India Market Entry Services for Singapore Companies

India Market Entry Services for Singapore Companies

Expand Your Singapore Business into India

India has become an increasingly important growth and investment destination for Singapore companies seeking access to a large domestic market, technology talent, manufacturing capacity and opportunities across South Asia.

The India–Singapore economic relationship is particularly strong. Singapore was the largest source of FDI equity inflow into India during FY 2025-26, contributing approximately USD 19.80 billion, representing about 33.65% of India’s total FDI equity inflow during the year.

On a cumulative basis, FDI equity inflows from Singapore into India reached approximately USD 194.69 billion from January 2000 to March 2026, making Singapore India’s largest cumulative source of FDI equity investment.

Singapore companies enter India for a wide range of objectives, including:

  • Accessing Indian consumers and business customers;
  • Establishing sales and distribution operations;
  • Setting up manufacturing and sourcing operations;
  • Establishing technology and innovation centres;
  • Creating Global Capability Centres in India;
  • Expanding financial services and FinTech operations;
  • Developing regional supply chains;
  • Investing in Indian businesses; and
  • Establishing India as a long-term South Asian growth market.

However, successful India entry involves much more than simply registering a company in India.

A Singapore business should evaluate its proposed activities, ownership structure, FDI regulations, FEMA requirements, tax implications, India–Singapore treaty considerations, transfer pricing, GST, local licences, employment requirements and profit-repatriation strategy before committing investment.

EzyBiz India Consulting LLP assists Singapore companies throughout their India market entry journey. Our services include entry strategy, company incorporation, FEMA and RBI advisory, taxation, transfer pricing, accounting, payroll and ongoing regulatory compliance.

Common India Entry Routes for Singapore Companies

Business Objective Structure Commonly Considered
Long-term commercial business with full control Wholly Owned Subsidiary
Business with an Indian strategic partner Joint Venture
Testing the market before establishing an entity Distributor / Channel Partner
Representative presence without commercial operations Liaison Office
Permitted activities as an extension of Singapore parent Branch Office
Execution of a specific Indian project Project Office
Technology/shared-services operation Indian subsidiary / GCC
Manufacturing in India Usually Indian subsidiary / WOS

The appropriate structure should be chosen after considering commercial objectives, foreign ownership, taxation, liability, regulatory requirements and the long-term India strategy.

For a detailed comparison, see our Business Setup in India for Foreign Companies guide.

Why India Is an Attractive Market for Singapore Companies

India offers a compelling combination of market size, economic growth, skilled talent and investment opportunities. It is increasingly viewed by Singapore businesses as an important destination for expansion, manufacturing, technology development and regional business operations.

Some of the key advantages include:

Large Consumer Market

India is one of the largest consumer markets in the world, creating opportunities across industries such as:

  • Consumer Products
  • Financial Services
  • FinTech
  • Healthcare
  • Logistics
  • Manufacturing
  • Technology
  • Education
  • Food & Beverage
  • Retail
  • Professional Services

Businesses may enter the Indian market through wholly owned subsidiaries, joint ventures, distributors or strategic partnerships depending upon their business objectives.

Strong Economic Growth

India continues to experience robust economic growth supported by increasing domestic consumption, infrastructure development, digital transformation and manufacturing initiatives.

Government reforms and improvements in the ease of doing business have further strengthened India’s position as a preferred investment destination.

Skilled and Cost-Competitive Workforce

India offers access to one of the world’s largest pools of skilled professionals across:

  • Software Development
  • Artificial Intelligence
  • Data Analytics
  • Engineering
  • Finance & Accounting
  • Research & Development
  • Customer Support
  • Legal & Compliance
  • Digital Marketing

This enables Singapore companies to establish technology centres, Global Capability Centres (GCCs), research facilities and shared-service operations while maintaining cost efficiency.

Expanding Digital Economy

India has become one of the fastest-growing digital economies globally.

Opportunities exist in sectors including:

  • FinTech
  • E-commerce
  • Digital Payments
  • Cloud Computing
  • Software as a Service (SaaS)
  • Artificial Intelligence
  • Cybersecurity
  • Digital Infrastructure

Singapore companies operating in technology and financial services increasingly consider India as an important growth market.

Manufacturing and Supply Chain Opportunities

India is becoming an attractive destination for manufacturing and supply chain diversification.

Singapore companies are exploring opportunities in:

  • Electronics
  • Precision Engineering
  • Pharmaceuticals
  • Medical Devices
  • Renewable Energy
  • Industrial Manufacturing
  • Food Processing
  • Logistics Infrastructure

Government initiatives supporting manufacturing and infrastructure continue to create new investment opportunities.

Strategic Location

India provides Singapore businesses with access not only to the Indian market but also to South Asia, the Middle East and other emerging markets.

Many companies use India as a regional hub for expanding operations across neighbouring countries.

Planning to Establish or Expand Your Business in India?

Get end-to-end assistance with India market entry strategy, entity setup, regulatory approvals and post-entry compliance.

Speak With Our India Entry Experts

Singapore–India Business and Investment Snapshot

Particular India Market Entry Perspective
Capital Singapore
Currency Singapore Dollar (SGD)
Business Language English
Cumulative Singapore FDI into India Approx. USD 194.69 billion from January 2000 to March 2026
Singapore FDI during FY 2025-26 Approx. USD 19.80 billion
FDI Position Largest source of FDI equity into India during FY 2025-26
Bilateral Trade Approx. USD 34.3 billion during FY 2024-25
Tax Treaty India–Singapore DTAA
Trade Framework India–Singapore CECA
Common Entry Structures WOS, JV, Distributor, BO, LO and PO
Important Opportunities Technology, FinTech, GCCs, manufacturing, logistics, healthcare and professional services
Main Regulatory Areas FDI, FEMA, RBI reporting, tax, transfer pricing, GST, corporate law and employment

India–Singapore Business Relationship

India and Singapore share one of India’s strongest economic relationships in Southeast Asia.

Singapore is India’s largest trading partner within ASEAN and has consistently been one of India’s leading sources of foreign investment.

According to India’s Ministry of External Affairs, bilateral trade increased from approximately USD 6.7 billion in FY 2004-05 to USD 34.3 billion in FY 2024-25. Singapore was India’s sixth-largest trading partner during FY 2024-25.

The investment relationship is even more significant.

DPIIT data shows that Singapore contributed approximately USD 19.80 billion of FDI equity inflow during FY 2025-26, making it the largest source for that financial year.

Cumulative FDI equity inflows from Singapore amounted to approximately USD 194.69 billion from January 2000 to March 2026.

Singapore-linked investments in India span sectors such as:

  • Financial services;
  • FinTech;
  • Computer software and technology;
  • Trading;
  • Logistics;
  • Manufacturing;
  • Infrastructure;
  • Real estate;
  • Renewable energy;
  • Healthcare;
  • E-commerce;
  • Professional services; and
  • Global Capability Centres.

Singapore is also widely used as a regional headquarters and investment location by multinational groups operating across Asia.

However, the existence of a Singapore holding company by itself does not automatically provide Indian tax or treaty benefits. The commercial substance of the Singapore entity, beneficial ownership, applicable treaty provisions, anti-abuse rules and the actual transaction should be reviewed separately.

Singapore businesses planning direct operations in India can evaluate Foreign Company Registration in India, while multinational groups planning a technology or shared-services operation can review our Global Capability Centre Setup in India service.

Official bilateral information is available through the Ministry of External Affairs – India–Singapore Relations

Why Singapore Companies Choose India

Access to a Large and Growing Market

India provides Singapore businesses with access to one of the fastest-growing consumer and business markets globally.

Companies can establish direct operations or initially enter through distributors before making larger investments.

Expansion of Technology and Innovation

India offers significant opportunities for Singapore technology companies in software development, artificial intelligence, cybersecurity, fintech, cloud services and digital transformation.

Many businesses establish development centres to support global operations.

Financial Services and FinTech Growth

India’s rapidly evolving financial services ecosystem creates opportunities for Singapore companies involved in banking, digital payments, wealth management, insurance technology and financial technology solutions.

Global Capability Centres (GCCs)

Many multinational companies establish Global Capability Centres in India to manage:

  • Software Development
  • Finance & Accounting
  • Human Resources
  • Procurement
  • Customer Support
  • Legal Services
  • Data Analytics
  • Research & Development

India continues to be one of the preferred destinations for establishing such centres.

Manufacturing and Supply Chain Diversification

Singapore companies are increasingly evaluating India for manufacturing, sourcing and supply chain expansion, particularly in sectors supported by government initiatives and growing domestic demand.

Regional Business Expansion

Many Singapore businesses use India as a strategic base for expanding into neighbouring South Asian markets while simultaneously serving the growing domestic Indian market.

Our India Market Entry Services for Singapore Companies

EzyBiz India Consulting LLP provides comprehensive advisory and implementation support for Singapore companies planning to establish or expand their operations in India.

Our services cover the complete India market entry lifecycle.

India Entry Strategy

Before establishing operations, we assist in evaluating:

  • Nature of business activities
  • Investment objectives
  • Target customers
  • Preferred level of operational control
  • Tax implications
  • Regulatory requirements
  • Long-term expansion plans

Based on these factors, we recommend the most suitable market entry strategy.

Business Structure Advisory

We assist Singapore companies in evaluating various business structures including:

Each structure has different legal, tax and operational implications, and the selection should align with the company’s business objectives.

Company Incorporation in India

We assist with:

  • Company Incorporation
  • Digital Signature Certificates
  • Director Identification Numbers
  • PAN & TAN
  • Bank Account Assistance
  • Post-Incorporation Registrations
  • FEMA & RBI Reporting
  • Statutory Registrations

We also coordinate documentation required from the Singapore parent company and foreign shareholders.

FEMA and Foreign Investment Advisory

Our advisory includes:

  • FDI Regulations
  • FEMA Compliance
  • RBI Reporting
  • Share Subscription Documentation
  • Foreign Investment Reporting
  • Valuation Coordination
  • Repatriation Advisory
  • Overseas Remittance Compliance

Proper planning helps ensure compliance with India’s foreign investment regulations.

Tax and International Tax Advisory

Our services include:

  • Corporate Tax Advisory
  • India–Singapore DTAA Advisory
  • Transfer Pricing
  • Withholding Tax
  • Permanent Establishment Analysis
  • GST Advisory
  • Cross-border Transactions
  • Profit Repatriation Planning

Early tax planning can significantly reduce future compliance risks and tax disputes.

Accounting, Payroll and Compliance Support

Following establishment, we provide ongoing support including:

  • Accounting & Bookkeeping
  • Payroll Processing
  • GST Compliance
  • Income-tax Compliance
  • FEMA Compliance
  • ROC Filings
  • Financial Statements
  • Audit Coordination
  • Virtual CFO Services

This enables Singapore companies to focus on business growth while maintaining regulatory compliance.

Hiring and Employment Support

We also assist with:

  • Employment Structure Planning
  • Payroll Registration
  • Labour Law Compliance
  • Employment Documentation
  • Expatriate Taxation
  • Employee Tax Compliance

Distributor and Market Development Support

Companies not ready to establish an Indian entity may initially enter through distributors or channel partners.

We assist with:

  • Distributor Model Evaluation
  • Territory Planning
  • Commercial Structure
  • Distribution Agreement Advisory
  • Regulatory Considerations
  • Tax Implications

Many businesses later transition from a distributor model to a wholly owned subsidiary as their Indian operations expand.

Business Structures Available for Singapore Companies in India

Selecting the appropriate business structure is one of the most important decisions for any Singapore company planning to establish operations in India. The choice depends upon the proposed business activities, investment objectives, tax considerations, operational requirements and long-term expansion plans.

The commonly adopted business structures are discussed below.

Wholly Owned Subsidiary (WOS)

A Wholly Owned Subsidiary is the preferred structure for most Singapore companies intending to establish a long-term presence in India.

Under this model, the Singapore parent company generally owns 100% of the shares of the Indian subsidiary, subject to applicable Foreign Direct Investment (FDI) regulations.

A wholly owned subsidiary provides complete operational control and enables the company to undertake most commercial activities permitted under Indian law.

This structure is generally suitable for companies planning to:

  • Establish long-term business operations
  • Manufacture products in India
  • Provide services directly to Indian customers
  • Establish Global Capability Centres (GCCs)
  • Develop technology and innovation centres
  • Build regional business operations

Related Service: Wholly Owned Subsidiary in India

Joint Venture

A Joint Venture involves establishing a business together with an Indian partner.

This model may be suitable where the Indian partner contributes:

  • Local market expertise
  • Distribution network
  • Manufacturing capabilities
  • Industry knowledge
  • Existing customer relationships
  • Government and regulatory experience

A comprehensive Joint Venture Agreement should clearly define ownership rights, governance, profit sharing, management responsibilities, exit mechanisms and dispute resolution procedures.

Related Service: Joint Venture in India

Branch Office

A Branch Office enables a Singapore company to establish a business presence in India without incorporating a separate Indian company.

However, Branch Offices may undertake only those activities permitted under RBI regulations and cannot carry on manufacturing activities in India.

A Branch Office may be suitable for:

  • Consultancy services
  • Professional services
  • Import and export activities
  • Research activities
  • Representation of the parent company

Related Service: Branch Office in India

Liaison Office

A Liaison Office functions as a communication and coordination office between the Singapore parent company and Indian customers, suppliers or business partners.

It cannot undertake commercial or revenue-generating activities.

Typical activities include:

  • Market research
  • Promotion of business opportunities
  • Coordination with customers
  • Supplier liaison
  • Business development support

This structure is suitable for companies wishing to explore the Indian market before making significant investments.

Related Service: Liaison Office in India

Project Office

A Project Office may be established for executing a specific project in India.

This structure is commonly used for engineering, infrastructure, construction and turnkey projects.

The Project Office generally remains operational only for the duration of the approved project.

Related Service: Project Office in India

Distributor Appointment

Many Singapore businesses initially enter India by appointing distributors or channel partners before establishing their own legal entity.

This approach enables businesses to:

  • Test market demand
  • Minimise initial investment
  • Build customer relationships
  • Understand regional markets
  • Evaluate long-term business potential

As operations expand, companies often establish a wholly owned subsidiary or another suitable structure.

Related Service: Distributor Appointment Services in India

Foreign Direct Investment (FDI) in India

India permits foreign investment in most sectors under its Foreign Direct Investment (FDI) Policy.

Depending upon the business sector, foreign investment may be permitted under:

  • Automatic Route
  • Government Approval Route

Many investments from Singapore are made under the Automatic Route, subject to sector-specific conditions and applicable regulations.

Before making any investment, Singapore companies should evaluate:

  • Applicable FDI regulations
  • Sector-specific investment limits
  • Pricing guidelines
  • Valuation requirements
  • Reporting obligations
  • Industry-specific approvals

A properly planned investment structure helps minimise future regulatory challenges.

FEMA and RBI Compliance

Foreign investments into India are governed by the Foreign Exchange Management Act (FEMA) and regulations issued by the Reserve Bank of India (RBI).

Singapore companies investing in India should comply with FEMA requirements relating to:

  • Capital contribution
  • Share allotment
  • Pricing guidelines
  • Reporting of foreign investment
  • Transfer of shares
  • Repatriation of profits
  • External Commercial Borrowings (where applicable)

Timely compliance with FEMA regulations is essential to avoid penalties and facilitate future cross-border transactions.

India–Singapore Double Taxation Avoidance Agreement

India and Singapore have entered into a Double Taxation Avoidance Agreement (DTAA) governing the taxation of various categories of cross-border income.

Depending upon the transaction, the treaty may be relevant to:

  • Business profits;
  • Permanent Establishment;
  • Dividends;
  • Interest;
  • Royalties;
  • Fees for technical services;
  • Capital gains; and
  • Relief from double taxation.

However, treaty benefits should never be assumed merely because an investment is routed through a Singapore company.

A Singapore investor should examine:

  • Tax residency;
  • Commercial substance;
  • Beneficial ownership;
  • Principal Purpose Test and applicable anti-abuse provisions;
  • Permanent Establishment exposure;
  • Nature of income;
  • Supporting documentation; and
  • Indian domestic tax provisions.

For related-party transactions between the Singapore parent and Indian subsidiary, India’s transfer-pricing regulations should also be considered.

Typical intercompany transactions may include:

  • Management services;
  • Technical services;
  • Software and technology services;
  • Royalty;
  • Cost allocations;
  • Purchase and sale of goods;
  • Loans;
  • Guarantees; and
  • Employee secondment.

The official India–Singapore tax treaty and protocols can be reviewed through the Inland Revenue Authority of Singapore treaty documentation.

India–Singapore Comprehensive Economic Cooperation Agreement

The India–Singapore Comprehensive Economic Cooperation Agreement (CECA) is an important component of the bilateral economic relationship.

The agreement was signed on 29 June 2005 and entered into force on 1 August 2005. It covers areas including trade in goods, trade in services and investment.

CECA may be relevant to Singapore companies involved in:

  • Import and export of goods;
  • Cross-border services;
  • Professional services;
  • Financial services;
  • Investment;
  • Technology;
  • Movement of qualifying professionals; and
  • Wider India–Singapore business cooperation.

However, preferential customs treatment does not automatically apply to every product imported from Singapore.

Before relying on a CECA tariff benefit, the Indian importer and Singapore exporter should review:

  • Customs classification;
  • Applicable tariff concession;
  • Rules of origin;
  • Value-addition requirements;
  • Certificate of origin;
  • Direct-consignment requirements; and
  • Supporting documentation.

Official information on CECA is available through the Ministry of Commerce & Industry – India–Singapore CECA.

Singapore as a Regional Investment Hub for India

Singapore remains an important location for multinational groups managing Asian investments.

Businesses may use Singapore as:

  • Regional headquarters;
  • Holding-company jurisdiction;
  • Financing centre;
  • Treasury location;
  • Technology headquarters;
  • Intellectual-property management location;
  • Investment platform; or
  • Regional management hub.

Singapore offers a sophisticated banking, legal, financial and professional-services ecosystem.

However, an India investment should not be routed through Singapore solely because Singapore historically has been a popular holding-company location.

Before establishing a Singapore-to-India structure, the group should evaluate:

  • Genuine commercial purpose;
  • Management and decision-making;
  • Economic substance;
  • Tax residency;
  • Beneficial ownership;
  • India–Singapore DTAA;
  • General anti-avoidance rules;
  • FEMA;
  • Transfer pricing;
  • Withholding tax; and
  • Repatriation strategy.

The preferred structure should reflect the group’s actual commercial and operational arrangements, rather than being selected only for perceived treaty advantages.

For companies planning long-term Indian operations, an Indian Wholly Owned Subsidiary can provide a clear platform for local employees, customer contracts, investment and business expansion.

Documents Required for Business Setup

The documentation required depends upon the selected business structure.

Generally, Singapore companies may require:

  • Certificate of Incorporation
  • Constitution (or equivalent constitutional documents)
  • Board Resolution approving investment
  • Details of shareholders and directors
  • Identity and address proof of authorised representatives
  • Registered office details in India
  • Business activity details
  • Authorisation documents
  • Other documents prescribed under applicable Indian laws

Certain documents may require notarisation, apostille or consular authentication depending upon applicable legal requirements.

Estimated Timeline

The time required for establishing business operations depends upon the selected structure and regulatory requirements.

A typical timeline is as follows:

Activity Estimated Timeline
Entry Strategy Evaluation 2–5 Days
Documentation Preparation 5–10 Days
Company Incorporation 7–15 Working Days
PAN, TAN & Bank Account 7–15 Days
Post-Incorporation Registrations 1–3 Weeks
FEMA / RBI Reporting As prescribed under applicable regulations

Actual timelines may vary depending upon the business sector, documentation and statutory approvals.

Common Challenges Faced by Singapore Companies

Singapore businesses entering India commonly encounter practical challenges relating to:

  • Selecting the appropriate entry structure
  • Understanding FDI regulations
  • FEMA and RBI compliance
  • DTAA and international taxation
  • Transfer pricing
  • GST registration and compliance
  • Employment and labour laws
  • Banking and foreign remittance procedures
  • Identifying reliable business partners
  • Managing ongoing statutory compliance

Proper planning during the initial stage helps minimise regulatory risks and supports smoother business operations.

Professional Considerations Before Investing

Before investing in India, Singapore companies should carefully evaluate:

  • Business objectives
  • Proposed business activities
  • Investment structure
  • Applicable FDI regulations
  • Tax implications under Indian law and the DTAA
  • FEMA compliance
  • Profit repatriation strategy
  • Employment plans
  • Intellectual property protection
  • Exit strategy

A well-planned market entry strategy enables businesses to reduce regulatory risks, improve operational efficiency and support long-term growth in the Indian market.

Why Choose EzyBiz India Consulting LLP?

Establishing a business in India involves much more than company incorporation. It requires careful planning, regulatory compliance and continuous professional support to ensure smooth business operations.

At EzyBiz India Consulting LLP, we assist Singapore companies throughout their India market entry journey—from evaluating the most suitable entry strategy to managing ongoing compliance after establishment.

Our professional services include:

Whether you are entering India for the first time or expanding your existing operations, we provide practical, commercially focused and compliance-driven solutions tailored to your business objectives.

Our India Market Entry Process

We follow a structured approach to help Singapore companies establish and grow their business in India.

Step 1 – Initial Business Consultation

We begin by understanding your business model, products or services, expansion plans and commercial objectives.

Step 2 – Market Entry Strategy

Based on your business requirements, we evaluate the most suitable market entry model by considering:

  • Nature of business activities
  • Investment objectives
  • Tax implications
  • Regulatory requirements
  • Operational flexibility
  • Long-term expansion plans

Step 3 – Business Establishment

We assist with:

  • Company Incorporation
  • Statutory Registrations
  • FEMA Compliance
  • RBI Reporting
  • Tax Registrations
  • Bank Account Assistance

Step 4 – Operational Setup

After incorporation, we support businesses in establishing operational infrastructure including:

  • Accounting Systems
  • Payroll
  • GST Compliance
  • Corporate Compliance
  • Regulatory Reporting

Step 5 – Ongoing Business Support

Our team continues to assist with:

  • Accounting & Bookkeeping
  • Corporate Tax
  • GST
  • Transfer Pricing
  • FEMA Compliance
  • Payroll
  • ROC Compliance
  • Business Advisory

This enables Singapore companies to focus on business growth while we manage ongoing compliance requirements.


Business Consultation → Entry Strategy → Company Incorporation → Operational Setup → Business Growth in India

Frequently Asked Questions (FAQs)

Can a Singapore company own 100% of an Indian subsidiary?

Yes. In many sectors, 100% foreign ownership is permitted under India’s FDI Policy, subject to applicable laws and sector-specific conditions.

Is Singapore one of the largest investors in India?

Yes. Singapore has consistently been among the largest sources of Foreign Direct Investment (FDI) into India across various industries.

What is the best business structure for Singapore companies entering India?

The most suitable structure depends on factors such as business activities, investment plans, tax implications and long-term expansion objectives. A Wholly Owned Subsidiary is commonly preferred for long-term operations.

What is CECA?

The Comprehensive Economic Cooperation Agreement (CECA) is a bilateral agreement between India and Singapore that promotes trade, investment and economic cooperation between the two countries.

Does India have a tax treaty with Singapore?

Yes. India and Singapore have entered into a Double Taxation Avoidance Agreement (DTAA), which provides rules for taxation of cross-border income and helps reduce double taxation.

Can Singapore companies appoint distributors instead of establishing a subsidiary?

Yes. Many businesses initially enter the Indian market through distributors or channel partners before establishing their own legal entity.

Is RBI approval required for investment in India?

Many sectors permit foreign investment under the Automatic Route without prior approval. However, certain sectors require Government approval or are subject to specific conditions.

Can profits be repatriated from India to Singapore?

Yes. Subject to applicable tax laws, FEMA regulations and RBI reporting requirements, profits and dividends may generally be repatriated to the Singapore parent company.

How long does it take to establish a company in India?

The incorporation process generally takes around two to four weeks, depending upon documentation, regulatory approvals and the proposed business activities.

Related India Market Entry Services

Depending upon the proposed activity and investment model, Singapore companies may also require the following services:

Planning to Establish or Expand Your Business in India?

Get end-to-end assistance with India market entry strategy, entity setup, regulatory approvals and post-entry compliance.

Speak With Our India Entry Experts

Prepared By: EzyBiz India Consulting LLP
Reviewed By: CA Anil Agrawal
Last Updated: August 2026

Disclaimer

This page is intended for general informational purposes only and does not constitute legal, tax, FEMA, investment, customs or regulatory advice.

The appropriate India market-entry structure and applicable regulatory requirements for a Singapore company depend upon factors such as the proposed business activity, sector, ownership structure, beneficial ownership, investment amount, transaction model and actual conduct of operations.

The availability of benefits under the India–Singapore DTAA or CECA should be examined separately based on the specific transaction, commercial substance, applicable treaty provisions, anti-abuse rules, rules of origin and supporting documentation.

FDI policy, FEMA and RBI regulations, Indian tax law, company law, GST, customs provisions and regulatory requirements may change from time to time.

Singapore companies and investors should obtain professional advice based on their specific circumstances before making an investment, incorporating an entity, transferring funds, entering contracts, appointing distributors or claiming treaty or customs benefits.

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