Common Questions
Most Popular Questions
A Project Office is a temporary establishment set up by a foreign company to execute a specific project in India. It acts as a liaison between the foreign company and its project stakeholders in India.
Any foreign company undertaking a specific project in India, funded by inward remittances from abroad, can register a Project Office with the Reserve Bank of India (RBI).
Key requirements include approval from the RBI, submission of project details, appointment of a local representative, and compliance with Indian tax and regulatory laws.
Project Offices can be established for specific projects in sectors such as construction, engineering, consultancy, and research, subject to approval from the RBI.
Project Offices must adhere to RBI guidelines, maintain proper accounting records, file annual returns, and comply with Indian tax laws.
Branch offices must comply with Indian laws and regulations, and their activities are restricted to the scope of their registration.
Yes, processing fees are applicable for both RBI and ROC filings.
The validity period is typically linked to the duration of the project, as specified in the project approval letter issued by the RBI.
No, a Project Office can only engage in activities related to the specific project for which it was established, as approved by the RBI.
No, a Project Office cannot be converted into another type of business entity. It is meant to be a temporary establishment for project-specific activities.
The registration process for a Project Office usually takes around 2 to 3 months, subject to approval from the RBI and timely submission of required documents.
Company Avenue Advisory offers expert guidance and support throughout the Project Office registration process, including RBI approvals, documentation, compliance, and liaison with regulatory authorities.
The branch office must comply with ongoing reporting requirements and tax obligations in India.
