India is one of the most promising destinations for businesses all across the world. The reasons are easy to understand - India is a huge marketplace, a growing economy with upward consumption trends along with the low operating cost of setting up business and the availability of skilled labour force.
Setting up business operations internationally presents companies with enormous opportunities along with steep learning curve of business operations and unique challenges related to employment, taxation, payroll, compliance, etc. The organizations are required to be legally compliant, manage day-to-day taxation and accounting issues, knowledge of labor laws and available benefits. The organization would are also required to be prepared for change in custom, language and time difference to manage their business efficiently.
ILO Consulting offers a complete range of specialized services in the current dynamic business environment. We add value by the unique combination of ‘legal, tax and accounts’ services along with an approach to deliver high quality & transparent services. We provide assistance in the following:
- Setting up a legal structure and registration in laws
- Recurring Service
- Post Incorporation compliances
- Legal and tax related issues
We, at ILO Consulting combine our multi-disciplinary approach with deep industry knowledge to help clients mitigate risk and achieve their business potential. The approach is to develop a program or solution that enables the team to manage the difference or change in laws or regulations efficiently. A combination of local expertise, global reach and customized services is what makes us stand apart from others in delivering the best in class services
Our team is constituted by lawyers, chartered accountants, and company secretaries who provide legal, taxation, corporate accounting, payroll processing & other statutory compliances to local as well as foreign companies.
The broad range of services under this practice includes:
- Incorporation & Registration: to set up a new entity, file all appropriate local registrations and get your business the best start.
- Virtual Office: to provide virtual office which includes commercial office address, mail forwarding, telephone number, administrative support and resident director service.
- Bookkeeping: to provide bookkeeping in accordance with local GAAP in the local currency by country.
- Payroll: to provide payroll cycle per month for salaried, local national employees hired and paid in-country in local currency.
- Compliance: to provide compliances of tax returns, payroll form and secretarial service.
- Treasury Services: to provide processing of all required payments in support of accounts payable, employee expenses & tax payments.
- Accounts Receivable: to provide revenue model where the entity's profits are generated monthly, based on a cost-plus transfer pricing methodology and preparation of invoices as per the rules in India.
- Budget & Forecast: to make budgets, predictive forecasts and development of market analysis, providing sensitivity analysis for various market scenarios.
