Services

Services

10k Start-ups

We have helped 10k start-ups all around the world and help them to reached new heights in minimal time.

Services

5+ Years of Experience

We are experts in our field, our team has over 8 years of experience.

Services

50+ Locations

We are located in 250+ different locations in India.

Services

Privacy & Security

Privacy & Security of a Customer is paramount. We ensure your payment, company & personal details are protected at the highest level.

Services We Offered

(We make technical compliance certifications effortless and convenient.)

Project Office Registration

In the dynamic global business landscape, foreign companies seek to establish a foothold in India to tap into its vast market potential.

Branch Office Registration

For foreign companies seeking to establish a significant presence in India, a Branch Office serves as a viable option to conduct business operations.

FEMA Compliance

The Foreign Exchange Management Act (FEMA) in India is a critical piece of legislation that governs foreign exchange transactions and overseas investments.

Liaison Office Registration

For multinational corporations seeking to establish a presence in India without undertaking commercial operations, a Liaison Office serves as a valuable option.

 An Overview of FEMA: 

The Foreign Exchange Management Act (FEMA) is an important legislation in India that governs foreign exchange transactions, external trade, and payments involving non-residents. FEMA enables monitoring and supervision of foreign exchange transactions, ensuring compliance with regulatory requirements, reporting obligations, and prudential norms to maintain the stability and integrity of the foreign exchange market. FEMA aims to liberalize foreign exchange transactions and promote ease of doing business by simplifying procedures, removing restrictions, and facilitating cross-border transactions. 

In summary, FEMA provides the legal framework for regulating foreign exchange transactions, external trade, and payments in India. By facilitating liberalization, regulating transactions, monitoring compliance, and enforcing penalties for violations, FEMA aims to promote the orderly development of the foreign exchange market, safeguard economic stability, and ensure the integrity of India's external sector.

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Pros and Cons of Start-ups

Pros

More opportunities to learn

Flexibility

Flexible hours

Innovation is encouraged

Increased Responsibility
 

Cons

 Risk of failure

High Stress

Having to raise capital

Competitive business environment

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 The Foreign Exchange Management Act (FEMA) is a crucial piece of legislation in India, designed to regulate foreign exchange transactions, external trade, and payments involving non-residents. FEMA is essential for regulating foreign exchange transactions, ensuring that they comply with regulatory norms, and contributing to the stability of India's external sector. It aims to prevent unauthorized transactions, money laundering, and other illicit activities, thereby safeguarding the integrity of the foreign exchange market. FEMA plays a pivotal role in facilitating external trade by regulating export and import transactions, determining exchange rates, and facilitating the settlement of trade payments. It provides a legal framework for businesses to engage in international trade while ensuring compliance with regulatory requirements.

In summary, the Foreign Exchange Management Act (FEMA) is indispensable for regulating foreign exchange transactions, external trade, and payments in India. Through its regulatory framework, compliance requirements, enforcement mechanisms, and adaptability to changing economic conditions, FEMA contributes to the stability, integrity, and development of India's external sector.

Why Choose GST & IT Buddies?

We have Better Business Models
Most of our teams has founded a start-up or worked for 5+ years in an innovative company. We know how innovative business models can be developed, tested, and implemented through startup methods & tools.
We have a Worldwide Reach
For past 8+ years we have delivered innovation outcomes across various countries & industries. As a result, we have a worldwide network of start-ups, partners & experts across 10+ countries.
We Deliver Results on Time
We never lose sight of the important things. Delivering innovation to solve real people’s problems while at the same time returning the investments.

Our Achievements

Process
1

5+ Years of Experience

Process
2

500+ Startup Consultants

Process
3

10+ Countries

Process
4

5k+ Startups Registered

Testimonials

Some testimonials from our customers