IndianSubsidiary
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India Market Entry from the United Kingdom

With shared legal traditions, a common language, and bilateral trade exceeding GBP 38 billion, the UK-India corridor is one of the most well-established business pathways in the world.

Why India

Why UK Companies Choose India

Historic ties and modern opportunities make India a natural expansion destination for British businesses

Shared Legal Heritage

India's legal system, corporate law, and common law framework are rooted in British jurisprudence. UK companies find India's Companies Act, contract law, and dispute resolution mechanisms familiar and navigable.

English-Speaking Workforce

India has the world's second-largest English-speaking population. UK companies experience minimal language barriers in management, client-facing roles, and documentation - a significant advantage over other offshoring destinations.

Favourable Time Zone Overlap

The 4.5-5.5 hour time difference (IST is UTC+5:30) allows substantial overlap in working hours. UK teams can collaborate in real-time with India offices during the afternoon, enabling same-day decision-making.

Strong Bilateral Trade Corridor

UK-India bilateral trade exceeded GBP 38 billion in 2024. The India-UK Free Trade Agreement currently under negotiation is expected to further reduce barriers and tariffs across sectors.

Financial Services Expertise

India is a global hub for financial services outsourcing. UK banks, insurers, and fintech companies leverage India for technology development, back-office processing, and regulatory compliance operations.

Bilateral Framework

UK-India Bilateral Relations

Trade & Investment

The UK is the 6th largest investor in India, with cumulative FDI exceeding $31 billion. Over 600 UK companies operate in India across sectors including financial services, technology, pharmaceuticals, and energy. The India-UK FTA negotiations aim to double bilateral trade by 2030.

Double Tax Avoidance Agreement (DTAA)

The UK-India DTAA (revised 1993) offers favourable withholding rates: 15% on dividends (vs. 20% standard), 15% on interest (vs. 20%), and 15% on royalties and fees for technical services (vs. 20%). The treaty includes a comprehensive Mutual Agreement Procedure (MAP) and provisions for exchange of information.

Social Security Agreement

The UK-India Social Security Agreement (in force since 2015) prevents dual social security contributions for employees posted between the two countries. UK nationals posted to India for up to 5 years are exempt from Indian social security (EPFO) contributions, and vice versa.

Entity Structures

Recommended Entry Structures

Choose the right structure based on your business objectives and India commitment level

Private Limited Company (WOS)

Best for: Tech, financial services, professional services

100% FDI allowed under the automatic route in most sectors. The most common structure for UK companies, providing limited liability, a familiar governance framework under the Companies Act 2013, and easy profit repatriation.

Timeline: 10-15 business days

Branch Office

Best for: Service delivery, export-oriented operations

An extension of the UK parent entity. Requires RBI approval. Ideal for UK companies delivering services under existing contracts or conducting export activities from India. Profits can be repatriated after Indian tax obligations.

Timeline: 8-12 weeks (RBI approval required)

Employer of Record (EOR)

Best for: Initial hiring, market testing

Hire Indian talent without setting up a legal entity. Perfect for UK companies that want to build a small team (5-20 people) before committing to full incorporation. Transition to a WOS when ready.

Timeline: Operational in 1-2 weeks

Liaison Office

Best for: Market research, brand building

A representative office that cannot conduct commercial activities or earn revenue in India. Suitable for UK companies exploring the Indian market before making a full commitment. Valid for 3 years, renewable.

Timeline: 6-8 weeks (RBI approval required)

Tax & Compliance

Tax & Compliance Considerations

Corporate Tax

Indian subsidiaries of UK companies pay corporate tax at 22% (effective ~25.17%) under the new regime, or 15% (effective ~17.16%) for new manufacturing companies. The UK's corporation tax at 25% means the effective combined rate is competitive when DTAA credits are applied.

DTAA Withholding Benefits

Dividends: 15% (vs. 20% domestic). Interest: 15% (vs. 20%). Royalties/FTS: 15% (vs. 20%). UK companies must obtain a Tax Residency Certificate from HMRC and provide Form 10F to claim treaty benefits in India.

Transfer Pricing

All intercompany transactions between the UK parent and Indian subsidiary must comply with arm's length pricing. India's transfer pricing documentation requirements include local file and master file. Advance Pricing Agreements (APAs) are available for certainty on pricing methodology.

GST Implications

Services imported from the UK parent are subject to GST under the reverse charge mechanism. The Indian subsidiary must self-assess and pay GST on imported services. Input tax credit is available where the services are used for taxable outward supplies.

Regulatory Roadmap

Key Regulatory Steps for UK Companies

1

Document Apostillisation

UK documents (board resolutions, MOA/AOA of parent, passport copies) must be apostillised through the UK Foreign, Commonwealth & Development Office. India recognises apostilled documents under the Hague Convention.

2

Director Requirements

At least one director must be resident in India (present for 182+ days in the preceding calendar year). UK directors need DSCs and DINs. We provide resident director services from Day 1.

3

Company Incorporation via SPICe+

File the integrated SPICe+ form with the MCA for company name approval, incorporation, PAN, TAN, EPFO, ESIC, and GST registration in a single application.

4

FDI Compliance & RBI Reporting

File Form FC-GPR with the RBI within 30 days of share allotment. Annual FLA return required. FDI from the UK qualifies for the automatic route in most sectors.

5

Banking Setup

Open a current account with an Indian bank. Several UK banks (HSBC, Barclays, Standard Chartered) have strong India operations, which can simplify the banking relationship. GBP to INR remittance for share capital must occur within 60 days.

6

Employment & Payroll Setup

Register with EPFO and ESIC for employee benefits. Set up payroll with TDS compliance. UK nationals working in India need an Employment Visa and may be exempt from EPFO under the Social Security Agreement.

Track Record

Our Track Record with UK Companies

120+

UK Companies Incorporated

5 Weeks

Average Incorporation Time

100%

Compliance Rate

GBP 30M+

FDI Facilitated

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