21st Century Law Firm

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Any foreign company incorporated outside India and engaged in Branch Office Model. For a minimum of 5 years, are allowed to set up branch offices in India with a specific approval from the reserve bank of India. Such branch offices are allowed to be the representative offices in India, of the parent / group foreign companies. Normally, the branch office is allowed to do the same activities in India, in which the parent company is originally engaged in its origin country. As per the rules, a branch office is not allowed to carry out any manufacturing or processing activities in India directly or indirectly. Profits earned by branch offices are freely repairable from India, subject to payment of applicable taxes. To start a branch office in India, the parent foreign company must have a profit making financial record for a minimum of last 5 years, in its parent country. The foreign company must have a total paid up capital of USD 1,00,000 for starting of a branch office. From the date of filing of all papers the entire process of getting clearance for a branch office can be completed in just 10 days.