An individual who is a resident of India and has Indian citizenship, or a person who has been a resident of India for at least 182 days in the prior calendar year, can incorporate a one-person company (OPC). This structure is intended to allow a single person to form a distinct legal organisation with limited liabilities. The individual will be the company's only owner and operator, benefiting from limited liability protection and corporate status. The OPC framework is a good alternative for entrepreneurs who want to start and operate a firm on their own while retaining the benefits of a corporate structure.
Leave A Comment