India is famous for its bureaucracy, and this frustrates all but the most experienced foreign investors. The current government has pushed departments to simplify the rules and regulations governing doing business in India, and the introduction of a simpler Goods and Service Tax (GST) is a good example of the efforts.
In fact, there have been improvements in almost all areas, and India jumped 30 places in the World Bank’s “ease of doing business” rankings for 2018. Even so, Handling bureaucracy in India “can be one of the most frustrating experiences for any Indian, let alone a foreign investor”. The tradition of requiring forms signed in triplicate is hard to break and it is taking a while to simplify the complex systems.
M+V’s blog answers the most frequently asked questions on handling bureaucracy. Our foreign market entry experts give simple clear answers to the questions they get most commonly asked by managers in international companies who want to do business in India. We look at how to ensure that your company formation is as smooth as possible, what type of Business Registration services different products and industries require, what incentives are offered to foreign companies and common payment behaviour in India. We know how all these things work because we support clients with all aspects of doing business in India.
We update our blogs regularly so if you don’t see your question answered, please write to us and we will try to answer it!