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Questions

Straight
answers.

23 questions, grouped. If yours is not here, ask it on the call — we would rather answer an awkward question early than have it surface after you have paid us.

Section 01

Ownership & eligibility

Can I own a US or UK transport business while living in India?

Yes. Neither country requires a company owner to be resident or physically present, and both routinely register companies with wholly foreign ownership. You can hold 100% of the shares or membership interest and appoint yourself as director or managing member.

Does owning the company give me a visa or the right to work there?

No. This is the most important sentence on the site. Company ownership confers no immigration status of any kind in either country. It does not entitle you to a visa, to residence, or to perform work inside the country. If your objective is relocation rather than investment, this is the wrong product and we will tell you so.

Do I need a local partner or nominee shareholder?

No, and we would not arrange one. Both countries permit full foreign ownership. What you may need — particularly in the UK — is a resident person to hold an operator licence, but that is a licensing requirement, not an ownership one, and it must be a genuine appointment rather than a paper arrangement.

Will my name be public?

In the UK, yes. Beneficial ownership appears on the public register. In the US the position varies by state, and federal beneficial ownership reporting applies. Assume you will be identifiable and plan accordingly.

Section 02

Models & capital

Which model should I start with?

In most cases the rideshare rental fleet in the US, or corporate and contract transport in the UK. Both avoid the hardest licensing gate, and in the rental model the demand risk sits with the platforms rather than with you. We give you a recommendation on the first call, before any fee is quoted.

How much capital do I actually need?

It depends entirely on model and city, which is why we do not publish a single number. Corporate transport is the lightest. A rental fleet is driven by how many vehicles you buy and what insurance costs in that metro. A branded operator is substantially more than either. We build an itemised budget for your specific plan.

Is the ₹25,000 the investment?

No. That is the engagement fee to begin the process — feasibility, city assessment and the proposal. The capital required to actually build and run the business is a separate and much larger number, and it is stated in full in your proposal before you commit to anything further.

Can I start small and scale?

Yes, and we would encourage it. A small fleet or a single corporate account tests your assumptions cheaply. Scaling is a decision made against real numbers after three to six months of trading, not a promise made at the start.

Can I lose money?

Yes. Every venture carries the risk of loss, including total loss of capital. Vehicles depreciate and can be damaged. Clients leave. Insurance costs rise. Licensing can be refused. Anyone presenting this as low risk is not being honest with you.

Section 03

Licensing & compliance

Do I need a taxi licence for the rental fleet model?

In most US cities, no. Renting vehicles to drivers who hold their own rideshare approval is a vehicle rental business rather than a for-hire transport service. The UK position is stricter: the vehicles themselves generally require council licensing even though you are not the operator.

Why can I not hold a UK operator licence from India?

Private hire operator licences in England and Wales are granted by the local council to a person or company judged fit and proper, and the operating base generally has to be within the licensing district. An overseas owner with no UK presence cannot realistically satisfy that. The licence has to sit with a suitable UK-based holder.

Will you guarantee that the licence is granted?

No, and nobody honestly can. Authorities exercise discretion, some cities cap permits, and some are effectively closed to new entrants. We research the position before you spend money, prepare the application properly, and tell you what the realistic odds look like.

What about the US federal filing you keep mentioning?

A foreign-owned single-member US LLC has an annual federal information filing obligation together with a pro-forma corporate return, and it applies even where no tax is payable and the company did not trade. The penalty for missing it is substantial and applies per year. It is on the compliance calendar we hand you.

Section 04

Banking, insurance & money

Can you guarantee a bank account?

No. We prepare a complete, well-evidenced application and lodge it with institutions known to consider foreign-owned entities. The bank makes the decision under its own rules. Any firm guaranteeing you an account is not describing something within its control.

Why is insurance such a big deal?

Commercial for-hire cover is typically the largest recurring cost in a fleet, and it scales with vehicle count rather than vehicle value. That means buying cheaper vehicles usually worsens the ratio of insurance to revenue. We obtain indicative quotes before you purchase anything.

Can I lease the vehicles instead of buying?

Usually not on standard terms. Consumer leases generally exclude commercial and for-hire use, and commercial fleet finance requires local business credit history that a newly formed foreign-owned entity does not have. Expect large deposits, personal guarantees, or outright cash purchase.

How do profits reach me?

As distributions from the company, subject to tax treatment in both the operating country and your country of residence. This is a question for your accountant and we will make sure one is engaged. We do not give tax advice.

Section 05

Working with Akontec

What exactly do you charge?

Three components: a setup fee calculated as a percentage of establishment cost with a stated minimum, a flat monthly management fee for running the business after launch, and a share of net operating profit above an agreed threshold. Asset purchases are excluded from the setup fee base.

Do you take equity in my company?

No. The profit share is a contractual right under a management agreement. We do not appear on your ownership register, we do not dilute you, and we have no claim on a sale of the business.

What if I want to end the relationship?

You keep the company, the licences, the vehicles, the technology accounts, every document and the operating manual. A transition plan is part of the agreement from the start. There is no lock-in mechanism and no clause that makes leaving expensive.

Do you take commission from the providers you introduce?

No. Third-party costs are paid at cost against invoices. If a provider offers a referral fee we tell you and credit it against your fee. That is written into the agreement.

Who is actually doing the work?

Coordination, documentation, applications and the ongoing operations desk are handled by Akontec's team in India. Regulated work — legal, tax, insurance placement, inspections — is performed by licensed professionals in the relevant jurisdiction, engaged directly by you.

What happens on the first call?

Forty-five minutes covering your capital range, your objective, the market and model we would recommend, and the licensing position for that choice. No slide deck and no pressure. If we think it will not work for you, we say so on that call.

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