#Long branch project office registration#
#Long branch project office license#

Filling of annual activity certificate with RBI.

The net worth as per the latest audited balance sheet is not to be less than or equal to USD 50000.ĪNNUAL ACTIVITY TO BE CARRIED OUT BY LIAISON OFFICE:.

The company looking to start a liaison office in India should have a profitable track record during the immediately preceding 3 yrs.

It promotes technical/financial collaborations between parent companies and companies in India.ĬONDITIONS PRECEDENT FOR SETTING UP LIAISON OFFICE:.

It can promote export/import from/ to India and also facilitate technical/financial collaboration between a parent company and companies in India.

It acts as a channel of communication between the principal place of business or head office and entities in India.

It represents in India the parent company ĪCTIVITIES ALLOWED TO LIAISON OFFICE IN INDIA:.

Its role is limited to collecting information about possible market opportunities and providing information about the company and its products to prospective Indian customers.

All the expenses of the liaison office are met by the head office hence the funds shall be received from the head office account only.

It does not have any ownership it is just an extension of the exiting company in the foreign country.

#Long branch project office license#

The license for the liaison office is given for three years and shall be renewed every 3 years.GENERAL FEATURES OF LIAISON OFFICE/ REPRESENTATIVE OFFICE: Applications under this category are considered by the RBI in consultation with the ministry of finance. Government route - where principal business of the foreign entity falls under the sectors where 100%FDI is not permissible under the automatic route.

RBI route - where principal business of the foreign entity falls under sectors where 100%FDI is permissible under the automatic route.

The applications from such entities will be considered by RBI under two routes: The branch office/liaison office may submit the Annual Activity Certificate (AAC) in the prescribed format as of the end of March 31.įoreign companies can set up their operations in India through:ĮSTABLISHMENT OF LIAISON & PROJECT OFFICES IN INDIA BY FOREIGN ENTITIESĪ body corporate incorporated outside India, desirous of opening a liaison office in India has to obtain permission from the RBI.

Foreign Direct Investment (FDI) in Real Estateįoreign Company can set up their operations in India through liaison office/ representative office or Project Office.

Buying or Selling Property through a General Power of Attorney.

Recovery Proceedings by Banks and Financial Institutions before the Debts Recovery Tribunals.

Assessment and Litigation - Income Tax Controversy.

Post Incorporation, Corporate Compliances & Reporting in India.

#Long branch project office registration#

Registration of Societies for Charitable Purposes in India.

Corporate Insolvency Resolution Procedure.Dispute Resolution (Litigation, Arbitration & Mediation).