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Wholly owned foreign LLP registration in India, including detailed steps, legal requirements, and necessary documents for foreign companies and individuals, with expert guidance on setting up a foreign LLP for smooth business operations in India.

Wholly Owned Foreign LLP Registration

A Wholly Owned Foreign LLP (Limited Liability Partnership) is a business structure where a foreign company or individual owns 100% of the LLP in India. This structure is ideal for foreign businesses looking to establish a legal presence in India with limited liability, fewer compliance requirements, and operational flexibility.

Types of Wholly Owned Foreign LLP Registration

Types of wholly owned foreign LLP registration in India, including options for foreign companies and individual investors, with details on legal structures, benefits, and registration processes for foreign entities looking to set up an LLP in India.

1

Foreign Direct Investment (FDI) Route

Allowed under automatic approval for sectors permitted under the FDI policy.

2

Government Approval Route

Required for sectors where automatic approval is not allowed.

Benefits of Registering a Wholly Owned Foreign LLP in India

  • Limited Liability: Partners' liability is limited to their capital contribution.

  • 100% Foreign Ownership: Complete control over business operations.

  • Lower Compliance Burden: Fewer regulations compared to private limited companies.

  • No Minimum Capital Requirement: Start with any capital investment.

  • Tax Benefits: LLPs have lower tax liabilities compared to companies.

Step-by-Step Process for Wholly Owned Foreign LLP Registration

Step 1: Obtain Digital Signature Certificate (DSC)

  • Each designated partner must have a Class 3 Digital Signature Certificate (DSC) for filing registration documents online.
     

Step 2: Apply for Director Identification Number (DIN/DPIN)

  • Apply for a Director Partner Identification Number (DPIN) for designated partners using Form DIR-3.
     

Step 3: Name Reservation (RUN-LLP Application)

  • Submit an application for name approval through the Reserve Unique Name (RUN-LLP) portal.

  • The name must comply with MCA guidelines and be unique.
     

Step 4: Draft LLP Agreement

  • Prepare the LLP Agreement outlining profit-sharing, roles, rights, and responsibilities.

  • Agreement must be executed on stamp paper (value depends on the state of registration).
     

Step 5: Filing of Incorporation Form (FiLLiP)

  • Submit Form FiLLiP (Form for incorporation of LLP) with required documents to the Ministry of Corporate Affairs (MCA).

  • Processing time: 7-10 working days.
     

Step 6: PAN & TAN Application

  • Apply for a Permanent Account Number (PAN) and Tax Deduction & Collection Account Number (TAN) for taxation purposes.
     

Step 7: Opening a Bank Account

  • Open a corporate bank account in India for business transactions.

Documents Required for Wholly Owned Foreign LLP Registration

Documents required for wholly owned foreign LLP registration for foreign individuals in India, including passport, visa, proof of address, and bank statement for foreign investors, along with steps for seamless registration process and expert assistance for hassle-free LLP formation.

For Foreign Individuals

  • Passport (Notarized & Apostilled)

  • Address Proof (Utility Bill/Bank Statement – not older than 2 months)

  • Specimen Signature

  • DSC (Digital Signature Certificate)

  • DIN (Director Identification Number)

Documents required for wholly owned foreign LLP registration for foreign companies in India, including company incorporation documents, proof of address, bank statement, director details, and legal requirements for foreign entity registration, along with professional assistance for smooth LLP setup.

For Foreign Companies

  • Board Resolution Authorizing LLP Incorporation

  • Certificate of Incorporation (Notarized & Apostilled)

  • Memorandum of Association (MOA) & Articles of Association (AOA)

  • Identity & Address Proof of Authorized Representatives

  • DSC of Authorized Signatory

Documents required for wholly owned foreign LLP registration in India, including passport, proof of address, director details, company incorporation documents, and legal compliance for foreign investors, with expert guidance for a smooth LLP registration process.

For LLP Registration in India

  • LLP Agreement

  • Registered Office Address Proof (Rent Agreement, Utility Bill, NOC from the Owner)

  • Declaration from Designated Partners

Exemptions and Regulatory Considerations

  • Foreign LLPs are exempt from minimum capital requirements.

  • Foreign LLPs cannot raise external commercial borrowings (ECB) under normal circumstances.

  • Taxation benefits: LLPs are taxed at 30% plus applicable surcharge but do not suffer from dividend distribution tax (DDT) like companies.

  • Filing Requirements: Annual returns must be filed with MCA and Income Tax Department.

Frequently asked questions

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