Greetings everybody!!


I am joining a new venture for a unique matchmaking website. The target audience is largely the Indian public. The website is being built on a unique concept that will appeal to both the conservative and the liberal segments in India. The company behind this is being incorporated in Canada.

We have hit a road block with the payment gateway. I spoke to a couple of payment gateway providers in India. According to them they only service companies or firms that are incorporated in India.
That being said, we need to know how to set up a payment gateway. Members will pay in Indian currency and the transfer of funds has to be made in US$ or in CA$.


I'd thankful if someone in the forum can guide me in this regard. Paypal is not an option too as they have suspended services in India after february this year.

Thanks in advance for your replies.

Quote:

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Originally posted by ILOVENA

Greetings everybody!!


I am joining a new venture for a unique matchmaking website. The target audience is largely the Indian public. The website is being built on a unique concept that will appeal to both the conservative and the liberal segments in India. The company behind this is being incorporated in Canada.

We have hit a road block with the payment gateway. I spoke to a couple of payment gateway providers in India. According to them they only service companies or firms that are incorporated in India.
That being said, we need to know how to set up a payment gateway. Members will pay in Indian currency and the transfer of funds has to be made in US$ or in CA$.


I'd thankful if someone in the forum can guide me in this regard. Paypal is not an option too as they have suspended services in India after february this year.

Thanks in advance for your replies.

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In my opinion I would do the following:-

a. Set up a 100% subsidiary pvt ltd company in India.
b. Check for equity caps , but would be very little in your company since you are just setting up a web site.
c. :

You can also set up
Liaison Office/Representative Office
Project Office for specific one off projects.
Branch Office

Companies have to register themselves with Registrar of Companies (ROC) within 30 days of setting up a place of business in India.

This document with which you set up the company will help you open a bank account/ get PAN no etc.

Once that is done you can start operating, set up a payment gateway etc and things will work as you want it.

I think you are missing a step ie incorporating the company in India. This is easy and cheap, and get a hold of a CA firm doing that is not a problem.

Google and there are lots of Indian CA firms offering these services.
Trust this helps

RJ

Quote:

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Originally posted by rajivjuthani

In my opinion I would do the following:-

a. Set up a 100% subsidiary pvt ltd company in India.
b. Check for equity caps , but would be very little in your company since you are just setting up a web site.
c. :

You can also set up
Liaison Office/Representative Office
Project Office for specific one off projects.
Branch Office

Companies have to register themselves with Registrar of Companies (ROC) within 30 days of setting up a place of business in India.

This document with which you set up the company will help you open a bank account/ get PAN no etc.

Once that is done you can start operating, set up a payment gateway etc and things will work as you want it.

I think you are missing a step ie incorporating the company in India. This is easy and cheap, and get a hold of a CA firm doing that is not a problem.

Google and there are lots of Indian CA firms offering these services.
Trust this helps

RJ

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Thik hai bhai yaad rakhega