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THINGS TO KNOW BEFORE YOU REGISTER- LIAISON OFFICE REGISTRATION IN INIDA

Foreign companies can open a liaison office in India to facilitate and promote the parent company’s business activities and act as a communications channel between the foreign parent company and Indian.The Foreign Exchange Management Act (FEMA) governs the application and approval process for the establishment of a liasion or branch office in India. We at 1Stop.in will provide you the services for registration of Liasion office at reasonable charges.

 
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INTRODUCTION

  • A Liasoning Office can be opened in India only to represent foreign Parent company . It will only carry liasioning activites like collecting market information, doing market survey for knowing market opportunities. It requires prior approval of Reserve Bank of India. It will take 3-4 weeks for getting approval from RBI. Approval can be granted for maximum 3 years and it can be renewed threreafter.acts as a channel of communication between the principal place of business or Head Office of the foreign entity (Parent Company).

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Requirement And Conditions:

  • The name of Indian Liasion office shall be same as parent company.

  • The Liasion office does not have any ownership, it is just extension of the exiting company in the foreign country.

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

  • Suitable for foreign Companies looking to setup a temporary office in India to liaison its existing business with Indian clients

  • The liaison office is not subjected to any taxation in India and its income is also not taxable in India.

  • The foreign parent company whish is planning to set up a Branch office in India shall have a profitable track record during immediately preceding five years in the home country.

  • The liaison office must maintain a QA22C account with the bank. This is a special Bank account that only allows inflows from Outside India. RBI grants permission to repatriate the balance in the Indian bank account to the parent company at the time of closure of the Liaison Office.

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Purpose For Setting Up Liasion Office In India:

To Represent its parent company in India

For the Promotion of export/import to/from India.

Helps in Promotional or Financial collaboration.

Establish a communication channel between the parent company and Indian companies.

List Of Documents Required For Liasion Office Registration in India

  • Two copies of Charter Documents (Memorandum & Articles of association) of the Foreigncompany duly attested by the Indian embassy or notary public in its Home country translated in english language.

  • Certification of Incorporation

    Translated & Duly Notarized and properly authenticated.

  • The Latest audited Balance sheet and annual accounts of parent company duly Translated notarized for past Three years and properly authenticated

  • Name, Address, email ID and telephone number of the authorized person in Home Country.

  • Details of Bankers of the Organization the Country of Origin along with the bank account number

  • Expected funding level for operations in India.

  • Address of the proposed local office, number of persons likely to be employed, number of Foreigners among such employees and address of the head of the Local office, if decided

  • Latest Proof of identity and address of all the Directors

    Properly Certified by Banker in Home Country and duly authenticated

  • Structure of the Organization and its Shareholding pattern

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