Our collection of resources based on what we have learned on the ground
Resources
Q&A
What types of duties are there in India?
- November 2013
- Free Access
There are many duties levied by the Central Government. A list of the following includes the most important ones: Basic Duty; Additional Customs Duty; Additional Duty (VAT); Anti-dumping Duty; Countervailing Duty on subsidized articles; Safeg...
Q&A
Which documents are required to sell to India?
- November 2013
- Free Access
According to s. 90(4) Income Tax Act, Indian buyer has the right to request the seller to show a Tax Residency Certificate. Tax Residency Certificate is issued by national tax bureaus of the country of origin of the company or individual. However, th...
Q&A
How to register a trading company in India?
- November 2013
- Free Access
To register a company in India, the following steps are involved: Proposed directors must apply to the Ministry of Corporate Affairs of India to obtain the Director Identification Number. After obtaining so, the directors can apply to the Registr...
Q&A
What documents are necessary for Importer/ Exporter Code number application in I...
- November 2013
- Free Access
You will need to fill in the “Aayaat Niryaat Form” (ANF2A) and accompanying this form, you will need: 2 Passport-sized photographs of the legally responsible persons; Permanent Account Number; Current bank account number; Banker&rsq...
Q&A
What is Permanent Account Number in India?
- November 2013
- Free Access
Permanent Account Number is necessary for many financial transactions in India. It can be obtained by submitting an application to whom accompanied by the applicant’s proof of residence and identity.
Q&A
Where would it be an efficient location to set up an Indian company?
- November 2013
- Free Access
There are Special Economic Zones in India that foreign investors can take advantage of. There are, principally, 4 kinds of Special Economic Zones: Special Economic Zones for Multiple Sectors; Special Economic Zones for Specific Secto...
Q&A
What are the advantages of setting up a business in Special Economic Zones in In...
- November 2013
- Free Access
There are many incentives for foreign investors to begin their trading business in Special Economic Zones. These incentives include non-exhaustively: Duty free importation of required machinery, production lines and related equipment; Duty free i...
Q&A
How can a foreign investor set up a Vietnamese representative office?
- November 2013
- Free Access
The following steps are recommended: Finding a suitable location; Obtaining an operational license from the provincial Department of Trade; Representative office official stamp registration; Opening bank account; and Three consecutive announce...
Q&A
What can a Vietnamese representative office do?
- November 2013
- Free Access
The following functions are allowed legally to be carried out by representative offices in Vietnam: To function as a liaison office for a parent company and any of its subsidiaries; To promote the expansion of economic, trading, scientific and te...
Q&A
What parameters are used to evaluate the operation of representative office in V...
- November 2013
- Free Access
The operations of representative office can generally be reflected by the total number and value of its transactions, contracts and projects, as well as the total number of staff, during the operation year. But the following factors may be helpful in...
Q&A
Why should the representative office in Vietnam be upgraded?
- November 2013
- Free Access
A number of restrictions on representative offices may disadvantage their operations, namely: Representative offices are not allowed to sign contract directly with any clients without valid power of attorney from the parent company; Representativ...
Q&A
How to upgrade a Vietnamese representative office to other entities?
- November 2013
- Free Access
First, the legal form of the new entity must be considered and chosen. There are 3 entities that a representative office can upgrade to: A branch office; A 100% foreign-owned enterprise; or A joint venture with local partner. For the establis...
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