Company Registation
4 years ago
My friend and I want to form a company and we have the following situation: he is in the UK(a foreign national) and I am in India. We considered the following options. My friend is to have majority stake in this company(above 51%).
1. He forms a company in the UK and registers us both as directors. However, in that case; to start financial transactions in India we would have to register this foreign company in India.
2. He forms it in the UK and I form another company in India. We assign some shares of the UK company to the company in India. In this case, my question is what kind of legal entity should I register in India(OPC/Pvt. Ltd./any other option).
3. We form the company in India itself(Pvt. Ltd.). In this case, are there any issues with the foreign director having majority stake? Startup India offers some schemes tax schemes also, will they be applicable in this case?
For (1) and (2), what sort of compliance has to be carried out?
We want to find the best kind of structure that is suited for our case.
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