There’s a catch; and it’s not just paperwork. Most assume setting up here means registering under MCA and getting RBI approval. But here’s what they miss: An Indian subsidiary, even if 100% owned by foreigners, is NOT a foreign company. It stays Indian. No FC-1, no annual FC-3/FC-4. That’s huge. Also, naming your new company “XYZ India Pvt Ltd”? Might get rejected. Even if you own the global trademark. MCA’s rules care more about avoiding confusion than brand rights. And forget thinking you need an Indian director for your liaison office; you don’t. Just a resident authorized rep. The real game? Understanding which boxes you’re ticking; branch, project, or liaison; because compliance, validity, and restrictions change wildly. One misstep, and you’re stuck. Smart global players are now using MCA’s new FAQs to skip the landmines. Are you?