Chartered Accountants◆Practising since 2016

India rules · all investors

Timeline: India rules for foreign companies

CA Utsav Dogra, Chartered Accountant, ICAI M. No. 542375

The critical path almost always runs through documents on the home side and the bank account in India. Incorporation itself is quick once the file is complete.

Where time is lost, and how to save it

The critical path almost always runs through documents on the home side and the bank account in India. Incorporation itself is quick once the file is complete.

Three things shorten the timeline: Indian review of drafts before they are legalised, starting bank onboarding while the incorporation is being filed, and confirming the resident director before anything is submitted.

After the account is open, the capital remittance, allotment and FC-GPR follow statutory windows of 60 and 30 days. Building these into the plan avoids a rush that leads to late filings.

Stage by stage

StageTypical duration
foreign documents and legalisation1–6 weeks depending on the country
Name and incorporation2–3 weeks
Bank account1–4 weeks, in parallel
Capital remittanceDays after account opening
Allotment and FC-GPR60 days, then 30 days

Checklist

  • Freeze names and spellings
  • Indian review of every draft
  • Start bank onboarding early
  • Confirm the resident director
  • Plan allotment and FC-GPR dates

Common mistakes

  • Redoing legalisation after errors
  • Starting the bank only after incorporation
  • Overlooking holidays in both countries
  • Missing the FC-GPR window

How this applies to your country

Our service: Indian subsidiary incorporation

Questions

Can incorporation be done in a week?

Occasionally, when every document is ready and verified; two to three weeks is a realistic plan.

What is usually the slowest step?

Opening the bank account and completing the bank's KYC on the foreign parent and its owners.

What causes most delays?

Name mismatches across documents, legalisation errors, late bank onboarding and no resident director.

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