

ii) Incorporation Application

Spice Part B, after name reservation, needs to file the incorporation document, i.e., the MOA & AOA(Memorandum & Articles of Association), with other requisite documents, i.e., the Director’s consent letter, undertaking, INC 9 (declaration of promoters and shareholders)

iii) Certificate of incorporation

After filling out the online incorporation application, the RoC department will scrutinise the documents and information provided in it, and if all documents are in order, they will approve the same and issue a Certificate of Incorporation.

2. Registered Address

As per the Indian Companies Act, every company must have a registered address within 30 days of its incorporation. Generally, new companies or startups prefer business centres, co-working spaces for the initial stage, once their business grow they shift to independent offices.

For the registered address following documents are mandatory:

i) Lease Deed

ii) No objection certificate

iii) Latest utility bill not older than two months

iv) Photographs of the office, inside and outside, with one of the Directors.

3. Bank Account

One company is incorporated and registered in India, then the next step is to open a Bank Account in the name of the company. We have both options, Indian Banks and global Banks, which can open the account easily. If all documents are in order, the banker generally takes 5-7 working days to open the bank account.

4. Capital Compliance

After incorporation, registered address, and Bank account, the next crucial step in an Indian company is to do initial capital compliance, as per Indian Companies Act, there is no minimum capital required for company registration, however bank generally ask to open a current account for minimum INR 1,00,000 /USD 11,00 as this amount is justified as capital from foreign investor in India. The Capital compliance has to be reported with RBI(Reserve Bank of India) as FDI(Foreign Direct Investment) via online form filling FC-GPR within 30 days of shares allotment, which is a critical step in company setup in India for foreign investors.

A company, after incorporation, cannot commence its business without receiving capital in its account and reporting the same with the RoC via filing online form 20A. After filling Form 20A, the company can commence its business in India.

5. Post Compliances

Once capital compliance and reporting are done, the company has to do some post-compliance as per business requirements, for smooth operations after company setup in India:

i) GST/VAT Registration

ii) Professional Tax Registration

iii) Shop & Establishment Registration, etc.

Conclusion: How CorporateLegit Can Help

Setting up an IT or GCC business involves more than just incorporation, it requires proper structuring, regulatory compliance, and timely filings. CorporateLegit provides end-to-end support for Company Setup in India, including entity structuring, documentation, incorporation, FEMA compliance, and post-incorporation registrations.

Our team ensures that foreign businesses can complete their entry into India smoothly while remaining fully compliant with all applicable laws. Whether it is initial structuring or ongoing compliance, CorporateLegit acts as a reliable partner for seamless business setup and operations.

FAQs

Can a foreign company set up a business in India?

Yes, foreign companies can establish a business in India through structures such as a

wholly owned subsidiary, subject to FDI regulations.

Is it mandatory to have an Indian director for a company setup in India?

Yes, at least one resident director is required for Company Setup in India.

How long does it take to complete the company setup in India?

Typically, the incorporation process takes 5–10 working days, subject to document readiness.

What is the minimum capital required for company setup in India?

There is no minimum capital requirement under the Companies Act, but banks may require

a practical threshold for account activation.

What compliance is required after the company setup in India?

Companies must complete:

Capital compliance (INC-20A)
FEMA reporting (if applicable)
GST and other registrations

Can a foreign company own 100% of an Indian company?

Yes, 100% ownership is allowed in most sectors under the automatic route, subject to FDI regulations.