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The applicant parent company must show a track record of profit during the immediately preceding three financial years in the home country. Net worth should be greater than or equal to US$50,000 or its equivalent. Temporary setup that is essentially a branch office established by the foreign parent company for the limited purpose of executing a specific project.įoreign companies can set up WOS in form of private limited companies in sectors where 100% FDI is permittedĪ wholly owned subsidiary, such as private limited company, is treated as a domestic company under India’s Income Tax Law and is eligible for all exemptions, deductions, and benefits as applicable to any other Indian company. Not a separate legal entity from the parent company. Requirements to conduct mandatory Board MeetingsĬomparison of entity types in India: Set up requirements, pros, cons, and moreĬomparing Types of Corporate Entities in Indiaįacilitates networking efforts between the foreign parent company and business parties in India.Mandatory to have an Indian Resident Director.Effective tax rate of 25.17% for domestic companies and 17.16% for new manufacturing companies established after October 1, 2019.Fewer restrictions on scope of activities.Foreign companies can set up WOS in form of private limited companies in sectors where 100% FDI is permitted.Mandatory to have one designated partner who is an Indian resident.FDI is permitted under the automatic route in LLPs operating in sectors/ activities where 100% FDI is allowed through the automatic route and there are no FDI-linked performance conditions.No minimum capital requirement conditions.Liability of Partners is limited to the extent of their contribution in LLP.LLPs are governed by the Limited Liability Partnership Act, 2008.LLP is a hybrid of a partnership firm and a company.Exists only as long as duration of contract.Suitable for executing a specific project such as one time turnkey or installation projects.In case of no contract, prior approval from the RBI is required.PO can be established if a foreign company receives a contract from an Indian company.Manufacturing is permitted if subcontracted to an Indian manufacturer.Not permitted to engage in retail trading or processing activities.Fewer compliances compared to a wholly owned subsidiary.Permitted scope of business activities broader than liaison office.

#PROJECT OFFICE RBI PROFESSIONAL#

Allowed to conduct same business as parent company including import and export of goods, consultancy and professional services, among others.

Has to sustain itself through private remittances from the parent company.

Permission to set an LO is initially granted for a period of 3 years and this may be later reviewed for extension.

LO can only act as a communication channel.Fewer on-going formalities as compared to other business entities.Beneficial for foreign investors to test the waters.Used for networking, exploring market opportunities, and promoting parent company’s business activities.

Liaison Office (LO or Representative Office)

Foreign Company (Liaison Office, Branch office, and Project Office).

Indian Company (Wholly owned subsidiary or Joint Venture).

Modes of incorporation available to a foreign investor to set up business are: Overall, Project Report Online provides an easy, efficient, and reliable solution for creating project reports that can help you secure funding and make informed business decisions.Download publications An Introduction to Doing Business in India 2023 Comparison of key market entry options Our platform also offers expert support to help you navigate any questions or concerns you may have during the process.

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Once you have completed your project report online, you can choose to file it with various government agencies or download it for your own use.

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Our software will automatically generate a project report that is customized to your specific business. You can then enter your basic business details, and other relevant information into our intuitive interface. To use project report online service, simply sign up for an account on our website and choose the project report type that fits your business needs. Our software uses AI algorithms to automatically adjust figures according to standard accounting and banking guidelines, ensuring accurate financial projections. Project Report Online is a cloud-based platform that allows users to create comprehensive project reports online for their businesses. What is Project Report Online and how does it work?

Project office rbi