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.
|Methods||As per Requirement of Client|
|Types Of Investsor||As per Requirement of Client|
|Types Of Individual Investor||As per Requirement of Client|
|Type Of Compnay||As per Requirement of Client|
|Type Of Foreign Institutional Investors||As per Requirement of Client|
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
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 channelsProcedure 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 :-
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.
Starting Up Services
|Type of Service Provider||Consulting Firm|
|Type of Service Contract||Retainer Based|
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.
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.
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
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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