Set up your company in India
When you are ready to move beyond an Employer of Record, HyrEzy helps you set up your own company in India. Incorporation, tax and statutory registrations, foreign investment reporting and ongoing accounting are handled through our partner chartered accountants, while we recruit the team you will employ.
Who it's for
- Overseas companies opening their first office or engineering centre in India.
- Companies already employing staff in India through an Employer of Record who now want their own entity.
- Founders who want incorporation, compliance and hiring handled by one partner.
Alongside your hiring
Setting up the company and hiring the first team usually happen at the same time. HyrEzy can start recruiting while incorporation is in progress, and employ early hires through an Employer of Record until the entity is ready, so your team can start without waiting for the paperwork.
What setup covers
The exact steps depend on your structure and business activity. A typical setup for a foreign-owned private limited company includes:
Structure advice
Choosing between a private limited subsidiary, a branch or liaison office, or continuing with an Employer of Record, based on what you plan to do in India.
Director and signatory documents
Digital signature certificates and director identification numbers for the directors, including directors based outside India.
Company incorporation
Name approval and incorporation with the Ministry of Corporate Affairs, with the constitutional documents of the company.
Tax registrations
PAN and TAN for the company, and GST registration where your business requires it.
Foreign investment reporting
Reporting of the foreign investment and share allotment to the Reserve Bank of India under FEMA, through the company's bank.
Employer registrations
Shops and Establishments, Provident Fund, ESI and Professional Tax registrations, so you can put employees on payroll.
Bank account
Support with opening the company's bank account in India.
Ongoing accounting and compliance
Bookkeeping, tax filings and annual statutory compliance after the company is set up.
How it works
Discuss your plans
We understand what you will do in India, how many people you plan to hire and when, and recommend the right structure.
Documents and incorporation
Directors and shareholders provide the required documents, and the company is incorporated.
Registrations and bank account
Tax and employer registrations are completed and the bank account is opened, so the company can receive investment and run payroll.
Hire and run
HyrEzy recruits your team, and payroll and compliance continue through HRMS and accounting support.
Compliance
- Incorporation and filings are handled by qualified chartered accountants in line with the Companies Act, 2013.
- Foreign investment is reported to the Reserve Bank of India as required under FEMA.
- This page is a general overview, not legal or tax advice; your structure is confirmed with the chartered accountant before setup.
Frequently asked questions
Should we use an Employer of Record or set up our own company?
An Employer of Record is faster for your first few hires and needs no entity. Your own company makes sense once you plan a larger, long-term team or need to sign contracts and invoice in India. Many companies start with an EOR and move to their own entity later.
Can a foreign company own 100% of an Indian subsidiary?
In most sectors, yes, under the automatic route for foreign direct investment. Some sectors have caps or need government approval, which is checked at the start.
Do we need an Indian resident director?
Yes. Under the Companies Act, at least one director of an Indian company must be resident in India. Options for meeting this requirement are discussed during setup.
Can HyrEzy hire our team while the company is being set up?
Yes. Recruitment can start immediately, and early hires can be employed through an Employer of Record until the entity is ready.
Who handles the incorporation?
Incorporation, filings and accounting are carried out by qualified chartered accountants in HyrEzy's partner network, coordinated by HyrEzy.
Other services
Tell us what you need
Share your requirement and we'll come back with scope, timelines and pricing.