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Services for US and International Clients

NRAM & Co. (ICAI Firm Registration No. 023031S) is a firm of Chartered Accountants in Hyderabad, India. We work with foreign companies setting up or running a business in India, Indian founders whose companies are incorporated abroad, and Non-Resident Indians who have income or assets in India. Most of this work is done remotely, by email and video call.

Scope: we are Chartered Accountants qualified in India and members of the Institute of Chartered Accountants of India (ICAI). We advise on Indian tax, accounting and regulatory matters. We are not US CPAs and do not prepare US federal or state tax returns; where a matter has a US or other foreign tax side, we work alongside your adviser in that country.

Who we work with

  • US, UK, European, Middle Eastern and other foreign companies opening an Indian subsidiary, branch or liaison office
  • Foreign groups that already have an Indian entity and need its accounting, tax and compliance handled
  • Startups incorporated in the US or elsewhere with founders or teams in India
  • NRIs living abroad with income, property or investments in India

Setting up in India

  • Entity choice: comparing an Indian subsidiary (private limited company), LLP, branch office, liaison office or project office for your plans
  • Incorporation: incorporating the Indian entity, and obtaining PAN, TAN, GST and other registrations
  • Foreign investment reporting: FEMA pricing and reporting when shares are issued to the foreign parent or investors, and the annual return on foreign liabilities and assets
  • Banking and setup: supporting bank account opening and the documents Indian banks and regulators ask foreign shareholders for

Running an Indian subsidiary

  • Accounting and payroll: monthly bookkeeping, payroll support, and reporting packs in the format your parent company needs
  • Tax and GST: corporate income tax, TDS, and GST compliance, including zero-rated GST treatment for services exported to the parent
  • Transfer pricing: documentation and the accountant’s report required for transactions between the Indian entity and its overseas group companies
  • Payments abroad: withholding tax on payments to foreign entities, treaty (DTAA) relief, and the remittance forms and certificates banks require
  • Audit and annual filings: coordinating the statutory audit and filing annual returns with the Registrar of Companies

Indian founders with overseas companies

  • US entity bookkeeping: maintaining books on QuickBooks for US entities (for example Delaware C-corporations) from bank statements and bills, ready for your US tax preparer
  • India-side structuring: advice on Indian tax and FEMA rules for founders resident in India who hold shares in, or are paid by, a foreign company
  • Indian subsidiary of a US startup: setting up and running the Indian arm that employs the founding team

NRIs and individuals abroad

  • Indian tax returns: for NRIs in the US, UK, Middle East and elsewhere with rent, interest or capital gains in India — see NRI Advisory
  • Property sales and repatriation: lower TDS certificates, capital gains computation and moving funds abroad from NRO accounts

How we work with overseas clients

  1. An initial video call, scheduled in your morning or evening so it overlaps with US or European business hours
  2. A written scope, timeline and fee before any work starts
  3. Documents shared electronically; approvals and signatures handled online wherever the law allows
  4. A single point of contact, with regular status updates by email

Frequently asked questions

Can a foreign company own 100% of an Indian company?

In many sectors, yes. India allows up to 100% foreign direct investment under the automatic route for a wide range of activities, subject to sector-specific caps and conditions. Some sectors need government approval or have lower limits. We check the rules for your activity before you incorporate.

Does an Indian subsidiary need a director who lives in India?

Yes. Every company incorporated in India must have at least one director who is resident in India. The other directors can be based abroad.

Do you prepare US tax returns?

No. We are Indian Chartered Accountants and advise on Indian matters. For US entities we can maintain the books in QuickBooks so your US CPA or enrolled agent can prepare the returns.

Can you work in our time zone?

We are based in India Standard Time (UTC+5:30). We schedule calls early morning or late evening in India so they fall within US or European working hours, and handle most work by email between calls.

What is transfer pricing and does it apply to us?

If your Indian entity transacts with its overseas parent or group companies, for example by providing services, the prices must be at arm’s length. Indian law requires documentation and, above certain limits, an accountant’s report each year. We prepare these for Indian group entities.

Related services

Further reading

Talk to us

Email info@nramco.com with a short note on what you need, call +91 91771 74999, or use the contact form. Office hours are Monday to Saturday, 9 AM to 7:30 PM India time. Answers to other common questions are on our FAQ page.

This page gives general information only and is not professional advice for any specific situation. Tax and regulatory rules change often; please consult us before acting on any of it.