Is it easy to set up a foreign entity in india? (corp,etc)(en.wikipedia.org)

1 pointsby cellisvor 19 Jahren4 comments

en.wikipedia.org

Is it easy to set up a foreign entity in india? (corp,etc)

http://en.wikipedia.org/wiki/L-1_visa

Acc to wikipedia, if you are a multinational company, it is available to the employees of that company that have worked in the foreign office for 1 year...does anyone know anything about this?

4 comments

Keiosvor 19 Jahren

I don't understand the relevance of your link???

cellisvor 19 Jahren

I have a friend in india that needs a visa. So I browsed around and found out about L-1. Basically, its a visa available to people working for multinationals. Legally, a multinational just has a corporation status in 2 countries (US and India in our case ). So I need to know if its possible to start a "paper" corp over there

Keiosvor 19 Jahren

Sure, you can - its takes a little while but it is fairly easy.

cellisvor 19 Jahren

whats the cost ? I know tata consultancy (basically an engineer importer) is exploiting this L1 (sshh, don't let the general populace know that people smarter than them are taking their jobs) loophole to great success!