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Corporate incorporation

We support India incorporation end-to-end with a practical, execution-led approach. From name checks and MCA registration through RBI, GST and IEC filings to factory follow-ons, we structure and run the sequence with you.

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Support

What we help with

  • - Entity design, shareholding and objects review with a practical incorporation roadmap
  • - Name approval, digital signatures, MOA/AOA and MCA filing preparation and submission
  • - Post-incorporation essentials: PAN, GST, bank account sequencing and execution support
  • - Basic governance structure (articles, board and shareholder resolutions) aligned with accounting and tax teams

Why MSV

MSV designs incorporation structures with post-setup operations in view · grounded in hands-on accounting, tax and corporate administration.

Step 1

Name options and business description

  • Proposed names: Please prepare at least two candidates (review and approval typically take about 7–10 days).
  • Activity / sector: A concise summary of the purpose of incorporation and the intended business is required.

Step 2

Incorporation workflow (summary)

  1. Digital Signature Certificate (DSC) preparation
  2. Director Identification Number (DIN)
  3. Director PAN (income tax number), when required
  4. Name application and approval
  5. Memorandum & Articles (MOA & AOA) and incorporation documents
  6. Filing with the Ministry of Corporate Affairs (MCA)
  7. Certificate of Incorporation (COI)
  8. Company PAN and TAN
  9. Bank account opening
  10. Capital remittance, foreign investment reporting and RBI filing steps
  11. Business commencement steps
  12. Share issuance and Demat account linkage
  13. GST registration
  14. Importer–Exporter Code (IEC)
  15. Professional Tax (PT) registration

Illustrative day-by-day schedule

Item

Name availability / approval

Notary / apostille document prep

Notary / apostille (Korea)

MCA incorporation filing and review

Company bank account setup

Capital remittance and credit to India account

Foreign investment reporting and RBI filings

GST application

Importer–Exporter Code (IEC)

EPF / ESIC registration

Expatriate visa paperwork (employer & employment)

MSME (Udyam) registration

Professional Tax (PT) registration

ICEGate (customs) registration

Day 1Day 43Day 89
Span
1–12
13–14
15–24
26–42
43–49
50–58
59–74
50–78
79
51–58
44–48
79–81
79–83
79–89

Red vertical line: Day 43 · reference marker for an illustrative COI / key filing completion timing

Overlapping bars (e.g. GST and visa) show parallel workstreams. Actual duration depends on state, bank and document cycles.

Step 3

Factory-related follow-ups (when applicable)

  1. Industrial enterprise classification (MSME / mid-cap, etc.)
  2. Environmental, fire-safety and Factory Licence-related permits
  3. Factory building plan approval and related permits
  4. Factory licence issuance
  5. EPF and ESIC registration

Step 4

Indicative timelines (working days)

  • Name approval7–15 working days
  • Certificate of Incorporation (COI)7–10 working days
  • GST, IEC and related IDsAbout 15–20 working days after bank account and cheque book
  • Capital remittance, reporting and RBI filingsRemit within 60 days of COI; RBI timelines vary by case (often around 10–15 working days)
  • Factory setup (follow-on)About 30–45 working days after incorporation

Working-day estimates; actual dates vary by authority, bank and document completeness.

Step 5

Basic requirements

  • - At least two directors on the board and two shareholders (individuals or corporates are allowed).
  • - At least one India resident director is required (typically 182+ days in India per year).

Step 6

Illustrative capital and registration costs

KRW amounts below use a simple illustrative rate of 1 INR ≈ 16 KRW. Actual rates depend on the remittance date.

Share capital (INR)Share capital (KRW, indicative)Indicative registration costs (INR)
10,00,000 INR16,000,000 KRW1,175 INR
20,00,000 INR32,000,000 KRW68,075 INR
30,00,000 INR48,000,000 KRW98,175 INR
40,00,000 INR64,000,000 KRW1,28,175 INR
50,00,000 INR80,000,000 KRW1,58,175 INR
60,00,000 INR96,000,000 KRW1,68,175 INR
70,00,000 INR112,000,000 KRW1,78,175 INR
80,00,000 INR128,000,000 KRW1,88,175 INR
90,00,000 INR144,000,000 KRW1,98,175 INR
1,00,00,000 INR160,000,000 KRW2,08,100 INR
1,50,00,000 INR240,000,000 KRW2,45,610 INR
2,00,00,000 INR320,000,000 KRW2,83,110 INR
3,00,00,000 INR480,000,000 KRW3,58,110 INR

Fees vary by state of registration and share count. Final amounts follow the relevant RoC / state rules.

Step 7

Registered office address

  • - Must be confirmed within about two weeks of name approval.
  • - A registered office address in India is required.

This page summarises typical incorporation and follow-on steps. Client-specific checklists may be prepared separately under the agreed scope.

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