GCC & Foreign Company Engagements

Incorporation, compliance, and advisory for GCCs and foreign-owned entities in India.

Dividend Repatriation & AdvisoryUSD 70MTreaty rate

How We Helped a US IT Major Repatriate USD 70 Million in Reserves From Its Indian Subsidiary

A large IT company's Indian subsidiary had built up substantial reserves over years of strong local operations. The US parent wanted to bring that capital back, and asked us to work out the best way to do it. The client's internal finance and legal teams had looked at a few options but hadn't settled on one, since each route carried a different tax cost, a different timeline, and a different level of regulatory scrutiny. SMACAS was engaged to recommend the right structure and then execute the transaction end to end.

Outcome

The dividend was distributed and remitted to the US parent at the correct treaty withholding rate, with every reserve, resolution, and filing properly documented. The transaction cleared the bank without delay, since the FEMA documentation was complete before the remittance was initiated.

dividend repatriation IndiaUS parent Indian subsidiaryFEMA DTAA compliance
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Full Lifecycle GCC SetupDay 1 compliant6 compliance tracks

From Incorporation to Full Compliance — Setting Up and Running an Indian Subsidiary for a US Parent Company

A US-headquartered company decided to set up an Indian subsidiary to access local talent and operate closer to its customers in India. Like most first-time entrants, the parent company had no on-ground team, no understanding of Indian regulatory timelines, and no appetite to build an internal finance and compliance function from scratch. They needed a partner who could take the company from zero to fully operational, and then keep it running. SMACAS was engaged at the incorporation stage and has continued as the subsidiary's outsourced finance, compliance, and governance backbone since.

Outcome

The subsidiary was operational and board-compliant from day one, with no gap between incorporation and functioning governance. Treasury flows are documented and audit-ready. Every statutory filing has an owner and a due date inside our tracker, and the client has not faced a single compliance notice since we took over. Most importantly, the US parent has a single point of accountability in India for finance and compliance, instead of juggling a registration agent, a part-time accountant, and a payroll vendor separately.

GCC incorporation IndiaUS subsidiary setupresident director India
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WOS Incorporation & Full Statutory Compliance3 jurisdictions7 compliance tracks

Guiding a UK Parent Company Through Indian Incorporation and Full Statutory Compliance

A UK-incorporated company, whose shareholders were based in South Africa, decided to enter India by setting up a wholly owned subsidiary. The ownership structure spanned three jurisdictions before the Indian entity even existed, and none of the decision-makers had operated in India before. They needed a partner who could incorporate the entity correctly against that structure and then run every statutory function on the ground, while explaining each step along the way rather than simply executing silently. SMACAS was engaged from incorporation and has continued as the entity's compliance, payroll, and tax function since.

Outcome

The subsidiary was incorporated with an accurate reflection of its full ownership chain from day one. Payroll, GST, TDS, PF, and ESI now run on a fixed monthly cycle with no missed deadlines. State level labour licences are in place ahead of any inspection risk, and the entity's transfer pricing position is documented annually rather than assembled reactively. The UK board now has a single, accountable partner in India who explains the compliance landscape as it evolves, instead of a set of disconnected local vendors.

WOS incorporation IndiaUK company Indian subsidiarytransfer pricing India
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GCC & Foreign Company Engagements

Global Capability Centres and foreign-owned entities face a unique set of challenges in India — governance requirements, treasury compliance, multi-layer statutory filings, and transfer pricing. SMACAS provides end-to-end CA support for GCCs and MNCs, from the day of incorporation through ongoing compliance, advisory, and reporting, so the foreign parent has a single, accountable partner rather than a fragmented set of vendors.

Relevant Services

Setting up or managing operations in India?

We work with GCCs, foreign subsidiaries, and Indian companies on incorporation, compliance, and advisory. Our CAs respond within 24 hours.

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