Services

Foregin Entities

Branch Office

A branch office is a suitable business model for foreign companies looking to establish a temporary presence or want offices in India without registering themselves as companies in India. The branch office serves as an extension of the head office business and carries on the same business and activity as that of its parent company. Establishment of a branch office in India is regulated by the Foreign Exchange Management Act (FEMA) 1999. Companies desirous to open branch office in India are required to apply to the Reserve Bank of India (RBI) in the prescribed format along with associated documents.There are only limited number activices are permitted by RBI to be carried out by Branch office.

As per the RBI Requirement the application for the branch office and BRANCH office is submitted through the Authorized dealer. The authorized dealer means the various institution having banking licenses.

For registration of Branch Office in india we provide following services

1. Application for Digital Signature of Authorised Signatory
2. Filing of Application with RBI through AD Bank
3. Verification of KYC from Banker of Parent Company
4. Approval of RBI for Branch Office Registration in India
5. Registration of Branch Office with the ROC
6. PAN Card, Tax Deduction Number & Bank A/c Opening
7. Obtaining DSC
8. Registration with State Police
9. Post Incorporation Procedural Requirements
10. Annual Compliance Activities required for a Branch Office

Laison office

A Liaison Office (LO) functions as a place in India which represents a foreign company primarily to understand and explore the general business environment, market research for the products of the parent company and to provide and seek information from potential customers or vendors. A liaison office can be set up for representing in India the parent company/group companies, Promoting export/import from/to India, Promoting technical/financial collaborations between parent/group companies and companies in India and to Act as a communication channel between the parent company and Indian companies.

A liaison office of the foreign company can not engage in any commercial activities, and the parent company shall meet all the expenses of the liaison office. A liaison office is a foreign company and Indian government taxes the profits of such entities when it carries out the transactions which amount to commercial activities through a permanent establishment (PE) at higher rates. As of now the tax on the profit of the foreign company is 40% in contrast to the tax rate @ 22% on Indian company. A liaison office is governed byForegin Exchange Management Act (FEMA) 1999, RBI and Companies ACT 2013

AGA can assist you in:

1. Obtaining approval of RBI for Establishment of Liaison office in India.
2. Getting Liaison office registered with Registrar of Companies.
3. Obtaining CIN of Liaison Office
4. Maintenance of Financial books of Accounts of Liaison office.
5. Payroll Processing of Liaison office.
6. Annual Audit of Books of accounts
7. Getting Statutory Compliances done in prescribed timelines.
8. Reporting of Liaison office on annual basis with concerned authorities

Project Office

Foreign Companies who have been awarded a contract to execute a project in India, select the mode of execution of the project, through project offices duly registered with the Reserve Bank of India (RBI) and the Registrar of Companies (ROC). ‘Project Office’ also represents the interests of the foreign company executing a project in India as in the case of Liaison Office with the only difference, that Project Office can undertake commercial activities related to the particular project whereas the liaison office cannot.

oreign company establishing a project office in India is required to be registered with the Registrar of Companies (ROC) and to comply with certain procedural formalities, as prescribed under the Companies Act, 2013 and RBI guidelines.

We arer specialized team handling the matters related to establishment of Project Office in India offers our clients extensive support towards registration with RBI and ROC.

Our scope of services includes: –

1. Registration with the RBI and matters incidental thereto
2. Registration with the Registrar of Companies (ROC) and assisting the clients in related documentation
3. Registration with the Tax authorities
4. Opening of Bank Account
5. Maintenance of Book of Accounts and other statutory records
6. Filing of Annual Activity Certificate (AAC)