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RBI Licence for Liaison Office of Foreign Company RBI Licence for Liaison Office of Foreign Company RBI Licence for Liaison Office of Foreign Company
RBI Licence for Liaison Office of Foreign Company

RBI Licence for Liaison Office of Foreign Company

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Requirement Type Corporate
Mode of Service Offline
Type of Service Contract One-Time
Project Duration 60 Days
Location India
Customization Customized
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3S Business Advisors Private Limited

Vile Parle, Mumbai, Maharashtra
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Product Specification

Requirement Type Corporate
Mode of Service Offline
Type of Service Contract One-Time
Project Duration 60 Days
Location India
Customization Customized
Type of Industry / Business All
Service Charges ON Request
Service Duration 90 Days
Language English
Manufacturer NA
Yellow Maize NA
Client Type Foreign Corporate
Minimum Order Quantity 1 Each

Product Description

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 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 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. Suitability of a Liaison Office The Liaison Office generally acts as a communication channel between the parent company overseas and its present or prospective customers in India. The Liaison Office can also be set up to establish business contacts or gather market intelligence to promote the products or services of the overseas parent company. The Liaison Office cannot undertake any business activity in India nor earn any income in India. At the time of closure of the Liaison Office, RBI grants permission to repatriate the balance in the Indian bank account to the parent company. Since the Liaison Office is not permitted to earn any income, it should not constitute a taxable entity in India. However, the Liaison Office would be required to withhold tax from certain payments and hence is expected to comply with the requisite “tax withholding” obligations under the domestic tax law To open a Liaison office, the parent company has to apply to the Reserve Bank of India and is normally granted permission within 2 to 4 weeks. Liaison office is subjected to few restrictions; some of them that deserve to be well understood are reproduced here : * It cannot carry out any commercial operations in India. * It must maintain a QA22C account with the bank. This is a special account that only allows inflows from abroad. * It can neither borrow, nor lend money * All expenses of the office must be met through inward remittances to the office from abroad (parent company) through the bank. It is not subject to taxation in India. * However, the office must file regular returns to the RBI. Such returns must include Audited Annual accounts and an activity report for the year. The following documents are required for applying to RBI for setting up the Liaison Office in India : 1. Form FNC 1 *– 3 Copies 2. Letter from the Principal officer of the Parent Company to RBI* 3. Letter of Authority from the Parent Company in favour of local representative*. 4. 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. 5. The latest audited Balance Sheet of the Parent Company. * These documents would need to be signed by the Principal Officer of the Company that intends to set up the Liaison Office in India.

Additional Information

Item Code 0001
Delivery Time 30-90 Days
Port Of Dispatch NA
Production Capacity NA
Packaging Details Valid Licence from Reserve Bank of India and Registrar of Companies
Payment Terms T/T (Bank Transfer)
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RBI Licence for Liaison Office of Foreign Company
RBI Licence for Liaison Office of Foreign Company
RBI Licence for Liaison Office of Foreign Company

Company Details


About the Company

Year of Establishment2006
Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Nature of BusinessConsultants
Number of Employees51 to 100 People
Annual TurnoverRs. 2 - 5 Crore
IndiaMART Member SinceFeb 2007
GST27AAKCS2405C1ZP
We are reliable and demanded services providers and foreign investment consultants in India and countries such as UK, Singapore, US and other parts of the globe. Our services comprise of foreign investment, foreign investment structuring, business registration services, business registration, accounts outsourcing, account process outsourcing services and corporate finance services. Capitalizing on the collective experience of our workforce we are able to offer multiple business services to our clients with defined approach. Our chartered accountants with decade old experience in the industry assist foreign companies investing in various industries & sectors, business & entity formation, and allied corporate financing services. Our offices in different Indian cities including Mumbai, Delhi, Ahemdabad, Bangalore, Indore, Pune and Jaipur enable us to offer services in investment and business set up throughout the country. Specific
  • Legal Status: Private Limited Company

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Seller Contact Details

Rakesh Parik

No. 617, C-Wing, No. 215, Atrium, Andheri Kurla Road
Vile Parle
Mumbai - 400093, Maharashtra, India

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