India offers a huge potential for Direct selling companies with good intentions and products. However, one has toovercome the challenges of a diverse number of legal approvals 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, Goods and Service Tax (GST) , Department of Industrial Policy & Promotion (DIPP) approval or direct route, Reserve Bank of India (RBI) approval, Food Safety, Standard Authority of India (FSSAI) NOC and product registration & licensing.
We are well equipped and have provided our opinion to various direct selling-companies to safeguard against the acts that leads to fraudulent operations and actions by the police department.
Strategy India also helps to formalize the terms of all bi-party or multi-party agreements while engaging with different vendor’s suppliers and manufacturing tie ups.