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HOW TO FORM A LIASION OFFICE IN INDIA?

Posted By admin on December 25, 2013 No Comments

Setting up  a Liaison office in India (most popularly known as LO) by companies working outside India have to get approval from Reserve Bank of India

Following Benefits are there for setting up Liasion office in India

  1.  Establishing Legal Entity in India while keeping their Financial , Legal and administrative commitment Low
  2. TO Facilitate and promote Parent Company business Activity
  3. TO Act as communication channel between Foreign Companies and Indian Companies

 

Permitted Activities for Liasion office in India

  • Improve  communication between the Parent Companies  and parties in India to establish market opportunities and Market Research;
  • Promote Import and Export between both countries
  • Represent the Parent Company in India

Documents required to form liasion office:

  • Letter from the Principal officer of the Parent Company to RBI
  • The latest audited Balance Sheet of the Parent Company.
  • Letter of Authority from the Parent Company in favour of local representative.
  • English version of the certificate of incorporation
  • Two copies of the English version of the Memorandum and Articles of Association (Charter Documents) of the Parent Company attested by Indian Embassy/Notary Public in the country of registration.

Time to form the liasion office- Normally 30 working days are required after completion of documents to obtain approval.

We are helping foreign companies to set up liasion office in India for last 25 years

In case you need any further information

 

Whatsapp No/Phone  at 9818092002
Email : ceo@taxworld.in

 

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