Implementation and TrainingForeign Companies Setting up Business in India
You are based in USA, UK, Germany, Singapore, Hong Kong, Australia or anywhere in the world. You know about the high-growth Indian economy and the business opportunities in India for your company. You know about the relatively low cost but abundant talent available in India which can transform your business with new ideas and innovation. Perhaps your products are already being distributed in India through a third party distributor. Perhaps you have already outsourced software development or other business processes to an Indian service provider. Now you want to set up your own presence in India.
You need professionals who can quickly set up your business in India, obtain all the necessary registrations to start business, advise on business structure in compliance with transfer pricing norms, suggest suitable capital structure, help in opening bank accounts, take care of accounting, payroll and taxation matters. And do all this cost effectively.
We provide these services.
Highlights
- Web based accounting platform so you can view the financials online. No time lag between accounting and reporting
- Network approach for other services. Non exclusivitiy. Many of our existing clients are clients of Big-4 for Audit and Assurance services.
Case Studies
Company: Consumer Durables Industry
Home Country: Germany
Parent Company Turnover: More than $1 billion
Why did they choose India?
- Products were already being distributed in India through a distributor
- High end luxury products
- Demand in India is growing
- Company wanted to capture this growth through its own presence in India
- They set up a sales and marketing subsidiary in India
Why did they choose OATS?
- Cost effective solution for accounting, taxation, payroll and financial reporting
- Tight deadlines for month-end financial reporting to Germany for consolidation
- Worldwide audit by Big-4. OATS can effectively take care of requirements of Big-4 from audit and tax requirements
“You are doing an excellent job. We will never have in-house accounting department so long as we continue to get excellent support from OATS”.
- MD of the Indian subsidiary
Company: Scientific Research and Development
Home Country: USA
Parent company Turnover: More than $4 billion
Why did they choose India?
- Vast talent pool of scientists and engineers in India at relatively low costs
- Many of their existing customers have started setting up business in India and this company wanted to provide services to such existing customers in India also
- The company sensed a large potential demand in India for its services by Indian companies.
Why did they choose OATS?
- This company went through an elaborate formal evaluation process before selecting OATS as its accounting service provider
- We provide accounting, payroll, taxation, management accounting and financial reporting services
- Company has an intricate project costing system and OATS personnel have been trained in using this system
There are several other customers from UK, Australia, Germany and USA who have chosen India and OATS for similar reasons. They are from diverse industries such as automobile components, software products, software services, engineering services and others.
If you are planning to set up your business in India, contact us at contact@oats.co.in
If you are a newly established subsidiary of a foreign company in India and would like to know about our accounting, payroll and taxation services, contact us at contact@oats.co.in