Foreign corporations/entities are permitted to
open liaison offices/representative offices in India (subject
to obtaining specific approval from RBI) for undertaking liaison
activities on their behalf. Liaison office cannot directly or
indirectly undertake any trading, commercial or manufacturing
activity and therefore, cannot earn any income in India. Its role
is limited to representing the parent company/group companies
in India, promoting export/import from/to India, promoting collaborations
between parent company and companies in India and collecting information
about possible market opportunities and providing information
about the company and its products to prospective Indian customers.
No fees, commission or remuneration can be charged by the Indian
liaison office and all expenses of the liaison office should be
met entirely by remittances from abroad through normal banking
channels. The setting up of a liaison office in India is subject
to such conditions as may be stipulated in the permission granted
by RBI. The liaison office is required to be registered with the
registrar of companies. The liaison office is required to submit
an auditors' certificate annually to RBI.
Our India Operations Team comprises of professionals
who have wide and extensive experience in structuring India entry
strategy for many corporates and in advising and assisting on
various matters in connection therewith. We also have with us
specialized marketing and technical professionals who can devote
their full time and energy to act as your representative in India
to promote your business interests in India. Our range of services
includes :
Advising on/formulating the entry strategy for India
Obtainment of approval from the Reserve Bank of India
Advising on the various compliance procedures under relevant
laws, rules and regulations including industry specific legal
issues
Acting as representative office of a foreign entity to in india to promoie its business development and interests in India
Maintenance of all accounting and other records pertaining
to the liaison office