Foreign Joint Venture LLP Registration in India
A Foreign Joint Venture Limited Liability Partnership (LLP) in India is a business structure where at least one foreign entity or individual partners with an Indian counterpart to establish an LLP. This setup combines the flexibility of a partnership with the limited liability feature of a company, making it an attractive option for foreign investors.
Why Choose a Foreign Joint Venture LLP?
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Limited Liability Protection– Personal assets of partners are safeguarded.
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Ease of Compliance– Less stringent regulations compared to private limited companies.
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Tax Benefits– LLPs in India are subject to lower tax liabilities.
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Foreign Investment Friendly– 100% FDI is allowed in most sectors under the automatic route.
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Separate Legal Entity– LLPs have an independent identity from their partners.
Step-by-Step Process of Registering a Domestic Joint Venture LLP
Step 1: Obtain Digital Signature Certificate (DSC)
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All partners must obtain a Class 3 DSC from a government-approved authority.
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Required for e-filing LLP forms.
Step 2: Apply for Director Identification Number (DIN)
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A Designated Partner Identification Number (DPIN) is mandatory for all designated partners.
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Application through the MCA portal (Ministry of Corporate Affairs).
Step 3: Name Approval from MCA
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Choose a unique LLP name and file an LLP-RUN form with the MCA.
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Ensure compliance with Companies Act, 2013 and LLP Name Guidelines.
Step 4: Draft & Execute LLP Agreement
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The LLP agreement defines roles, responsibilities, and profit-sharing terms.
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Must be executed on stamp paper and notarized.
Step 5: File LLP Incorporation Form (FiLLiP)
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Submit the Form FiLLiP along with required documents to the MCA.
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Pay the applicable registration fee.
Step 6: Apply for PAN & TAN Registration
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Once the LLP is registered, apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
Step 7: Foreign Investment Reporting
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If FDI is involved, report the investment to the Reserve Bank of India (RBI) via the Foreign Investment Reporting and Management System (FIRMS).
Step 8: Compliance & Bank Account Opening
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Open an LLP bank account and fulfill post-registration compliance requirements.
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Maintain annual compliance with MCA and Income Tax Department.
Timeline for Foreign Joint Venture LLP Registration
Process Stage | Estimated Time |
|---|---|
DSC & DPIN Application | 1-2 working days |
Name Approval | 2-3 working days |
LLP Agreement Drafting | 2-3 working days |
Filing of Incorporation Form | 5-7 working days |
PAN & TAN Application | 7-10 working days |
Total Registration Timeline | 15-20 days |
Documents Required for Foreign JV LLP Registration
For Foreign Partners/Entities
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Passport (Notarized & Apostilled)
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Address Proof (Utility Bill/Bank Statement)
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Identity Proof (Government-issued ID)
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No Objection Certificate (NOC) from the parent company (if applicable)
For Indian Partners​
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PAN Card
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Aadhaar Card
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Address Proof (Utility Bill/Bank Statement)
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Digital Signature Certificate (DSC)
For LLP Registration
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LLP Agreement
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Proposed Business Activity Details
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Registered Office Address Proof
Exemptions & Compliance Requirements
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100% FDI under the automatic route is allowed in most sectors.
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Foreign LLPs are exempt from dividend distribution tax.
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Annual compliance filing with MCA is mandatory.
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GST Registration required if annual turnover exceeds ₹20 lakh (₹10 lakh for special category states).
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Form 8 & Form 11 Filing annually for LLP compliance.
Frequently asked questions
