Entry options for Business in India

To do business in India, following options are available to foreign companies: Setting up a non-corporate entity Liaison office: A liaison or a representative office can be opened in India subject to approval by Reserve Bank of India. Such an office can undertake liaison activities on its company’s behalf. A liaison office can also undertake: Representing parent/group companies in India Promoting import/export in India Promoting technical/financial collaborations on parent company/group’s behalf Coordinating communications between parent/group companies and Indian companies Branch Office: Foreign companies can conduct their business in India through its branch office which can be opened after obtaining a specific approval from Reserve Bank of India. A branch office can undertake following activities: Import & export of goods Rendering professional or consultancy services Carrying out research work in area which its parent company is engaged Promoting technical/financial collaborations on behalf of parent company/ overseas group company Representing parent/group companies in India and acting as buying/selling agent in India Providing IT services and developing software in India Providing technical support for products supplied by parent company/group Project office: If a foreign company is engaged by an Indian company to execute a project in India, it may set up a project office without obtaining approval from Reserve Bank of India subject to prescribed reporting compliances. As applicable in case of a branch office, a project office is treated as an...

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