India Limited Partnership

India Limited Partnership
Limited Liability Partnership (LLP) is a new corporate structure that combines the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. In other words, it is an alternative corporate business vehicle in India that provides the benefits of limited liability of a company, but allows its members the flexibility of organizing their internal management on the basis of a mutually arrived agreement, as is the case in a partnership firm.
Owing to flexibility in its structure and operation, it would be useful for small and medium enterprises, in general, and for the enterprises in the services sector, in particular. Internationally, LLPs are the preferred vehicle of business, particularly for service industry or for activities involving professionals.
 
Key Features of India LLP

India LLP	Corporate Details
General
Type of Entity	Limited Liability Partnership
Type of Law	Common English  Law
Registered Office in India	Yes
Shelf company availability	No
Our time to establish a new company	2 months
Corporate Taxation	0%.
Access to Double Taxation Treaties	No
Withholding tax payable to shareholders	20%
Share capital or equivalent
Standard currency	Indian Rupee.
Permitted currencies	Any
Minimum paid up	$ 1
Usual authorized	–
Directors
Minimum number	N/A
Local required	Yes
Publicly accessible records	Yes
Location of meetings	N/A
Corporate directorship allowed	N/A
Partners
Minimum number	2
Publicly accessible records	Yes
Corporate Partner  allowed	Yes
Location of meetings	Anywhere
Company Secretary
Required	N/A
Local or qualified	N/A
Accounts
Requirements to prepare	Yes
Audit requirements	No
Requirements to file accounts	No
Publicly accessible accounts	No
Other
Requirement to file annual return	Yes
Migration of domicile permitted	No
Limited Liability entity	Yes

 
Tax treatment
The Indian LLP is tax exempted but there is a 20% withholding tax payable by shareholders.
Duration for set up the partnership
Two months.
Distinctive advantages of India LLP

• Operating Business in India is Cheaper for foreign Entrepreneurs.
• India economy presents massive untapped market potentials. 

 The Valsen Advantage

• Speedy, Efficient and consistent Services.
• Relentless effort to obtain bank accounts.
• Expert advice on structuring options.
• Dedicated ongoing compliance support.