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Planning to expand your business into India?

India is one of the world's fastest-growing business destinations—and setting up your company doesn't have to be complicated.

At Companies Next, we help Japanese entrepreneurs and businesses with: ✅ Company Registration ✅ FEMA & RBI Compliance ✅ GST & Tax Registration ✅ Accounting & Payroll ✅ Ongoing Legal & ROC Compliance

From incorporation to business growth, our experts ensure a smooth and hassle-free market entry.

✨ Foreign Entrepreneurs in Thailand: Navigating Compliance Challenges ✨

Starting a business in Thailand can be exciting but also tricky. This infographic breaks down: 1️⃣ The Foreign Business Act (FBA) and its restrictions 2️⃣ Why local expertise matters 3️⃣ Common compliance risks 4️⃣ Simple steps to stay compliant

Considering expanding your business into Vietnam's dynamic market? Understanding the intricacies of conditional investment sectors is crucial for a successful venture.

Thinking of launching your business in South Korea? Follow these straightforward steps to ensure everything is properly set up for success.

Choose the Right Business TypeThe first decision is choosing your business type. The options include:

Limited Liability Company (LLC): Best for smaller businesses.

Sole Proprietorship: A good option for a single owner.

Joint Stock Company (JSC): Ideal for larger businesses with multiple shareholders.

Get Your Business LicensesBefore you start operations, ensure that you have the required licenses. For example, food-related businesses need specific health permits, while import/export businesses will need the appropriate trading licenses.

Register Your BusinessThe registration process requires submitting documents such as a business plan, identification, and other relevant details. This usually takes a few days to a couple of weeks.

Register for TaxesGet your business tax number from the National Tax Service and secure your Business Registration Certificate. This is a vital step in your business operations.

Set Up Your Business Bank AccountKeep your personal and business finances separate by opening a dedicated business bank account.

Comply with Local RegulationsOnce your business is up and running, make sure you comply with tax obligations and renew any necessary licenses regularly.

Foreign business cuts investments in India under government’s pressure

Why Omidyar Network leaves

The news that Omidyar Network immediately ceases fresh investments in the Indian economy in 2024 came out of nowhere. The company has previously invested over $600m in various local startups. Among other things, Omidyar Network supported the likes of e-pharmacy 1MG, edtech Vedantu, fintech startups Kaleidofin, Kiwi, M2P Fintech, and Indifi. Pierre Omidyar, Ebay founder and the fund’s backer, provided no reasonable explanation regarding the decision to cut ties with India.

In his statement, Omidyar says the end of investments comes as a result of “significant change in context and the growth in the economic landscape that the India-based team has experienced since first making investments there in 2010.” What this cryptic message means is unclear. Many of the Indian team were caught off-guard by this statement as well. As Omidyar’s unexpected decision was made public, they were still exploring the options of hiring Indian staff to further invest in various projects.

However, some sources claim that Omidyar Network and a number of American, Australian, European companies were prohibited to invest in India in 2021; the reason for this ban was the investors’ alleged illegal revenue. Some obscure and biased reasons also prevent Parimatch from developing its business operations, even though the company’s extremely enthusiastic about India’s economy booming in the coming years.

You won’t come across this news anywhere. Still, this has a truth ring to it, once you learn the Indian authorities have been consistently pushing the non-residents out of the country’s market, making room for the local enterprises.

Parimatch also felt this nepotism in action. The company’s been developing extensive plans to invest millions in India, and all it got in return was a counterfeit look-alike impostor that operates freely in the bookmaking sector, inflicting all sorts of reputational damages to the international brand of Parimatch.  

Foreign investors can only speak “off the record” in regard to this nuisance of a situation. “You can earn money here; you can spend money here, but you can never take wat you have earned here back home,” laments the business community.