India’s business environment is currently experiencing a fun ride, boasting an average annual GDP growth of 7%. This figure has either remained constant or experienced exponential growth in recent years. The Indian business sector is blooming with an ample number of foreign investments and trade, supported by multiple government initiatives and the emergence of skilled youth nationwide.
When initiating business operations in India, company registration stands as a crucial step, offering legal protection, tax advantages, access to funding, and other pertinent benefits. Moreover, establishing credibility within the country is very important for businesses aiming to thrive and expand their footprint and that’s where employment models like Employer of Record (EOR) or outsourcing come with an alternative and help businesses start operations using remote resources in India.
However, meeting these demands can be achieved without going through the tedious formal conundrum of the registration process. This blog aims to fairly explore alternative options for business owners and enterprises to engage in economic activities, how to setup a business in India, and avoid concerns related to company registration at the same time.