Foreign company
This query is : Resolved
14 September 2020
Can a newly established foreign company open a liasion office in india.
14 September 2020
Yes, Foreign companies can open a liaison office in India for promoting and facilitating the foreign company business activities and can act as best communication channel. With the liaison office, the foreign company will get help in entering into Indian market and exploring and studying the Indian market situation for their business growth. Foreign corporations are permitted to open liaison/representative offices in India (subject to obtaining specific approval from the RBI), to undertake liaison activities on their behalf. These offices act as a communication channel between the Head Office of foreign corporations and parties in India.
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14 September 2020
Can a newly form foreign company open a liasion office even if it doesnt have a 3 year profit track record
14 September 2020
The Foreign entity before opening a liaison office must qualify the following conditions:
Must have generated profits from operations in the home country in previous three years.
Must have net worth as required by RBI in the latest audited balance sheet
Must have generated profits from operations in the home country in previous three years.
Must have net worth as required by RBI in the latest audited balance sheet
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