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SBI INFRA MANAGEMENT SOLUTIONS PVT. LTD. (A Wholly Owned Subsidiary of SBI) TENDER ID: AHM201908025 DATE: 27.08.2019 TO 07.09.2019SBI, WHO BUILDING, 3RDCIRCLE OFFICE FLOOR, CHANDRA, AHMEDABAD380 001
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Step 1: Determine the country where you want to establish the wholly owned subsidiary.
02
Step 2: Research the legal requirements and regulations for setting up a subsidiary in the chosen country.
03
Step 3: Prepare the necessary documentation, including incorporation papers, tax registrations, and any other required permits or licenses.
04
Step 4: Decide on the structure and ownership of the subsidiary, considering factors such as capital investment, control, and liability.
05
Step 5: Arrange for the initial capital funding required for the subsidiary's operations.
06
Step 6: Register the subsidiary with the appropriate government authorities and obtain any necessary approvals.
07
Step 7: Set up the subsidiary's bank accounts and establish accounting and financial systems.
08
Step 8: Hire and train the subsidiary's employees, ensuring compliance with local labor laws and regulations.
09
Step 9: Develop a business plan and marketing strategy for the subsidiary's operations.
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Step 10: Monitor and review the subsidiary's performance regularly to ensure its success and compliance with local laws.

Who needs a wholly owned subsidiary?

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Companies seeking to expand their operations into foreign markets.
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Companies that want to have full control and ownership over their foreign operations.
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Companies that want to minimize risks and have the flexibility to adapt to local market conditions.
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Companies that want to establish a permanent presence in a foreign market for long-term strategic purposes.
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Companies that want to take advantage of tax benefits or incentives offered by certain countries for foreign investments.
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Companies that want to protect their brand and intellectual property rights in foreign markets.
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A wholly owned subsidiary is a company that is completely owned and controlled by another company.
The parent company that owns the wholly owned subsidiary is required to file the necessary paperwork.
To fill out a wholly owned subsidiary, the parent company must provide detailed information about the subsidiary's operations, financials, and ownership structure.
The purpose of a wholly owned subsidiary is to have complete control over the operations and decision-making of the subsidiary, while still maintaining a separate legal entity.
Information such as financial statements, ownership structure, and any related party transactions must be reported on a wholly owned subsidiary.
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