|Local Time (LIVE):||4:31 AM|
|Local Currency:||$1 = ₹71.32|
|Business Language(s):||Hindi, English|
|Tax Year Dates:||1st April– 31st March|
As one of the fastest growing economies in the world, India offers a host of opportunities to businesses looking to expand overseas. To attract foreign investment, India have simplified entry options, introduced incentives, and overhauled the complicated tax regime to be replaced by a unified tax structure.
With a population of 1.3 billion people, India is predicted to be the fifth largest consumer market in the world in 2025. So, it’s no wonder businesses are looking to expand into the country. However, it doesn’t come without its difficulties.
If you’re looking to expand your business to India, there are a number of payroll and HR considerations to think about to remain compliant. Fortunately, FMP Global are experts when it comes to international payroll and HR and can help streamline the transition and beyond. Speak to one of the team and start your expansion today.