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Liaison office in India
What Is a Liaison Office? The Foreign Exchange Management Act (FEMA) defines Liaison Office (“LO”) as “a place of business to act as a channel of communication between the Principal place of business or Head Office by whatever name called and entities…
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Flip Structure for Indian Startups: A Complete Guide
The flip structure is one of the most consequential decisions an Indian founder can make before a funding round, and one of the least understood. When a US-based investor asks you to flip, they are not just asking you to…
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How Groww’s $160 Million Delaware Tax Bill Became India’s Most Expensive Startup Lesson
Groww paid $159.4 million (Rs. 1,340 crore) in US federal exit taxes to reverse-flip from a Delaware C-Corporation to an Indian holding structure before its IPO. Indian investment platform Groww moved its parent entity from Delaware, USA, back to India.…
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