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⍰ ASK What are the procedures to move out of India for running our business as an offshore company?

To move out of India for running a business as an offshore company, you would need to complete several steps, including:

  1. Choose a jurisdiction: Choose a country where you want to establish your offshore company and ensure that it is suitable for your business needs and goals.
  2. Incorporate the company: Follow the relevant procedures and legal requirements to incorporate the company in the chosen jurisdiction. This may include registering the company, obtaining necessary licenses and permits, and opening a business bank account.
  3. Relocate: Move to the chosen jurisdiction and set up your physical presence there. This may include finding a suitable location for your business, hiring staff, and establishing necessary infrastructure.
  4. Comply with legal and tax obligations: Ensure that you comply with all legal and tax requirements in the chosen jurisdiction, including registering for taxes, obtaining any necessary visas or work permits, and fulfilling reporting obligations.
  5. Maintain compliance: Regularly monitor your compliance with the laws and regulations of the chosen jurisdiction and ensure that you keep up-to-date with any changes or updates.
 

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