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Set-Up
At GCS, we provide comprehensive support to ensure your business setup in India is smooth, timely, and compliant after your entry strategy is in place.
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To identify the taste of Indian customers and appetite for your company’s products, it is essential to ascertain the breadth, depth, and flavour of the market. GCS can help you in identifying the market and the best location suitable for your product.
Market Survey:
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Logistics and supply chain management play an important role in sourcing, transporting, storing and distributing for the global and local market. Our team of experts can help you identify cost-effective as well as reliable vendors.
Logistics & Supply Chain:
Whether it be incorporating an entity in India or taking necessary approvals from various authorities, GCS can help you at every stage. Its services include making applications to various authorities, representing you before them, making submissions and finally getting approvals, certificates, registrations, licenses, etc.
Enabling Legal Set-Up:
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Normally, the borrowing cost in India is higher than compared to many other countries. However, we can help you procure finance at competitive rates from various sources based on the needs of the Project.
Finance & Sourcing:
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It is important to put appropriate clauses in the contracts with local partners so that you are assured of the fulfilment of promises and take care of your commercial interests. Compliance with local laws is also important.
In India, contracts are usually quite elaborate. GCS, with its seasoned lawyers, can help you draft proper legal contracts or vet the contracts that have been drafted by the local partners. Proper inputs at the initial stage can avoid avoidable litigation at a later stage.
An important aspect of contract drafting is the impact of taxes. The right structure at the stage of drafting can help you optimise on taxes.
Enabling Legal Set-Up:
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Finding a suitable address for correspondence, a small business place to operate from, opening and operating a bank account, and initial bookkeeping support can be provided by GCS at the initial stage.
Incubation Support:
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To prepare a detailed business plan, project report, and carry out a feasibility study, including long-term financial projections.
Business Plan:
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GCS can help you get your intellectual property rights secured by taking the necessary registrations of patents, trademarks, logos and copyrights.
IPR Registration:
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Depending on the sector and type of products and/or services, there are multiple legal entities and market entry options and strategies for starting a business in India. One needs to make a suitable choice, considering various factors like ease of setting up, impact of taxation, flexibility of operations, regulatory framework, current and likely policies, etc.
Currently, the following are some of the options for starting and managing a business in India:
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A Liaison/Project office
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Branch
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Private Limited Company (Subsidiary)
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Limited Liability Partnership
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Joint venture
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Partnership
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Sole proprietor
GCS can help you identify the most suitable form based on specific factors and convenience for your business.
Business Set-Up (Manufacturing/
Service):
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Setting up robust IT-enabled systems and processes is very important to monitor and control from remote locations.
Some examples of such systems and processes include:
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Access control and security through CCTV and Biometrics
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Access control and security through CCTV and Biometrics
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Goods dispatch/receipt controls
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Payment process controls
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Documents and data flow, and security
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Other internal controls and checks
These will also ensure adherence to various statutes and standards, checks and audits by various agencies.
Administrative & Systems Set-Up:
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Human capital is a key resource for the survival and growth of any organisation. Designing suitable HR policies is also critical. Keeping in mind local regulations and the larger goal of attracting and retaining talent, GCS can assist you in formulating appropriate HR policy. Moreover, tax-effective remuneration packages can be designed with the help of our in-house tax experts.
At GCS, we can help you recruit the right kind of resources for various roles and provide you with human resources on a secondment basis in case of need.
Manpower Procurement: