Travel to India

15 August 2015 will be India’s Independence Day and the same day that UK and 35 other countries will be eligible for the Indian e-tourist visa (eTV).

 

The other countries being added to the existing list include Andorra, Argentina, Armenia, Aruba, Belgium, Bolivia, Colombia, Cuba, East Timor, Guatemala, Hungary, Ireland, Jamaica, Malaysia, Malta, Mongolia, Monaco, Mozambique, the Netherlands, Panama, Peru, Poland, Portugal, Seychelles, Slovenia, Spain, St Lucia, St Vincent & the Grenadines, Suriname, Sweden, Taiwan, Tanzania, Turks & Caicos Islands,  Uruguay and Venezuela.

 

Those who intend to travel to India for no more than 30 days for the purposes of recreation, site-seeing, visiting friends or family, medical treatment or business can apply for an eTV.

 

Each applicant must have their own passport (with at least 6 months validity and 2 blank pages), have a return ticket and evidence of sufficient funds for the duration of their stay in India.

 

The cost of the eTV is US $60 per applicant which is paid online at the time when you apply for your eTV. You are able to apply 4 days before you travel and have 30 days within which to present yourself at the port in India after the eTV has been issued. It should also be noted that you can only apply for the eTV for a maximum of 2 visits in a calendar year and that on each occasion the eTV will be valid for a single entry only.

 

You must present yourself with the printed eTV (and your passport) to designated airports. From 15 August 2015 there will be a choice of 16 airports to travel to under the eTV.

 

For further information and how to apply please go to the following link: https://indianvisaonline.gov.in/visa/tvoa.html.

 

For further information on business and employment visas for India please feel free to contact me at thalejv@paragonlaw.co.uk.

“Attracting and retaining the best staff is important to the success of all businesses regardless of size. One of the ways to do this is to ensure that all staff are encouraged to develop new skills through training. However how does the business assure itself  that there is a return on investment? Read this report from a Talent Forum in which Thalej Vasishta and other business leaders participated:”

 

Paragon Law in Nottingham has secured the national Law Society’s law management quality mark, Lexcel.

Lexcel is developed specifically for the legal profession.  It is an optional, recognised accreditation scheme for law firms and in-house legal departments which gives assurance that a practice meets high client care and business management standards.

To gain and retain Lexcel accreditation, practice must undergo a rigorous intial then annual application and assessment process.  This includes conducting background checks and an on-site visit from an experienced, trained Lexcel assessor.

Marcus Worthington, Operations Director, said: “While we are proud to have secured Lexcel, it is our clients and staff who are the main beneficiaries.  They can be assured that the way we manage the practice has their interests at heart and runs efficiently.  There is a lot of choice in the legal services market, but being Lexcel accredited demonstrates our commitment to client care and best practice”.

Lucy Scott-Moncrieff, President of the Law Society of England and Wales, said: Gaining and maintaining Lexcel is no mean feat.  There are many facets of being a Lexcel accredited law firm, including client care.  A commitment to customer service in today’s evermore competitive legal services market is vital.

“By undergoing the rigorous Lexcel application and assessment process practices can show the positive steps they are taking to help clients in the increasingly diverse, complicated legal services market.

The scheme is a beacon of quality to clients and potential clients alike”.

Paragon Law joins more than 1200 other legal practices in England & Wales with Lexcel accreditation.  The practice management accolade has also gone international, with firms in Scotland, the Middle East, Poland and the Republic of Ireland having gained accreditation.

For more information about the Lexcel quality mark, please contact the Law Society Press office on: +44 (0)20 7316 5624 or email: press.office@lawsociety.org.uk

With a population of over 1.2 billion people of which 50% of the population are under the age of 25 old and with an expanding consumer base you and your business should consider market opportunities in India.

At this event the UK Trade & Investment and UK India Council have bought together experts on India that will provide you with an insight on subjects such as how to develop an India market entry strategy, the Rules on foreign investment in India and its emerging sectors.

The day will begin with a keynote speech from the Chair of UKIBC, the Rt. Hon. Patricia Hewitt and a videolink with Barry Lowen, UKTI Country Director in India.

Thalej Vasishta, CEO of the Paragon Group will touch upon our experience of setting up in India and his presentation will focus on how to transfer staff from the UK to India either on short or long term assignments together with HR considerations in the Indian market.

Information will also be provided by the UKTI on how your business can benefit from a UKTI arranged market visit to India.

For further information and to book yourself on this one day conference click here

From 6 April this year the UK government’s new Seed Enterprise Investment Scheme (SEIS) will be legally effective.  The SEIS regime offers one of the most significant and attractive tax relief schemes in the UK code and is designed to incentivise the flow of capital to promising early stage companies.

As a digital riptide continues to disrupt traditional business models at an ever greater rate, for savvy investors these SEIS tax breaks offer an incredible opportunity to back next generation web-based businesses which can quickly develop a global brand based on clever use of ever cheaper internet technologies.

Scheme highlights
An individual making a SEIS investment will benefit from income tax relief of 50% of the amount invested (up to a maximum of £100,000 per tax year) regardless of the rate at which the individual is taxed, exemption from capital gains tax on any proceeds of sale of the SEIS investment and also  exemption from capital gains tax on the proceeds of sale of other capital assets during the tax year 2012/2013 if and to the extent those gains are reinvested in a SEIS qualifying company.  These factors go some way to significantly de-risking the investment.

Notably, a company that first raises fund through SEIS will still be able to go on and take advantage of investment raised under the Enterprise Investment Scheme (EIS) or from a Venture Capital Trust (VCT), albeit not until the company has spent at least 75% of the SEIS monies raised.

Limitations
The key limitations of an SEIS investment are that there is a limit of £150,000 that a company can raise, it can’t have already raised funding via the EIS or VCT regimes and the SEIS funds must be used in a qualifying business activity within three years of the investment.

Also, the shares must be issued within two years of incorporation of the company for SEIS relief to apply, the company must have a UK permanent establishment, the investor can’t be an employee of the company (although they can be a director), the company must have fewer than 25 full time employees and the investor can’t hold more than 30% of the company’s ordinary share capital.

Non UK residents
For individuals who are non UK residents (or who don’t qualify for SEIS), a trust agreement can be put in place whereby an eligible UK resident can invest and hold the legal title to the SEIS shares on behalf of the foreign investor who has a beneficial interest and thereby receives all the benefits of his investment and the SEIS tax reliefs.

About the author
Jonathan is an experienced transactional lawyer, with a keen focus on digital media, who is skilled at structuring and negotiating small equity investment deals in startup companies.

Jonathan writes a popular blog on social media, business and legal issues and is happy to connect on LinkedIn and Twitter.  Jonathan is employed by Bargate Murray, an award winning streamlined and agile international law firm, located near London’s burgeoning Tech City.  Bargate Murray’s team know both the area’s main deal makers and also a number of high growth technology start-ups open to investment.

Following this weeks budget the UK has the best corporation tax in the European Union. With the incentives below, this makes the UK a good place for companies seeking to set up foreign operations.

The Chancellor’s key business announcements in his 2012 budget included the following:

  • Corporation tax cut to 24% from April 2012. By 2014 it will fall to 22%.
  • Office for Budget Responsibility forecast of one million more jobs in the economy over five years.
  • Low interest rates to small businesses via the National Loan Guarantee Scheme and expansion of the Enterprise Finance Guarantee.
  • Enhanced capital allowances for businesses setting up in new Scottish enterprise zones in Dundee, Irvine and Nigg. A Welsh enterprise zone is to be created in Deeside.
  • A new £370 million Development Fund for London to attract new business and jobs.
  • A Consultation next month on simplifying the tax system for small firms with a turnover of up to £377,000.
  • Government support for £3150 million of tax increment financing to help councils promote development and an extra £3270 million for the Growing Places Fund.
  • Review on how Government can work better with the private sector on growing the economy to be conducted by Michael Heseltine
  • New “above the line” research and development tax credit to be introduced next year.
  • Publication of the National Planning Policy Framework in an overhaul of planning regulation.
  • Tax relief for the video games, animation and high-end television production sectors.
  • Government considering Enterprise Loans for young people to start their own business.
  • Relaxation of Sunday trading laws on eight Sundays during the Olympics and Paralympics, starting July 22.
  • No further changes to fuel duty and vehicle excise duty frozen for road hauliers.
  • New Machine Games Duty for the gambling industry with a standard rate of 20% and a lower rate for low-prize machines of 5% of net takings.
  • New gambling tax regime that will impose tax at the place of consumption, to discourage online gambling moving offshore.
  • The Chancellor concluded that, “This country borrowed its way out of trouble. Now we’re going to earn our way out.”

To see how the Paragon Group can assist you in setting up business in the UK, please click here