In the past few years, India has emerged as a preferred and popular destination for foreign companies to expand their business, thanks to its growing consumer demand, and enhanced ease of Doing Business! Foreign Companies are now eagerly looking forward to start full-fledged companies in India, with their own identity for tax and legal purposes, with only the funding assistance coming from the foreign parent. What better way to do so, other than opting for a Wholly-Owned Subsidiary! What is a Wholly Owned Subsidiary (WOS)? - A subsidiary company is a company whose majority stakes are held by another company, also called the parent or holding company. It usually carries the same brand identity or value as the parent company. The main purpose of opening a subsidiary company is, in fact, to expand the business of a parent company with the flexibility of having a separate, localized operational structure. What do you need to set up a Wholly Owned Subsidiary (WOS)? - 100% Shareholding by Foreign Parent Company 2 Nominee Shareholders 2 Resident Directors An ROC-approved name Registered Office Address Documents Legalized by appropriate authorities How to register a Wholly Owned Subsidiary (WOS)? Step 1 - Document Legalization Step 2 - Passing Board Resolution Step 3- Name Approval Step 4 - Document Legalization for application Step 5 - Filing Application Step 6 - Receiving Incorporation Certificate At Setindiabiz, we assist in navigating through each of these steps carefully to ensure successful incorporation of your foreign subsidiary company. Also, we provide full support in document legalization to ensure accuracy while filing.

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