Setup an Office in India - FAQ
Operational Related FAQ
1) Is there a minimum number of employees should I consider?
Technically you could start with a handful of employees, but considering the compliance needed and to get good returns on your time and money invested, we suggest to start with 15 to 20 employees.
2) How much time does it take to start a company in India?
Generally speaking, in India, it takes between 4 weeks to 12 weeks depending upon size, number of directors etc.
3) Are there any cost savings?
There are significant cost savings. More importantly, you control the employees and thereby retain good employees and enhance your business.
Benefits Related FAQ
1) What are the benefits of setting up an office in India?
Hiring your own employees reduces the dependence on third-party vendors and ensures the protection of intellectual property rights. It offers a low-cost, high-productivity, and scalable offshore model to meet the changing business needs.
2) If I am currently outsourcing, why should I set up an office in India?
Hiring your own employees offers a solid alternative to outsourcing some of the functions to third-party vendors which otherwise could not be cost-effective due to the low volume and skills required to perform the functions. It also offers flexibility to test different business ideas at a minimal cost.
Compliance Related FAQ
1) What kind of compliance is involved?
Once you have set up a company depending on the business and size, there are various types of compliance involved, such as GST, ROC, and Income Tax to name a few. Profound will help you to fulfil your compliance obligations.
2) What would be cost of winding up a company?
Remember to reap the rewards of your investment you need to give some time to make this work. Winding up a company is not easy work, it takes time and money. So to start with test water and decide.
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US Office
Profound Business Services LLC
1431 Opus Place Suite 110,
Downers Grove,
Illinois 60515, USA
Phone: +1-630-755-0830
India Office
Profound Business Services LLC 4th Floor, Yashodhan Business Complex,
1187/11, Off Ghole Road,
Shivajinagar, Pune 411005
Phone: +91-8007775021