Form your dream Indian company from anywhere in the world

Serving founders from America, Canada, Middle East and Europe

Formation, Book Keeping, Tax Filings, GST Compliances, Payroll Services and a Dedicated Account Manager. Grow your business and let Setmycompany handle your business compliance needs.

We have experience on

A complete business compliance solution

Introducing the total compliance package.

Start your Indian business and keep it 100% compliant

Stop wasting time on paperwork. We’ll form your company with compliance in mind, from day 1.

Stress-free book keeping

Monthly reports are provided so you’re on top of your finances from day 1.

Worry-free tax filing

Stay 100% compliant with the income tax filings and returns and avoid penalties. Our certified tax team have you covered.

GST compliances

GST compliance involve timely filing of returns, accurate invoicing, and adherence to tax regulations, ensuring smooth business operations and compliance.

Payroll services

Payroll services streamline salary processing, tax deductions, and compliance, ensuring efficient and accurate payment distribution for businesses and employees.

A personal Account Manager for dedicated support.

Get a dedicated account manager and professional support to help you run and grow your business with SLA for Critical Issues - (0 to 12 Hours), Normal Issues - (24 to 48 Hours)

No, having an Indian shareholder is not mandatory for foreign entrepreneurs starting a company in India. The Indian laws allow 100% Foreign Direct Investment (FDI) in many sectors under the Automatic Route, meaning foreign nationals or entities can own and control a company in India without requiring an Indian partner. However, certain sectors may have FDI caps or require prior government approval, which might influence the company's ownership structure.  

Yes, as per Indian company law, at least one director of the company must be a resident of India. It is important to note that the Director need not be a citizen/origin of India, just residence in India is sufficient. 

 

A resident director is someone who has stayed in India for a total period of not less than 182 days in the previous calendar year. This is crucial for compliance and to ensure the company has a local representative familiar with Indian regulations. 

PAN stands a for Permanent Account Number. It is a tax id issued by Govt of India and forms base for many Government applications. However, Foreign nationals can be directors or shareholders in an Indian company even if they do not have a PAN in India. However, they must obtain a PAN if they are to receive any income from the company, as it is required for tax purposes. 

Yes, foreign entrepreneurs can own 100% of a company in many sectors in India under the Automatic Route, without needing prior approval from the government. However, some sectors, such as defense, media, and insurance, have foreign ownership caps or require government approval. It's important to consult the latest Foreign Direct Investment (FDI) policy for sector-specific restrictions. 

Repatriation of profits can be done through dividends, subject to compliance with the Companies Act and tax laws. Dividends can be repatriated after paying the Dividend Distribution Tax (DDT), if applicable, and ensuring all compliance certificates are in place. It's also essential to follow RBI guidelines and use the proper banking channels for repatriation. 

What founders say about us

I just wanted to let you know that it’s been great working with you over these years. Thank you again for your high availability and ability to listen and advise efficiently.

Archer

Never thought getting started in India EOR services would be so easy and cost-effective! Great work by @setmycompany.

Lincoln

If you're looking for a turnkey accounting/incorporation/ payroll services company to support your team in India, I highly recommend @setmycompany. I've been working with them across multiple companies and the experience has been great each time

Waylen

Professional partner services for additional peace of mind

Turn your dream idea into your dream business.