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Business Start-Up Services in India

Setting up a business in India has been liberalised over the years, still it requires company formation, approvals if required, legal compliances and registration with various authorities. We provide our clients Business Setup Solution based on “turnkey” methodology which takes care of approvals, legal compliances, registrations with authorities etc. to provide a ready to operate business setup in shortest possible time frame.

We give advice on Company Registration in India and provide the complete solution for Company Formation in India, Private limited Company Formation and Company Incorporation in India. Business can be setup in India in three types like Formation of liaison office, Formation of Project office and Formation of Branch office.


Foreign Branch Office Services

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Service Details:
MethodsAs per Requirement of Client
Types Of InvestsorAs per Requirement of Client
Types Of Individual InvestorAs per Requirement of Client
Type Of CompnayAs per Requirement of Client
Type Of Foreign Institutional InvestorsAs per Requirement of Client
SectorsANY

What is Foreign Branch Office India

A Foreign Branch Office is really a 100 % functional branch of the parent company in India. It may carry out any business activity within India as permitted by Reserve Bank of India, except manufacture of items.An International Branch Office is responsible to pay income tax on any income produced through its operations in India.

Activities Permitted
  • Export / import of goods
  • Rendering skilled or consultancy assistance
  • Performing searching, where the parent company is involved.
  • Advertising and marketing specialized or monetary partnerships in between Indian companies and parent or international group company.
  • Addressing the parent company in India and acting as buying/selling brokers in India.
  • Rendering products and services in I . T . and growth of software in India.
  • Manifesting technical support to the items supplied by the parent/ group companies.
  • Foreign airline/shipping company.

Any sort of manufacturing activities can't be carried out by branch office whereas on the other hand they may subcontract this to Indian manufacturer. Branch Offices founded with the permission of RBI, may remit outside India earnings from the branch, net of applied Indian taxes and subject to RBI rules of thumb. RBI (Reserve Bank Of India) is responsible for approving permission to setup branch offices.

Various other Conditions

No other trading,commercial or professional activities, than those permitted by RBI can be undertaken by branch office.
The entire expenditure of the branch office in India might be achieved either out from the resources obtained by it from out of the country by way of standard banking channels or by earnings generated by it within India

The branch office can not accept any sort of deposits in India

In case a branch office generates any kind of commission, for any agency business outside India coming from parties overseas has to be repatriated to India via normal banking channels

Procedure with regard to Establishing Branch Office in India

For setting up Foreign Branch Office in India and application needs to be made to the RBI in Form FNC-1. Theapplication must include the following facts :-

  • Operating background of the organization around the world
  • Proposed interests and activities in India
  • Reasons behind planning to open up a branch office and
  • Any kind of foreign country significance regarding opening of branch office.

Branch Office on "Stand Alone Basis"

Such Branch Offices could well be isolated and limited to the Special Economic zone (SEZ) on it's own and no business activity / exchange will be permitted outside the SEZs in India, that include branches/subsidiaries of its parent office in India.

No consent will be necessary from RBI for a company to register a branch/unit in SEZs to undertake manufacturing and support activities governed by specific conditions.

For any information / query regarding our Foreign Branch Office Setup Services feel free to Contact Us.

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Start Up Services

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Start Up Services
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Starting Up Services
Assistance in identifying the right business structure
Obtaining Business licenses
Incorporation filings
Setting up Policies and Procedures

Operational Services
Book Keeping & Accountancy Services
GST Compliances
TDS Compliances
Preparation and Filing of Income Tax Return
Payroll Services

Growth Services
Pricing
Cash flow analysis
Audit support and preparation
Financial forecasting
Budget creation
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Foreign Liaison Office

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Service Details:
Type of Service ProviderConsulting Firm
Requirement TypeCorporate
Type of Service ContractRetainer Based

Foreign Liaison Office - On Overview

If you are looking foropening a representative office in Indiafor representing your organisation in India orfor marketing and liaison purposesthenForeign Liaison Office is the best suitedfor your organisation. The mainbenefit of liaison / representative officeis that it isnot liable to any taxes in Indiaas it is not undertaking any business activity in India. Itsscope of workis limited toliaison and marketingfor parent company. It is however required to deduct tax at source wherever applicable.

Activities Permitted for Foreign Liaison Office

It is subject to various restrictions and can onlyconduct activities permittedby the Reserve Bank of India at the time of granting permission for opening liaison office or if permitted later. Itcan only undertake the following activities in India.

  • Representing the Parent Company in India
  • Promoting/ Liaison for Export out of India
  • Promoting/ Liaison for Import into India
  • Representing Parent company for felicitating technical / financial collaboration between parent company and Indian company
  • Acting as a communication channel between Parent Company and Indian Companies

Itcannot undertake any activitiesother than the activities mentioned above subject to the permission of Reserve Bank of India. Some of theactivities that a Liaison Office cannot undertake in Indiaare given below. This list is not exhaustive and only illustrates some of theactivities that a Liaison Office cannot undertake in India.

  • Undertaking Manufacturing Activities
  • Trading Activity
  • Import of Goods
  • Export of Goods
  • Entering into contract on behalf of Parent Company
  • Providing quotations on behalf of Parent Company
Other Features of Foreign Liaison Office
  • A Foreign Liaison Office is not subject to Indian Taxes (except as mentioned above)
  • A Foreign Liaison Office cannot undertaken any Commercial / Business Activities in India
  • Parent Company is required to bear all the expenses of the Liaison Office
  • A Liaison Office can neither borrow nor lend money
  • Foreign Liaison Office is now required to file annual return with Income Tax Office but is not subject to payment of any Income Tax
Foreign Liaison Office Setup Procedure

A Foreign Liaison Office is a special business setup mode which can be setup only with prior permission of Reserve Bank of India (RBI). RBI looks at various factors before granting permission to any company to setup liaison office in India which include (but are not limited to) background of the parent company, background of the directors, country of incorporation of parent company, proposed activities of liaison office etc.

An application for registration of foreign liaison office is required to be made in Form FNC-1 along with the following documents

  1. Form FNC-1 in Triplicate
  2. Letter from the Principal officer of the Parent Company to RBI
  3. Letter of Authority from the Parent Company in favour of local representative.
  4. Two copies of the English version of the Memorandum and Articles of Association (Charter Documents) of the Parent Company attested by Indian Embassy/Notary Public in the country of registration.
  5. The latest audited Balance Sheet of the Parent Company.

RBI may ask for any further documents as may be necessary in addition to these documents.

For any information / query regarding our Business Setup Services feel free to contact us.

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Anuj Mittal & Co.
Anuj Kumar Mittal (Proprietor)
C-46, 2nd Floor, Sector 10 ,
Noida - 201301, Uttar Pradesh, India
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