Branch Office Formation
Branch Office allows foreign company to conduct business on full-fledged basis, only upon obtaining prior approval of Reserve Bank of India. However, the BO is not considered as the separate legal entity and would be registered in the name of the foreign entity only by complying with the applicable foreign exchange laws and such other laws for the time being in force. It must be noted that no direct manufacturing activity can be conducted, but may be sub-contracted to Indian manufacturer.
For setting up a BO, the applicant foreign company should be engaged in manufacturing or trading activities with profit in the immediate preceding five financial years and should have a net worth of not less than USD 100,000 in its home country.
We at AcuCorp ensure to undertake your comprehensive filing requirements and obtain necessary approvals from the Reserve Bank of India and Registrar of Companies. We aim to complete the process within 45-60 working days post obtaining necessary details from our clients.
Time Limit for opening BO
To be noted: