India offers a huge potential for companies with good intentions and products. However, one has the overcome the challenges of a diverse number of legal and statutory compliance to be able to set up successfully and maintain operations.
Though, this at times seems to be a deterrent of doing business in India, but if one ensures that all processes and requirements are followed, this business is highly rewarding.
Strategy India has a direct selling compliance team that works with some of the experts and attorneys to cover all aspects of corporate establishment in the country.
The compliances broadly include Export & Import license and duties, Income tax, Central Sales Tax & VAT, Foreign Investment Promotion Board (FIPB) approval or direct route, Reserve Bank of India (RBI) approval, Food Safety and Standard Authority of India (FSSAI) NOC and product registration and licensing etc.
We are well equipped and have provided our opinion to various direct selling- MLM companies as per the acts generally applied to fraudulent operations by the police.
Strategy India also helps to formalise the terms of all bi-party or multi-party agreements while engaging with different vendor’s suppliers and manufacturing tie ups.