Pheonix focuses on highly specialized services for international companies with interest in India. It offers to its international clients a turn-key single-window cost-effective package of all services that they may need.
Pheonix recently advised a European FMCG multinational with an Indian subsidiary on the indirect tax aspects of the second manufacturing facility that it proposes to set up in India. Our study identified avenues to reduce the burden of indirect taxes on the construction contract by appx Euro 1 million. The contractor accepted the recommendation and lowered his quote accordingly.
They recently advised a European company to support its newly-formed Indian subsidiary through various means of funding – both cash and non-cash – other than straight equity. Since equity is a near-permanent infusion, other solutions were provided for short-term funding needs of the subsidiary.