| Private company by foreign individual |
Foreign national wants to build and operate an Indian business directly. |
Needs at least one resident director; sector cap, PN2/PN3, pricing, bank KYC and visa or residential status issues still matter. |
SPICe+ incorporation, PAN/TAN/GST as applicable, FC-GPR for foreign share subscription, FLA if foreign investment exists. |
| LLP with foreign individual or entity |
Professional services, consulting, software and other 100% automatic sectors with no FDI linked performance conditions. |
Not suitable for capped or government route sectors or sectors with FDI linked performance conditions; needs resident designated partner. |
LLP incorporation, FDI reporting for capital contribution/profit share, annual LLP filings, tax registrations as applicable. |
| Wholly Owned Subsidiary (WOS) |
Foreign parent company wants full control of an Indian company. |
Only where sector permits foreign ownership up to the intended level; resident director required. |
Company incorporation, share subscription, FC-GPR, FLA, statutory audit, MCA annual filings. |
| Joint Venture (JV) |
Partner brings licences, distribution, regulatory access, capital or capped sector participation. |
Needs governance, reserved matters, deadlock, IP, non compete, exit and valuation provisions. |
Company/LLP filings plus JV agreement, FDI reporting, sector approvals if government route applies. |
| Liaison Office |
Foreign company, body corporate or overseas registered firm/association wants India market research, promotion, representation or parent company communication channel. |
Cannot earn revenue or commercial/trading/industrial activity in India; not available for an individual founder as a standalone personal setup. |
Form FNC through designated AD Category-I bank, RBI/UIN process where applicable, annual activity certificate, remittance-funded expenses. |
| Branch Office |
Foreign company, body corporate or overseas registered firm/association wants limited India revenue from permitted activities such as consultancy, export/import, IT/software, research or technical support. |
Activity restricted; not a general operating company and not a route for an individual founder. |
Form FNC through designated AD Category-I bank, RBI/UIN process where applicable, tax registration, annual activity certificate, branch accounting and tax filings. |