Affluence Advisory
Quick Summary
A company incorporated outside India have an option to have an office in India by way of a branch office (BO), a liaison office (LO) and a project office (PO). These offices can be set up in India subject to fulfillment of certain conditions and within the framework of the Reserve Bank of India.
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FAQ :
Foreign companies can set up a Branch Office (BO), a Liaison Office (LO), or a Project Office (PO) in India.
A Liaison Office (LO) acts as a communication channel to promote or facilitate the business of the parent company in India.
No, retail trading activities of any nature are not allowed for a Branch Office (BO) in India.
A Project Office (PO) can be established when a foreign company has been awarded a contract to execute a project in India from an Indian company.
A Branch Office (BO) requires a profit-making track record in the home country for the last five financial years and a net worth of at least USD 100,000.
Yes, depending on the sector and the country of origin, applications may require government approval or prior approval from the Reserve Bank of India.
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