Seamless CFO Solutions for Global Subsidiaries in India
We bridge the gap between your parent company’s expectations and Indian operations by offering end-to-end financial management, compliance, and growth support.
Why Virtual CFO Services Matter for Foreign Subsidiaries
India is one of the most attractive destinations for global companies to establish subsidiaries, especially in IT, technology consulting, and professional services. However, managing a foreign-owned subsidiary involves unique challenges :
- Understanding which entity structure (Wholly Owned Subsidiary, LLP, Branch Office, etc.) is most suitable
- Navigating company formation and registrations with Indian authorities
- Managing dual compliance – Indian statutory requirements and parent company reporting
- Handling cross-border taxation and transfer pricing
- Preparing MIS reports in international formats (IFRS, US GAAP, etc.)
- Ensuring FEMA, RBI, and FDI compliance
- Managing local payroll while accommodating expatriate employees
- Filing ROC and secretarial compliances regularly
Hiring a full-time CFO for a subsidiary can be costly, and local accountants may not have expertise in cross-border matters. This is where a Virtual CFO bridges the gap by providing specialized financial expertise at a fraction of the cost, backed by a professional team with global experience.
Our Services – End-to-End Virtual CFO Support
We go beyond traditional bookkeeping. Our services cover the full financial lifecycle of a subsidiary — from incorporation to strategy.
Bookkeeping & Accounting
- Accounting under Indian GAAP, IND-AS, or IFRS as per parent needs
- Vendor and receivable management
- Monthly closing & reconciliation
- Audit support and financial statement preparation
Compliance & Cross-Border Taxation
- FEMA and RBI compliance for FDI inflows/outflows
- Transfer pricing advisory and documentation
- GST, TDS, Income tax filing and assessments
- Advisory on repatriation of profits/dividends
MIS & Global Reporting
- Monthly MIS tailored for parent company reporting
- Consolidated reporting packs for board/management
- Performance reviews with variance analysis
- Investor reporting with clarity & accuracy
Advisory on Entity Structure & Company Formation
- Guidance on the best type of company to form (Wholly Owned Subsidiary, Joint Venture, LLP, or Branch Office)
- Support with company incorporation under Indian Companies Act
- RBI/FEMA approvals for foreign investment
- Initial compliance setup — PAN, GST, bank accounts, and statutory registrations
Payroll & HR Compliance
- Payroll processing for Indian staff & expatriates
- Employee benefits and statutory compliance (PF, ESI, gratuity)
- Structuring of expat packages with tax efficiency
- Handling labor law compliance and filings
ROC & Secretarial Services
- Board meeting support, resolutions, & minutes
- Filing with Registrar of Companies (ROC)
- Maintaining statutory registers
- Compliance with Companies Act, 2013
Foreign capital/currency reporting
- Allotment of shares to foreign parent company
- Reporting to Reserve Bank of India – Regulator for foreign currency inward/outward
Our Process – How We Work with IT Subsidiaries
We keep it simple and transparent:
Assess your business structure, reporting needs, and compliance requirements.
Integrate accounting, payroll, and MIS tools aligned with parent company formats.
Regular bookkeeping, payroll, compliance, and MIS reporting.
Provide insights, benchmarking, and guidance to align Indian subsidiary goals with global strategy.
Why Choose Us for Your IT Subsidiary?
Specialized in IT industry & cross-border operations
Expertise in FEMA, RBI, and transfer pricing compliance
Consolidation-ready MIS tailored to global parent companies
Cost-effective compared to hiring a full-time CFO
Scalable services as your subsidiary grows
FAQ
Virtual CFO Services for Subsidiaries of Foreign Companies
A Virtual CFO provides the same expertise at a fraction of the cost, supported by a professional team that covers multiple functions simultaneously.
Yes, we specialize in dual reporting — ensuring compliance with Indian laws while also meeting your parent company’s reporting standards.
Absolutely. We provide advisory, documentation, and compliance support for transfer pricing and international transactions.
It depends on your business model — typically, a Wholly Owned Subsidiary (Private Limited) is preferred for IT companies, but we assess your needs before suggesting the structure.
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Absolutely. We offer a complete solution — from company formation to accounting, payroll, compliance, and strategic advisory.
Yes, our MIS is fully customizable. We can prepare reports under IFRS, US GAAP, or other international standards so they integrate smoothly with your parent company’s reporting system.
Yes, we manage payroll for both Indian staff and expats, including tax-efficient structuring, withholding tax compliance, and social security obligations.
Yes, your accountant can manage day-to-day bookkeeping, while we provide strategic oversight, compliance, MIS reporting, and CFO-level guidance to align your subsidiary with global operations
Yes, we coordinate with auditors, prepare necessary reports, and represent your subsidiary during assessments to ensure compliance and smooth closure.
Hiring a full-time CFO in India can be costly. With us, you get the same expertise at a fraction of the cost, along with a dedicated team covering multiple areas of finance and compliance.