LIAISON / BRANCH OFFICE IN INDIA
- Approval for establishing liaison / branch office
- Availing DSC for authorised person
- Registration of liaison / branch office
- PAN, TAN
- Post incorporation support
- Consultation on elgibility to form liaison / branch office in India
- Guidance on permitted business activities for liaison / branch office in India
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Free consultation on elgibility to form
liaison / branch office in India
and guidance on permitted business activities for liaison / branch office
Easy establishment of Branch / Liaison Office in India for Foreign Companies
Foreign Companies are allowed to incorporate Liaison Office, Branch Office or Project Office in India subject to fulfillment of necessary criterias. Further, establishment of Liaison office, Branch Office or Site Office requires specific approval of Reserve Bank of India (RBI).
A Liaison Office (also known as Representative Office) works as a representative of its Parent Entity, whereby the latter remits necessary amount towards maintenance of the office. A Liaison Office can act as a channel of communication between its Head Office and customers in India. However, it cannot undertake any other kind of commercial or trading activity in India.
A Branch Office can carry out certain prescribed business activities like import / export, consultancy services, research work, etc. on behalf of its Parent Entity. However, it cannot carry out manufacturing activity in India.
How to register a Liaison Office / Branch Office in India?
Below is procedural requirements for setting up Liaison Office / Branch Office in India:
Filing Form FNC alongwith necessary documents
Getting approval for setting up liaison / branch office
Appointing atleast one authorised person being resident of India
Availing Digital Signature Certificate (DSC) of the authorised person
Paying of stamp duty for registration
Filing Form FC-1 for registration of foreign company with Registrar of Companies (ROC)
Availing of Permanent Account Number (PAN) and Tax Deduction / Collection Account Number (TAN) for income tax compliance
What are the annual compliances required for a Liaison Office / Branch Office in India?
Below is list of annual / periodical compliances required for a Liaison Office / Branch Office in India:
Preparing annual financial statements
Statutory audit report from a Chartered Accountant
Tax audit report from a Chartered Accountant (if applicable)
Filing annual compliance report
Filing annual income tax return (ITR)
Filing quarterly Tax Deduction or Collection at Source (TDS / TCS) return (if applicable)
Filing monthly / quarterly VAT return (if applicable)
Filing monthly / quarterly Excise return (if applicable)
Filing service tax return (if applicable)