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India does not recognize dual citizenship. However because you have stayed in India for more than 180 days in last four years you might be considered as Resident Indian. Both the options you have mentioned in your query is possible. However, in the second option for the manufacturers to export items to your Canadian company all of them should have Imp...
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ProfessionalImport-export business for India-Canada
I am resident of India and PR holder of Canada So eligible to do business in both countries. I am planning to setup import-export business. Basically want to sell items in Canada which are manufactured in India such as textile. What is the best possible way to register company. 1. Register 1 company in India and 1 in Canada and in documents show them as separate companies. 2. 1 company in Canada and import items from different manufacturer in India.
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Wazzeer Professional Network
ProfessionalIndia does not recognize dual citizenship. However because you have stayed in India for more than 180 days in last four years you might be considered as Resident Indian. Both the options you have mentioned in your query is possible. However, in the second option for the manufacturers to export items to your Canadian company all of them should have Import export code (IEC Registration) registration. In the first option only your Indian entity needs to have IEC registration and the manufacturers can directly sell the goods to your Indian entity which will in turn export them to your Canadian company. However, in this situation, the Indian manufacturers will charge GST to your Indian company and you need not charge GST to your Canadian company since it is export. Hence, considering these situations it would be more beneficial to you if you convince your Indian manufacturers to get IEC Registration and export directly to your Canadian company instead of you establishing one company in India and another in Canada
over 4 years ago
View answer
Import-export business for India-Canada
I am resident of India and PR holder of Canada So eligible to do business in both countries. I am planning to setup import-export business. Basically want to sell items in Canada which are manufactured in India such as textile. What is the best possible way to register company. 1. Register 1 company in India and 1 in Canada and in documents show them as separate companies. 2. 1 company in Canada and import items from different manufacturer in India.
-
Wazzeer Professional Network
ProfessionalIndia does not recognize dual citizenship. However because you have stayed in India for more than 180 days in last four years you might be considered as Resident Indian. Both the options you have mentioned in your query is possible. However, in the second option for the manufacturers to export items to your Canadian company all of them should have Import export code (IEC Registration) registration. In the first option only your Indian entity needs to have IEC registration and the manufacturers can directly sell the goods to your Indian entity which will in turn export them to your Canadian company. However, in this situation, the Indian manufacturers will charge GST to your Indian company and you need not charge GST to your Canadian company since it is export. Hence, considering these situations it would be more beneficial to you if you convince your Indian manufacturers to get IEC Registration and export directly to your Canadian company instead of you establishing one company in India and another in Canada
over 4 years ago
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