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| Liaison office setup |
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A Liaison Office is in the nature of a representative office set up
primarily to explore and understand the business and investment climate.
A Liaison office setup is not permitted to undertake any commercial /
trading / industrial activity, directly or indirectly, and is required
to maintain itself out of inward remittances received from parent
company through normal banking channels. The Liaison office setup is
permitted to undertake following activities only:
- Representing the parent Company in India
- Promoting export/ import from/ to India
- Promoting technical / financial collaborations between the
parent companies and companies in India
- Acting as a communication channel between the parent company and
Indian companies
- Any foreign company intending to open a Liaison Office in India
is required to obtain prior approval from the RBI, the apex bank in
India. Approval is usually granted for one to three years and can be
renewed on expiry thereof.
Branch office setup in India
Foreign companies engaged in manufacturing and trading activities abroad
are allowed to lay down Branch office setup in India for the following
purposes:
Export/Import of goods
Rendering professional or consultancy services
Carrying out research work, in which the parent company is engaged.
Promoting technical or financial collaborations between Indian companies
and parent or overseas group company.
Representing the parent company in India and acting as buying/selling
agents in India.
Rendering services in Information Technology and development of software
in India.
Rendering technical support to the products supplied by the parent/
group companies.
Foreign airline/shipping company
Foreign Banks
A branch office is not allowed to carry out manufacturing activities on
its own but is permitted to subcontract these to an Indian manufacturer.
Branch Office setups established with the approval of RBI, may remit
outside India profit of the branch, net of applicable Indian taxes and
subject to RBI guidelines Permission for setting up branch offices is
granted by the Reserve Bank of India (RBI). |
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With its comprehensive set of retouching,
painting, drawing, and Web tools,
(Fri 31 Jan)
With its comprehensive set of retouching, painting, drawing,
and Web tools,
(Fri 31 Jan) |
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