AS A FOREIGN COMPANY
Foreign Companies can set up their operations in India through:
Liaison Office/Representative Office.
Project Office.
Branch Office.
Such offices can undertake any acceptable activities. Companies have to register themselves with Registrar of Companies (ROC) within 30 days of setting up a place of business in India.
Liaison Office/ Representative Office
Liaison office operates as a channel of communication between the principal place of business or head office and entities in India. Liaison office cannot assume any commercial activity directly or indirectly and cannot, therefore, earn any income in India. Its role is restricted to collecting information about possible market opportunities and providing information about the company and its products to potential Indian customers. It can encourage export/import from/to India and also facilitate technical/financial collaboration between parent company and companies in India.
Approval for establishing a liaison office in India is granted by Reserve Bank of India (RBI).
Project Office
Foreign Companies planning to execute specific projects in India can set up temporary project/site offices in India. RBI has now granted general permission to foreign entities to establish Project Offices subject to specified conditions. Such offices cannot undertake or carry on any activity other than the activity relating and incidental to execution of the project. Project Offices may remit outside India the surplus of the project on its completion, general permission for which has been granted by the RBI.
Branch Office
Foreign companies engaged in manufacturing and trading activities abroad are allowed to set up Branch Offices in India for the following purposes:
Carrying out research work, in which the parent company is engaged.
depiction professional or consultancy services.
Export/Import of goods.
Foreign airline/shipping Company.
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