We Are Ready To Help You To Get A Solution
Whether you are an established multinational seeking to increase your footprint in world, or a new entity just setting out, our range of corporate & trust services will seamlessly guide you from incorporation to maturity anywhere in the region and beyond.
OUR SERVICES
Market Entry Advisory
Once you’ve decided to setup your operations in India, choosing the most appropriate form of organization for your business type can be challenging.
Not only will you need to incorporate a company, but you will also need to satisfy the local requirements on corporate regulation, such as having a local director and a local company secretary. There are also minimum capital requirements and often depends on the type of business that you will be operating. Additionally, the company will need to open a bank account andan office space may be required for your business.
Having a partner like Ideate by your side makes the entire process of company formation quick and easy. Our local experts are well versed in the nuances of each business structure, and we can advise on the best option based on your business and sector.
Our Market Entry Advisory
- Company or Entity Registration
- Partner Search
- Tax Registration
- Other Business Licenses
- Bank Account opening
Formation Structuring
In India we can partner with you for operations in following three models, wherein you can choose as per your requirements.
Incorporation of your own offshore Company. Your team will be hired at the payroll of your own Indian Company. This model will be more suitable in case if you plan to increase India operations to a great extent.
Hiring of your dedicated team at the payroll of Ideate. This model will relieve you from day to day compliances. All the compliances will be taken care under the company Ideate. You will get dedicated resources as per your requirements for your dedicated needs.
Hiring of your team directly at the payroll of your foreign company. Ideate will do the people management for your recruitment solutionsas well as we’ll take care for all the infrastructure need and do all the Indian compliances on partner’s behalf.
People Management
If you are ready to start hiring and grow your team in India, we can help you save time and take the essential HR Responsibilties off your plate. Our services range from Providing Recruitment Solutions for your company, drafting an HR Policy manual for your company as per local standards and responding to employee queries to providing employment agreements.
Once the employees are on board, we have a comprehensive payroll solution for your business that allows you to outsource all aspects of employee remuneration in a cost-effective way via proven payroll technology and infrastructure.
Whether your employees are paid monthly or by the hour, our system can adapt to your payroll needs with pay slips made available electronically to employees on each pay date. Where tax or pension contributions need to be deducted at source, we will calculate those amounts for you. Our system has the capability for employees to apply for leave online and have that leave approved. It will also allow the claiming of expenses in a straightforward way, freeing up employees time to devote to the business. At year-end, the necessary tax reports will be generated for both the employer and the employee.
OUR HR SERVICES
- Recruitment Solutions
- HR Administration
- Payroll Processing
- Visas & Permits (For Immigration of Employee)
Book Keeping
No matter where your business is set up, maintaining comprehensive accounting records is vital to not only the efficient management of the business, but also to ensure that your regulatory filings are up to date.
Accurate accounting records start with thorough bookkeeping, prepared from detailed invoices, purchasing records and bank statements. Monthly bank reconciliations are an essential tool in monitoring your company’s cash flow, a vital aspect of any company.
Outsource the very important task of maintaining your company’s financial records to Ideate.
Depending on your needs, we can prepare monthly, quarterly or annual accounts. In India monthly or quarterly reporting is required for indirect tax (i.e. GST) reporting. There is a regulatory imperative to keep your accounting records up to date.
From those accounts, we can then prepare the comprehensive annual financial statements that most regulators in the region require to be presented at the annual general meeting of your company.
Our accounting services extend to management accounts which allow timely reporting to head office as well as up to the minute information to allow you to make fully informed decisions about your business. Needless to say, as your business expands and becomes more complicated, comprehensive accounting records are essential. Not to mention that on your ultimate exit from the business, the first thing that any prospective suitor wants to see is the accounts.
Our Book Keeping Services
- Book Keeping & Transaction Processing
- Bank Reconciliation
- Vendor Payment Support
- Financial Statement
- Virtual CFO
Tax & Regulatory
Tax regimes in a developing nation like India is ever evolving and are rapidly changing as the economies grow and become more sophisticated.
When setting up a business in India, it is important to obtain the advice of tax professionals on the ground so that you can put in place the optimal structure for your business. In many cases, this will be determined by not only the jurisdiction of the new company in India, but also your home jurisdiction.
Once the business is up and running, transactions that you enter into on a daily basis have tax implications, whether it may be income tax or indirect tax i.e. GST. Where large transactions are contemplated, tax structuring is a critical part of executing the deal in the most efficient way possible.
Your tax records need to be accurate and up to date. With the increasing scrutiny of tax administrations, it is vital to have the company’s compliance obligations handled efficiently and in a timely fashion.
Our Tax & Regulatory Services
- Statutory Audit
- Corporate Income Tax Return
- Monthly or Quarterly GST Filling
- Annual GST Compliances
- Corporate Tax Advisory & Planning
- Transfer Pricing Advisory
- Tax Withhold Compliances
- Advising on Applicability of DTAA
- Advising on Applicability of EL
TEAM : Beyond The Limits
Piyush Akar
Chartered Accountant
Tushar Singhal
Chartered Accountant
Nilesh Bansal
Mentor