Registering a Company Abroad from India: Business Set-Up Guide to Top Countries

Registering a company abroad from India can be a complex process, but it can be a rewarding one for entrepreneurs who are looking to expand their businesses internationally. There are a number of factors to consider when choosing where to incorporate your company, including the cost of doing business, the tax environment, and the regulatory climate.

Benefits of Registering a Company Abroad

There are a number of potential benefits to registering a company abroad, including:

• Access to new markets: Incorporating in a foreign country can give you access to new customers and markets that may not be accessible from India.
• Tax benefits: Some countries offer lower taxes to foreign-owned companies, which can save you money on your bottom line.
• Asset protection: Incorporating in a country with strong asset protection laws can help to protect your business assets from creditors and lawsuits.
• Enhanced credibility: Registering your company in a foreign country can give your business an air of legitimacy and credibility, which can be helpful when attracting investors and partners.

Steps to Register a Company Abroad from India

The specific steps involved in registering a company abroad will vary depending on the country you choose to incorporate in. However, there are some general steps that are common to most countries:

• Choose a business structure: The first step is to choose a business structure for your company. The most common business structures for foreign-owned companies are limited liability companies (LLCs) and corporations.
• Choose a business name: Once you have chosen a business structure, you need to choose a business name. Your business name must be unique and must not already be in use by another company in the country where you are incorporating.
• Register your company: Once you have chosen a business name and business structure, you need to register your company with the appropriate government authorities. This process will vary depending on the country where you are incorporating.
• Open a bank account: Once your company is registered, you will need to open a bank account in the country where you are incorporated. This will allow you to receive and make payments on behalf of your company.
• Obtain the necessary licenses and permits: Depending on the nature of your business, you may need to obtain certain licenses and permits from the government. For example, if you are starting a restaurant, you will need to obtain a food service license.

Country-Specific Guides for Starting a Company Abroad

Here are some country-specific guides for starting a business in other countries from India. We also touch upon about visa options that can help you emigrate abroad through your incorporated business.

Opening a Business Account for your Company Abroad

Once you have registered your company, the next step is to set up a business account to commence operations. Every country has multiple options for business banking; however, it can be a challenge to open and manage foreign accounts from India with traditional providers.

If your business operates across different countries, we invite your to check out a business account that supports multiple currencies, without the burden of high fees: meet Wise Business, which offers a convenient alternative to traditional banking.

Wise Business: International Account for your Company

Wise Business offers an international business account for foreign incorporated business that you can open and verify completely online.With our customer support available in English and our commitment to providing a seamless digital experience, Wise offers an ideal alternative to traditional banks for your business abroad.

Get Started with Wise Business account 🚀

Wise Business account comes with with no monthly fees, international payments at the mid-market rate, and support for multiple currencies all in one place. Wise Business integrates easily into your business with integrations into accounting software like QuickBooks and Xero. Plus you can make batch payments so making payments gets even easier.

Business categories supported on Wise 👉

Tax consideration for your foreign-incorporated business as an Indian resident.

Regardless of the county where your business is incorporated, a company is considered to be a tax-resident in India if its place of effective management (POEM) is in India. POEM applies when the key management and commercial decisions about your company physically take place in India. Therefore, it is important to consult with a tax professional to make sure your company accounts is compliant with taxation laws of India, as well as in the country where you have incorporated.

Getting a Visa through your Company

Having a business operating abroad provides a valid case for a business visa if you want to travel to that country to meet clients or attend meetings, among other things.

In many countries, registering your business abroad can even open up a path to immigration. If you invest a significant amount and create jobs in a country, you may be eligible for an investor visa that many countries offer.

Alternatively, once your business has established itself abroad, you may even be able to sponsor a work visa for yourself through your company. And if your venture is entrepreneurial, many countries offer some version of a startup visa for innovative ideas with high growth potential

The policies regarding these visas vary from country to country, and the latest policies can be found on the official websites of the respective countries.