New Issue of India Briefing Magazine: Taking Advantage of India’s FDI Reforms
The newest issue of India Briefing Magazine, titled Taking Advantage of India’s FDI Reforms, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore through the months of February and March.
After a turbulent year for India’s economy, strong quarterly growth figures and encouraging political developments are set to make 2014 one of the most promising years for foreign investors in recent memory. Driven by the expectation that Indian exports and investment demand will increase steadily alongside a pick-up in the global economy, Goldman Sachs and the Reserve Bank of India expect GDP growth will reach 5.5 percent in 2014 and maintain a pace of about 7.5 percent over the next few years. India’s current account deficit sits at its lowest level in more than four years, and corporate confidence in the country surpasses both China and the United States according to Ernst & Young’s annual Capital Confidence Barometer Report.
Making a strategic and informed decision about investing in India requires both an understanding of the diverse options for investment in the country, and recent changes in FDI policy that open several key business sectors to increased foreign investment.
As India’s current account deficit contracts from its highest levels since the 1991 financial crisis, the Indian government will likely continue to liberalize FDI policy in an attempt to shrink the nation’s trade deficit and attract foreign investors. Regardless of whether the INC or BJP come to power in this year’s general election, investors can expect widespread liberalization of FDI policy mirroring India’s post-1991 deregulation to continue—potentially even opening up business-to-consumer e-commerce, railways and the construction industry to foreign investment.
In India Briefing Magazine’s first issue of 2014, we explore important amendments to India’s foreign investment policy and outline various options for business establishment, including the creation of wholly owned subsidiaries in sectors that permit 100 percent foreign direct investment. We additionally explore several taxes that apply to wholly owned subsidiary companies, and provide an outlook for what investors can expect to see in India this year.
In this Issue:
- An Overview of Recent Changes in India’s FDI Policy
- Navigating Business Establishment: Liaison Offices, Branch Offices and Project Offices
- Wholly Owned Subsidiaries: Establishment and Taxation
- India’s 2014 Outlook: What Investors can Expect this Year
Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.
You can stay up to date with the latest business and investment trends across India by subscribing to Asia Briefing’s complimentary update service featuring news, commentary, guides, and multimedia resources.
Payroll Processing Across Asia
In this issue of Asia Briefing Magazine, we provide a country-by-country introduction to how payroll and social insurance systems work in China, Hong Kong, Vietnam, India and Singapore. We also compare three distinct models companies use to manage their payroll across various countries with external vendors, and explain the differences among three main models: country-by-country, managed, and integrated models while highlighting some benefits and drawbacks of each.
An Introduction to Doing Business in India
In this guide, we introduce the basics of setting up and running a company in the country and some of the key issues investors should pay attention to. This issue is currently available as a complimentary download on the Asia Briefing Bookstore.
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In this issue of India Briefing, we focus on the dynamics driving India as a global trading hub. Within the magazine, you will find tips for buying and selling in India from overseas, as well as how to set up a trading company in the country.
An Introduction to Audit in India
In this issue of India Briefing, we examine how India’s accounting standards differ from the globally accepted IFRS and IAS protocols, and outline the standard steps and procedures an Indian auditor will go through during the audit process and explain pre-audit preparations that can be carried out to make the process easier to follow and understand for foreign executives.
India’s Taxes for Foreign-invested Entities
In this issue of India Briefing, we provide an overview of India’s taxes on business, which includes a section on India’s double taxation avoidance agreements, and then discuss individual income tax rates and deductions. Finally, we discuss India’s tax reforms in 2013, including an article by Chandrahas Choudhury, New Delhi correspondent for Bloomberg View, “Can India Tax Itself to Prosperity?”
Establishing a Business in India
In this magazine, we discuss establishment structures in India, including liaison offices, project offices, branch offices, and wholly owned subsidiaries. We overview each structure in terms of the situations in which it is appropriate, its permissible activities and limitations, as well as its setup and winding up processes, complete with flow charts.
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