A Subsidiary Company is also known as a sister company; and the company which practices control over it, is known as the parent company, or holding company. A subsidiary company can be controlled by the parent company partially or completely. What is WOS (Wholly Owned Subsidiary) When one company is 100% owned by another company, it is called Wholly Owned Subsidiary of the company who … Continue reading HOW TO SETUP A SUBSIDIARY IN INDIA
Niti Aayog and the Department for Promotion of Industry and Internal Trade, India are firming up a plan to offer incentives in order to attract companies looking to shift manufacturing from China. This includes 1,15,131 hectares of existing industrial land in Indian states such as Gujarat, Maharashtra, Tamil Nadu and Andhra Pradesh, a report by Bloomberg stated. There is a growing realisation among multinational companies … Continue reading INDIA WELCOMES COMPANIES LEAVING CHINA AFTER COVID-19 PANDEMIC.
India, Japan and Australia are working on a supply chain agreement to counter dependence on China by creating an alternative. The three countries plan to launch a trilateral Supply Chain Resilience Initiative (SCRI), which was first proposed by Tokyo, according to a report by The Economic Times. The ministers of commerce and trade of the three countries may discuss the initiative for the first time … Continue reading INDIA WORKING ON SUPPLY CHAIN WITH JAPAN, AUSTRALIA TO REDUCE DEPENDENCY ON CHINA
The president of America Mr. Donald Trump has extended freeze of H1B and H-4, J1(doctors & researchers), L1(intracompany transfer) visas issuance for new immigrants and suspended work visas for foreigners. The H1B visa issuance will be on hold till this year end. Three in four applications are from India hence it affect the most Indian IT industry. However, it will not effect those already in … Continue reading NO H1B? EVER THOUGHT OF PEO THAT MIGHT HELP YOU OUT
For technology startups and SME’s, India is the destination for its world class resources and to keep the burn rate in control. To take advantage of this, may companies use the time tested outsourcing model but over the years companies have realized that they need something more, something better, like better control over the team selection, work allocation, independence and also control over the cost. … Continue reading PEO BETTER ALTERNATIVE TO OUTSOURCING
The world is getting flat and companies know going global is the mantra forward! Whether you are an ambitious company looking to depute your trusted resource (expatriate) in India for market understanding/ project execution or you wish to start your India operations by hiring local resources, Remunance is your perfect hand-holder in this transition process. Remunance is a licensed professional employer of record (PEO) for client’s staff … Continue reading PEO FOR EXPATS IN INDIA
According to NAPEO, “A professional employer organization (PEO) provides comprehensive HR solutions for small and mid-size businesses. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEO companies provide to growing businesses across the country.” Outsourcing is a long prevalent option in the IT industry or otherwise for employing large number of resources overseas on specific tasks that the company may need short … Continue reading PEO VS OUTSOURCING
With the changes taking place now, working from home is no longer a perk only for the IT industry. Almost every sector is now being pushed into this novel way of operation with its unique benefits and challenges. It is time we explore the opportunities working remote brings to a company. The biggest advantage remote work brings to a small or medium enterprise is its … Continue reading REMOTE WORK – AN OPPORTUNITY TO GO GLOBAL?
With many foreign entities looking to set up enterprises, there are a few things to consider when you’re going for registering your business in India. With that in mind, here are a few fundamental steps that are necessary for registering any business in India: Checking the Company Name Availability Before any company registration can take place, you must check whether the proposed name is available. … Continue reading STEP BY STEP GUIDE TO SETUP A COMPANY IN INDIA
EOR (Employer of record) in India is the most suitable setup for any foreign company that wishes to start their business operation in India without forming a subsidiary. EOR becomes the legal employer of the Indian staff or the transferred expats of the foreign entity’s team in India. Employer of record also takes care of all compliances of the team, payroll processes, tax computations, employee … Continue reading WHAT IS EOR (EMPLOYER OF RECORD) IN INDIA?