Is it easy to set up a foreign entity in india? (corp,etc)

[cellis]

http://en.wikipedia.org/wiki/L-1_visa

[Keios]

I don't understand the relevance of your link???

[cellis → Keios]

I have a friend in india that needs a visa. So I browsed around and found out about L-1. Basically, its a visa available to people working for multinationals. Legally, a multinational just has a corporation status in 2 countries (US and India in our case ). So I need to know if its possible to start a "paper" corp over there

[Keios → cellis]

Sure, you can - its takes a little while but it is fairly easy.

[cellis → Keios]

whats the cost ? I know tata consultancy (basically an engineer importer) is exploiting this L1 (sshh, don't let the general populace know that people smarter than them are taking their jobs) loophole to great success!