Multinational
companies who look for support to set up their business in India seek professional
partners who can guide them through the maze of Indian laws, manage day-to-day
compliance-related work, optimize banking operations to get the best service at the
right cost.
ReNao helps them to survive and thrive in India.
Challenges in India
- Regulatory (procedure at time of starting of business).
- Statutory approvals & Licenses renewals.
- Compliance Burden (26 Laws applicable to do business in India).
- Response to notices & demands from various tax authorities.
- People Management & cultural conscious.
- National, State & Regional Politics.
- Renao Solutions
Compliance & Regulatory framework & approvals
- Identify all applicable laws and compliance frequency.
- Establish compliance calendar manually / in the system depending on client size, requirement and budget.
- Execute on compliance calendar with the help of our associates thereby reducing cost and ensuring best service to client.
HR (payroll) & Administration
- Study current and future presence in India.
- Optimize payroll, consultants fees.
- Run Payroll and ensure withholding tax, professional tax, retirement benefits and other compliances on monthly basis.
Banking & Treasury
- Identify banking, treasury, FX surplus fund managment, funding need.
- Identify best bank / branch among private, nationalized and foreign banks to get best service.
- Optimize banking relationship to get the best service at the least cost.
Legal & Secretarial
- Identify all types of contractual requirements including employee contracts, customer contracts, vendor contracts etc.
- Protect clients interest and guarding client exposure while drafting and executing contracts which are fully compliant in the Indian context.
Cross & Border Tax & Transfer Pricing
- Understand current client business model and ownership structure.
- Study current tax, transfer pricing and PE risks from an India perspective.
- Device a optimal transfer pricing policy to comply proactively with Indian laws and tax authorities.
- Support clients to respond to all queries / notices raised by tax authorities where applicable.
Business & residential Visa support
- Understand visa requirements for short and long term tenures.
- Work with our associates to apply and get visas / work permits as required
