As part of their global expansion, DeltaForge initially explored setting up a U.S. entity through direct ownership with the founders. The founders leaned towards this approach after enquiring with their sources from CAs to Company Secretaries to Banks and other trusted sources.
However, after further diligence and conversations with Commenda, it became clear that for Indian entities to invest abroad, the RBI’s Overseas Direct Investment (ODI) framework must be followed. ODI governs how Indian companies can legally own and fund foreign subsidiaries, and ignoring it can result in blocked capital and regulatory issues.
To ensure long-term compliance and operational ease, DeltaForge decided to realign their structure in line with RBI guidelines.
DeltaForge engaged Commenda to guide them through a compliant end-to-end setup. With deep expertise in cross-border compliance and Indian outbound investment, Commenda offered a clear and efficient path forward:
- Explained the Commenda Protocol for setting up their ODI-compliant U.S. entity
- Structured the U.S. subsidiary with the Indian LLP as the shareholder and facilitated the share purchase
- Provided hands-on support across RBI filings, valuation certificates, and bank coordination
Commenda’s LLP-ODI-C Corporation solution brings structure and transparency to a process that’s often opaque and fragmented. Through a guided dashboard experience, DeltaForge had full visibility into:
- The documents required at each step
- The timeline for each RBI approval and filing
- Roles and responsibilities for all parties involved, from bankers to accountants.
With Commenda’s support, DeltaForge was able to move ahead with their U.S. expansion confidently—compliantly, transparently, and with the right structure in place from day one.