01
Available instruments
Private wealth may use an Indian private trust, holding company, LLP, will and family governance; GIFT IFSC offers a separately regulated Family Investment Fund route in a permitted legal form
02
Legal constraints
A private trust is not a regulated fund, while a GIFT IFSC Family Investment Fund must meet IFSCA registration, participant, investment and management rules. FEMA, residence, control, beneficiaries, tax and asset location are tested for every model
Asset protection starts with a permitted legal form and real governance. Private wealth may use an Indian private trust, holding company, LLP, will and family governance; GIFT IFSC offers a separately regulated Family Investment Fund route in a permitted legal form.
03
Governance and succession
Registered-office, resident-director, accounting, audit, beneficial-ownership and annual-filing duties continue after formation; board process, people, contracts, GST, payroll and licences should reflect the actual business. Company formation runs through MCA and the integrated SPICe+ form for name reservation, incorporation, DIN, PAN/TAN and linked registrations; foreign shareholder documents require the applicable notarisation, apostille or consular authentication.
04
Banking perimeter
A corporate account and cross-border operations are structured through an RBI-regulated bank, with foreign exchange handled through an authorised dealer; GIFT IFSC and payment services have separate regulatory regimes and authorised-institution lists. The bank reviews the company, PAN and applicable registrations, UBOs, directors, FDI and FEMA records, source of funds, contracts, address, business purpose, countries, projected payments and consistency with the declared profile.
05
Tax map
The corporate burden depends on status and elections: a domestic company compares the ordinary regime with sections 115BAA and 115BAB, as well as surcharge, cess, MAT, incentives, withholding, transfer pricing and treaty eligibility. Residence and the scope of taxable income depend on presence days and special categories including RNOR; rates, capital gains, foreign assets, reporting and treaty relief are calculated from the facts.
FAQ
FAQ
Where should a private wealth: foundations and trusts project in India start?
Private wealth may use an Indian private trust, holding company, LLP, will and family governance; GIFT IFSC offers a separately regulated Family Investment Fund route in a permitted legal form
Can formation or account opening be guaranteed?
This material is general information. Formation, licensing, tax outcomes and account opening depend on the facts and the decision of the competent authority or financial institution.
Why are tax and banking reviewed together?
The corporate burden depends on status and elections: a domestic company compares the ordinary regime with sections 115BAA and 115BAB, as well as surcharge, cess, MAT, incentives, withholding, transfer pricing and treaty eligibility. The bank reviews the company, PAN and applicable registrations, UBOs, directors, FDI and FEMA records, source of funds, contracts, address, business purpose, countries, projected payments and consistency with the declared profile.
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Related routes
- Company formation
- Open primary source
- Bank accounts and private banking
- Open primary source
- Tax strategy
- Open primary source
- GIFT City IFSC funds and licensing
- Open primary source
- FEMA and cross-border payments
- Open primary source
- Relevant practice
- Open primary source