Company formation in India
Private limited company
Legal minimum, year 1£390
Legal minimum, per year after£220
Typical year 1£3,225
Corporation tax25.2%Ease Banking
Every fee
Setting up
Government fee£50
INR 2,000 to 10,000 via SPICe+ incl. stamp dutyDigital signature and DIN£20 to 60
Required
Chartered accountant or company secretary£100 to 400
Required
Resident director (nominee)£0 to 1,500
OptionalOnly if no own resident director
Share capitalNone
Time to form1 to 3 weeks
Running it, per year
ROC annual filings£20 to 50
Required
Statutory audit£200 to 800
Required
Resident director (nominee)£0 to 2,000
OptionalOnly if no own resident director
CA and company secretary compliance£0 to 1,200
Practically needed
Legal minimum after year 1£220
Audit: Mandatory for every companyForeign ownersAt least one director resident in India (182+ days)Online via MCA, but filings need a chartered accountant or company secretary
Tax25.17% under the concessional regimeDividend withholding: 20% plus surcharge on dividends (treaty 10% to 15%)VAT/GST: 18% GST standard
BankingNeeds Indian KYC; workable with a resident director
SourcesPwC tax summary
Questions
- How much does it cost to set up a company in India?
- The legal minimum for the first year is £390, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £3,225. The government fee is £50 (INR 2,000 to 10,000 via SPICe+ incl. stamp duty). Share capital is not included.
- How much does it cost per year to run a company in India?
- The legal minimum after the first year is £220 a year. Running costs including optional and practically needed services range from £220 to 4,050. Audit: Mandatory for every company.
- Do I need a local director in India?
- Yes. At least one director resident in India (182+ days).
- Can a non-resident form a company in India remotely?
- Yes. Online via MCA, but filings need a chartered accountant or company secretary.
- What is the corporation tax rate in India?
- 25.17% under the concessional regime. Dividend withholding: 20% plus surcharge on dividends (treaty 10% to 15%). VAT/GST: 18% GST standard.
- How long does it take to form a company in India?
- 1 to 3 weeks.
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