For the foreign companies which are willing to work full fledge but without investing directly have this option next to Wholly Owned Subsidiaries. Like subsidiaries, branch office can engage itself in trade, providing services etc. but not manufacturing which is a restriction by RBI. But such companies can outsource such manufacturing work to Indian entities. Branch Research work in which the parent company is engaged A branch office can not be engaged in manufacturing on its own but can subcontract these to an Indian manufacturer. Branch Offices established with the approval of RBI, may remit outside India profit of the branch, net of applicable Indian taxes and subject to RBI guidelines Permission for setting up branch offices is granted by the Reserve Bank of India (RBI).

How we help you in this:

• Base liaison with banks/branches and advising the best suited one
• Preparing base application for permission from RBI
• Scrutinizing the documents that are required to be submitted with the application
• Tracking the application movement with RBI
• Counseling with RBI on queries raised
• Obtaining approval from RBI
• Registering place of business with MCA (Ministry of Corporate Affairs)
• Obtaining PAN and TAN for the entity
• Assisting in opening bank account and other formalities

Once the registration is done, you can start your business. To further help you, we also provide a monthly package accounting system designed especially for small and medium sized business at very compelling prices and facilitating a designated contact person and monthly visits and reporting. This enables you cut the cost since separate full time accountants are not required to be hired and also the compliances and reports are updated for a bird’s eye glance.