Sage-Tips

Can a foreigner start a restaurant in India?

A foreign / offshore legal entity or person can act as a founder of the Indian company which will be owned 100\% by the foreign citizens or companies. There is no legal requirement for one shareholder or director to be Indian citizen.

Can a foreign citizen open a company in India?

The NRIs and foreign nationals can register a private limited company, public limited company or Limited Liability Partnership (LLP) in India. Thus, the NRIs and foreign nationals cannot start a partnership firm, proprietorship firm or one-person company in India.

Can a foreign national start a business in India without being a resident?

A Foreign National need not be a resident to start a business in India, and there are several ways to set up a new business in India.

Can a foreigner own a sole proprietorship in India?

No. Foreigners can not create a Proprietorship in India. As per the provisions of Indian FEMA, 1999 foreigners are not allowed to invest in or start a Partnership or Proprietorship Firms in India.

How can I open a foreign branch in India?

To open a branch office in India a foreign company must apply for approval from the Reserve Bank of India (RBI) under provisions of the Foreign Exchange Management Act (FEMA), 1999.

Can a foreigner buy hotel in India?

To legally purchase property in India as an individual without the permission of the Reserve Bank of India (RBI), a foreigner has to qualify as a ‘person resident in India’ under Section 2(v) of the Foreign Exchange Management Act (FEMA).

Can foreigners buy commercial property in India?

The answer to this question is that yes NRI can buy a commercial property in India. RBI’s guidelines allow non-resident Indians to buy specific types of properties in India.

How much does a restaurant owner earn in India?

Employees as Restaurant Owner earn an average of ₹15lakhs, mostly ranging from ₹15lakhs per year to ₹15lakhs per year based on 2 profiles. The top 10\% of employees earn more than ₹15lakhs per year.

How much does it cost to open a restaurant in India?

However, the actual license fee ranges from Rs 5000 to 10,000 for a small restaurant. The licenses are issued for a financial year and need to be renewed in March every year. FSSAI -One needs to get a license from the Food Safety and Standards Authority of India (FSSAI) to operate a food business.

How to get into the food business in India?

If you are thinking of ideas to get into the food business in India, you should start by considering a few things – The time and effort it takes, the capital and market dynamics. And that there so many options for you to get into the food business world without having to set up a full scale restaurant.

How to decide the location of the restaurant business in India?

Other factors to be considered while deciding the location of the restaurant business in India, are- Visibility and accessibility- The restaurant should be located in a place that is easily visible as well as accessible.

What licenses are needed to run a restaurant in India?

Licenses required to run a restaurant in India. 1 1. FSSAI License. The FSSAI license, also known as the Food License is one of the most important licenses required to open a restaurant. It is 2 2. Liquor License. 3 3. Health/Trade License. 4 4. Eating House License. 5 5. Shop and Establishment License.