Country Guides
50 country-specific guides covering DTAA rates, FDI routes, document authentication, and realistic timelines for setting up an Indian company.
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Argentina
Bilateral trade rebounded to $5.23 billion in 2024 after Argentina's drought-driven dip. India is Argentina's 5th largest trading partner. But there is no DTAA — and that changes your tax math. Here is the full picture.
Australia
The India-Australia ECTA has already doubled bilateral trade to $24.1 billion. As of January 2026, 100% of Indian exports enter Australia tariff-free. With 916,000 Indian-born residents making it Australia's fastest-growing migrant community and CECA negotiations pushing toward AUD 100 billion in trade by 2030, the commercial case for setting up in India has never been stronger.
Austria
India-Austria bilateral trade reached $2.98 billion in 2024. Over 150 Austrian companies already operate in India, from voestalpine steel to Andritz hydro. With a uniform 10% DTAA rate, the tax treaty is one of India's most favorable.
Bangladesh
Bangladesh is India's largest trading partner in South Asia at $13.5 billion in FY25. But Press Note 3 changes the rules. All Bangladeshi FDI into India needs government approval. Here is exactly how it works.
Belgium
Belgium and India traded $12.91 billion in FY 2024-25. The Antwerp-Surat diamond corridor has linked both economies for decades. With 37 new agreements signed in March 2025 and the India-EU FTA concluded, the relationship is accelerating.
Brazil
India-Brazil trade hit $15.2 billion in 2025, up 25% in a single year. Both countries are BRICS founding members targeting $20 billion in bilateral commerce by 2026. Here is how Brazilian investors can set up an Indian entity the right way.
Canada
Two million Canadians of Indian origin. $8.66 billion in bilateral goods trade. CPP Investments holding $21.6 billion in Indian assets. And a freshly launched CEPA that aims to push trade past $50 billion by 2030. If you are a Canadian resident, NRI, or business owner planning to set up a company in India, this is your step-by-step guide.
Chile
India-Chile trade hit $3.76 billion in FY 2024-25, with imports from Chile surging 72% on copper and lithium demand. A CEPA is under active negotiation. Here is how Chilean investors can set up an Indian entity.
Colombia
India-Colombia bilateral trade hit $4.72 billion in FY 2024-25. Bajaj motorcycles sell across Colombia, UPL runs factories in Barranquilla, and Zoho picked Bogota for its Latin American headquarters. The corridor is active and growing.
Czech Republic
Bilateral trade between India and the Czech Republic has grown 37x since 1993, crossing $3 billion. With the 2024 Strategic Partnership on Innovation and the EU-India FTA now in place, the doors are wide open for Czech investors.
Denmark
Bilateral trade between India and Denmark hit $6.1 billion in 2024. Maersk alone employs over 20,000 Indians. Around 200 Danish companies already operate here. This is how you join them.
Egypt
India is among Egypt's largest foreign investors with $3.5-4 billion in cumulative FDI. About 500 Indian companies already operate in Egypt. Now the investment is starting to flow both ways.
Finland
India and Finland just elevated ties to a Strategic Partnership in Digitalization and Sustainability. Nokia is India's top 5G partner. Bilateral trade surged 19% in FY26. Over 100 Finnish companies already operate here. Here is how to set up yours.
France
India and France upgraded ties to a Special Global Strategic Partnership in February 2026. Over 1,100 French companies already operate in India, creating 350,000+ jobs. Bilateral trade more than doubled to EUR 12.67 billion in FY 2024-25. Here is how French entrepreneurs and businesses can set up an Indian entity.
Germany
Germany is India's largest EU trading partner. Bilateral trade hit an all-time high of $33.40 billion in 2024 and 2,500+ Indo-German Chamber members are already doing business across both countries. Here is how German entrepreneurs and Mittelstand firms can set up an Indian subsidiary, step by step.
Hong Kong
Hong Kong has its own DTAA with India, its own legal system, its own currency, and its own tax regime. But for FDI purposes, India treats it as part of China. Press Note 3 applies. Government approval is mandatory. Here is the full picture — including the parts no one else is willing to explain.
Indonesia
India-Indonesia trade reached $28 billion in FY 2024-25. Indonesia joined BRICS in 2024, adding a new layer to an already deep ASEAN-India economic corridor. Here is how Indonesian investors can register an Indian company.
Ireland
Bilateral trade between India and Ireland hit EUR 16 billion in 2023, driven by tech and pharma. Over 65,000 Indians live in Ireland, and the newly established Joint Economic Commission is deepening ties. Here is how to set up your Indian entity properly.
Italian Republic
The EU-India Free Trade Agreement was concluded in January 2026 after 19 years of negotiations. Over 600 Italian companies already operate in India. Bilateral trade crossed $13.8 billion in FY25. Here is how to set up your Indian entity.
Japan
Japan is India's 5th largest foreign investor with $43.28 billion in cumulative FDI. Over 1,439 Japanese companies operate here, backed by a dedicated Japan Plus desk at DPIIT and 12 Japan Industrial Townships. Here is the full process for Japanese businesses setting up in India.
Kenya
India is Kenya's 3rd largest trading partner. Over 200 Indian companies already operate in Kenya. With $3.35 billion in bilateral trade and a revised DTAA offering 10% withholding rates, the India-Kenya business corridor runs deep. Here's how to set up your Indian entity.
Kingdom of Thailand
Bilateral trade between India and Thailand reached $19.07 billion in FY 2024-25. A missing FTS clause in the DTAA gives Thai investors a unique tax advantage. Here is how to set up your Indian company.
Luxembourg
Luxembourg is the world's second-largest investment fund center and India's 16th largest FDI source. Over 250 Indian companies list GDRs on the Luxembourg Stock Exchange. With the India-EU FTA concluded in January 2026, the financial bridge between both countries is getting wider.
Malaysia
India and Malaysia share $19.86 billion in annual trade and a 2.9 million-strong Indian diaspora. From palm oil to semiconductors, here is how Malaysian investors can set up an Indian entity the right way.
Mauritius
Mauritius is the largest cumulative source of FDI into India — USD 180 billion since April 2000. With 66% of Mauritius's population tracing roots to India, the investment corridor runs deep. Here is how to set up an Indian company from Mauritius the right way.
Mexico
Bilateral trade between India and Mexico doubled to $8.98 billion in four years. Indian IT and pharma giants already operate across Mexican cities. Here's how Mexican investors can set up a legal entity in India.
Netherlands
The Netherlands is India's 4th largest FDI source — USD 53.3 billion cumulative — and its 2nd largest EU trading partner. With uniform 10% DTAA rates and a 2025 semiconductor MoU, Dutch-Indian business ties are accelerating. Here is how to register your Indian company from the Netherlands.
New Zealand
India and New Zealand just signed a free trade agreement in December 2025 — the first ever between the two countries. Nearly 300,000 Kiwi Indians are already bridging both economies. Here is how to set up your Indian entity before the competition catches on.
Nigeria
Indian companies have invested $27 billion in Nigeria. With 60,000 Indians in the country and Indian firms employing more Nigerians than any private sector except the government, the business relationship runs deep. Here's how Nigerian investors can set up in India.
Norway
Norway's sovereign wealth fund holds USD 24 billion in Indian equities. Bilateral trade has crossed USD 1.2 billion, and the India-EFTA TEPA is now in force. Around 160 Norwegian companies already operate in India. Here is how to join them.
People's Republic of China
India-China bilateral trade hit a record $155.6 billion in 2025. Chinese companies already dominate 75% of India's smartphone market. But Press Note 3 makes every step harder. Here is exactly what you need to know.
Philippines
Bilateral trade between India and the Philippines crossed $3.5 billion in FY 2023-24. With a 150,000-strong Indian diaspora and the newly upgraded Strategic Partnership, Filipino investors have a clear path to India's market. Here's the full process.
Poland
The EU-India FTA was concluded in January 2026. Poland is Central Europe's largest economy and home to 13 Indian IT companies employing 10,000+ professionals. The two-way investment story is just beginning.
Portugal
India and Portugal share 500 years of history and a growing trade relationship that crossed $1 billion in 2024. With the EU-India FTA now concluded and 34,500 Indians living in Portugal, the bilateral corridor is active and expanding.
Romania
Bilateral trade between India and Romania surged 55x in five years, from $54 million to nearly $3 billion. Indian IT giants already operate from Bucharest and Sibiu. Here is how Romanian investors can set up on the Indian side.
Russian Federation
Bilateral trade between India and Russia hit a record $70.6 billion in 2024. Over 90% of that trade is settled in rupees and rubles. Here is how Russian entrepreneurs and businesses can set up a legal Indian entity.
Saudi Arabia
India's 5th largest trading partner. Home to 2.75 million Indians — the largest NRI population on earth. A 5% dividend withholding rate that is among the lowest India offers anyone. And a USD 100 billion investment commitment signed in April 2025. The Saudi-India corridor is open. Here is how to use it.
Singapore
Singapore sent USD 14.94 billion into India in FY 2024-25 alone, making it the #1 source of foreign direct investment for 7 consecutive years. Here is exactly how Singaporean investors set up an Indian company — from entity selection to RBI compliance.
South Africa
South Africa and India share $19 billion in bilateral trade, a 160-year-old diaspora connection, and membership in both BRICS and IBSA. Over 1.5 million South Africans of Indian origin already bridge both economies. Here is how to set up your Indian entity.
South Korea
Samsung, Hyundai, LG, Kia, POSCO -- Korean companies already run some of India's largest manufacturing operations. Bilateral trade hit $26.89 billion in FY 2024-25. Hyundai's $3.3 billion IPO in October 2024 was the largest in Indian stock market history. If you are a Korean company, investor, or entrepreneur planning to register a business in India, this is your complete guide.
Spain
Bilateral trade hit $9.32 billion in 2024. Nearly 240 Spanish companies already operate in India. With the India-EU FTA concluded in January 2026, the gateway just got wider. Here's how to set up your Indian entity.
Sri Lanka
India is Sri Lanka's largest trading partner. The India-Sri Lanka FTA has driven bilateral trade from $658 million to over $5 billion. And no — Press Note 3 does not apply. Here is the complete registration guide.
State of Israel
Israel and India signed a Bilateral Investment Agreement in September 2025. FTA talks started in February 2026. With 300+ Israeli tech investments already in India, the corridor is only getting wider.
Sweden
Over 280 Swedish companies already operate in India. Bilateral trade reached $6.96 billion in 2024. IKEA, Volvo, Ericsson, and H&M paved the road. The India-EU FTA could double this trade within five years.
Switzerland
With CHF 23.3 billion in bilateral trade, 320+ Swiss companies already operating in India, and the EFTA-India TEPA now active since October 2025 — Switzerland-to-India investment is at an inflection point. But the MFN clause suspension changes the tax math. Here is what you actually need to know.
Turkey
India-Turkey trade reached $10.43 billion in FY 2023-24 with a target to double it. Both G20 members are deepening ties across textiles, pharma, automotive, and metals. Here's how Turkish investors can set up in India.
United Arab Emirates
Bilateral trade crossed the $100 billion mark in FY 2024-25. Over 3.5 million Indians live in the UAE. The CEPA trade agreement has been in force since 2022. Here's how to set up your Indian entity from Dubai, Abu Dhabi, or any emirate.
United Kingdom
India and the UK signed a free trade agreement in July 2025. Bilateral trade stands at GBP 47.4 billion. 1.9 million British Indians already have roots in both countries. Here's how to set up your Indian company properly.
United States of America
The US is India's largest trading partner with $212 billion in bilateral trade. 5.4 million Indian Americans are already bridging both economies. Here's how to set up your Indian entity the right way.
Vietnam
India-Vietnam bilateral trade reached $15.76 billion in FY 2024-25. With 432 active Indian investment projects in Vietnam and a Full Strategic Partnership since 2016, the two-way investment corridor is widening. Here's your complete guide to setting up an Indian entity.
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