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Branch Office Registration in India

BRANCH OFFICE REGISTRATION IN INDIA.

Posted By admin on December 24, 2013 No Comments

BRANCH OFFICE REGISTRATION IN INDIA 

Branch Office Registration in India-

is an office that serves a certain geographic or demographic area to expand the access of customer services and other services available to beyond the home office.

Foreign Companies wishes to expand business in India consider seriously opening Branch Office in India . Foreign Companies must ensure that they must comply with the eligibility Norms set by Foreign Exchange guidelines regarding profit and capital requirement.

In case foreign company is not able to meet capital and profit requirement, they can consider to open Subsidiary Company in India subject to Foreign Direct Investment guidelines in India.

Foreign Companies are allowed to carried out only specified activity as mentioned in this article.

Branch Office Registration in India

KEY SIX FEATURES OF BRANCH OFFICE REGISTRATION IN INDIA :

ü The name of Indian BRANCH office shall be same as parent company.

ü The governing body for the BRANCH office License is Reserve Bank of India.

ü It is suitable for foreign Companies looking to setup a temporary office in India and not interested or not planning to have long term plans for the Indian operations.

ü The BRANCH office does not have any ownership; it is just extension of the exiting company in the foreign country.

ü All the expenses of the BRANCH office are met by the head office, if it does not have the revenue from Indian operations.

CALL NOW: 9818092002

ELIGIBILITY GUIDELINES FOR SETTING UP A BRANCH OFFICE REGISTRATION IN INDIA :

    • The company looking to start a Branch office in India shall have a profitable track record during immediately preceding five years in the home country.
    • The Net Worth i.e total of paid-up capital and free reserves, less intangible assets as per the latest Audited Balance Sheet or Account Statement certified by a Certified Public Accountant or any Registered Accounts Practitioner by whatever name shall be not less than or equal to.

1,00,000/- .

EIGHT ACTIVITIES ARE PERMITTED TO BRANC OFFICE TO UNDERTAKE:

      • 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 agent in India.
      • Rendering services in Information Technology and development of software in India.
      • Rendering technical support to the products supplied by parent/group companies.
      • Foreign Airline/shipping Company.

PROCEDURE FOR SETTING UP A BRANCH OFFICE IN INDIA:

      • Branch office can be set up in India only with the prior approval of RBI.

TIME FRAME TO OPEN A BRANCH OFFICE REGISTRATION IN INDIA :

    • Our team assist the foreign companies to open branch office in India in 3-4 months.
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