India is on track to be the world's fastest-growing large economy, with the International Monetary Fund forecasting economic growth of 7.5% in 2016. The country is the world's second-most populous nation, with more than 1.2 billion people.
India is an attractive option for companies seeking to expand their markets internationally, especially in retail, manufacturing, pharmaceuticals, steel, information and space technology. The Make in India project, announced by the government in 2014, aims to transform India into a global design and manufacturing hub.
The nation has a large and young workforce, and labour costs remain competitive with its Asian peers. While India has a reputation as being an outsourcing destination delivering reduced costs, the country is increasingly being recognised as the world’s largest potential market for goods and services.
Nearly two decades of economic liberalisation, coupled with robust domestic demand, a growing middle class and a young population, has created a vibrant economy and a workforce powerhouse. A cut in the corporate tax rate, announced in the 2015 Union Budget of India (annual budget), is expected to boost average corporate earnings growth into double figures next year.
The largest democracy in the world, India is also geopolitically stable, with its government based on the British system.
Our core areas of expertise
TMF Group is world-class provider of essential corporate services in India. In addition to Indian company formation, we offer registered office and registered agent services and related post-incorporation services, including incorporations and shelf documentation, core post-incorporation work (COPI) and value added post-incorporation work (VAPI).
We enable multinational businesses to confidently and quickly establish a presence in India via our international incorporations, corporate secretarial services, accounting and tax services and HR and payroll services.
About TMF Group India office
TMF Group launched its first office in Delhi in 2006, and over the years has expanded to Mumbai, Bangalore and Noida.
Our well-established presence in India enables us to provide standard and tailor-made solutions, focused on HR and payroll, accounting and tax services, corporate secretarial services and international incorporations.