1 / 1

Setting up a project office in india

Indiau2019s rapid economic growth makes it a prime destination for global businesses. For foreign companies executing specific contracts without setting up a full subsidiary, establishing a Project Office is one of the most efficient entry routes. Governed by FEMA and RBI, it enables smooth, project-based operations with structured compliance. While regulatory requirements exist, the benefits often outweigh the challenges. SKMC Global supports businesses through the entire process managing approvals, documentation, legal, tax, and compliance ensuring a seamless setup and hassle-free project.

shilpa55
Télécharger la présentation

Setting up a project office in india

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SETTING UP A PROJECT OFFICE IN INDIA Opening a Project Office in India enables foreign companies to execute specific assignments without setting up a full-fledged presence. Governed by FEMA and RBI, this route ensures structured compliance while offering cost-effective entry for limited projects. Professional consultants help navigate legal, tax, and regulatory aspects, making it a pragmatic choice for overseas businesses. ELIGIBILITY FOR ESTABLISHING A PROJECT OFFICE IN INDIA The project is funded through inward remittances from abroad. It is supported by international funding agencies like the World Bank, IMF, or bilateral institutions. The contract is awarded by a public sector undertaking or government agency in India. A term loan has been sanctioned by an Indian bank or financial institution for the project. The setup complies with RBI and FEMA regulations to ensure smooth project execution. PROCEDURE FOR PROJECT OFFICE REGISTRATION IN INDIA Application to AD Bank – The foreign company applies through its Authorized Dealer (AD) Bank with required documents (incorporation certificate, MoA/AoA, audited balance sheet, project contract, and board resolution). Verification by AD Bank – The AD Bank checks eligibility and, if under automatic route, forwards the application to RBI. Approval & Registration – On RBI approval, the Project Office must obtain a Permanent Account Number (PAN) and register with the Registrar of Companies (RoC). Bank Account Opening – A non-interest-bearing current account must be opened in India for project-related transactions. At SKMC Global assists foreign companies in seamlessly setting up Project Offices in India by managing RBI/AD Bank approvals, documentation, and compliance. We ensure smooth execution of projects with complete legal, tax, and regulatory support. +91 989-125-5499 info@skmcglobal.com www.skmcglobal.com

More Related