Transfer money from overseas subsidiary

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Sankar Rao

25 Points Joined December 2011

I have couple of Questions.

1. Are there any rules for india regitered private limited company to open its subsidiary overseas to be followed in India?

2. This foreign resitered company will invoice the overseas customer. What is the best way to transfer money from this foreign registered company to India? How about taxation?

3. Can an indian registered company raise invoice directly to overseas customers? From a tax perspective which works well. Is it to invoice a overseas customer for the services offered from an Indian company or from a foreign company and later transfer the amount from the overseas entity?

Thanks

Sankar Rao

Replies (3)

CA. Anuj Gupta

Practices in NRI Int.Tax FEMA TP FD

7024 Points Joined May 2007

The answer shall depend on the facts of the case. Kindly share more facts or consult an expert.

Anuj

+91-9810106211

femaquery @ gmail.com

Sankar Rao

25 Points Joined December 2011

Thanks Anju for you reply. Can you elaborate what kind of facts is needed?

The company in service provider who is providing services to customer overseas. The company is a registered private limited company in India. The execution of service such as development of website, operations, HR and finance will be driven by employees in India. There will be sales and marketing folks who will in overseas and will take care of selling part.

The company is providing services such as travel assitance, healthcare solution. The model is very similar any of the IT/BPO service provider in India who is serving customers in US/UK.

Thanks

Sankar Rao