Liaison office
If you are a foreign company looking to establish a presence in India, you may consider setting up a liaison office (LO) in India. A LIAISON OFFICE is a representative office of a foreign company that can carry out certain activities in India, such as export/import of goods, rendering professional or consultancy services, promoting technical or financial collaborations, etc. A LIAISON OFFICE cannot engage in any commercial activities and the role of the LIAISON OFFICE is limited to representing the parent company in India, collecting and providing information to the parent company about market opportunities, source of supply, information of products of the parent company to Indian customers or vice versa to its vendors. All the expenses for these LIAISON OFFICEs shall be remitted by its head office abroad.
We can help you with the entire process of LIAISON OFFICE registration in India, from obtaining the approval from the Reserve Bank of India (RBI) to registering it with the Registrar of Companies (ROC). We also provide post-registration services such as PAN and TAN registration, GST registration, bank account opening, and trademark registration. Here are some of the features and advantages of our LIAISON OFFICE registration support services:
Expert Guidance: We have a team of experienced professionals who can guide you through the legal and regulatory aspects of LIAISON OFFICE registration in India. We can help you prepare and file the application form and the required documents with the RBI through a designated AD Category-I bank. We can also advise you on the best location and structure for your LIAISON OFFICE in India.
Fast and Hassle-free Process: We can ensure that your LIAISON OFFICE registration is completed in a timely and hassle-free manner. We can handle all the communication and coordination with the RBI and the AD Category-I bank on your behalf. We can also assist you in obtaining the certificate of establishment of place of business in India from the ROC.
Affordable and Transparent Pricing: We offer our LIAISON OFFICE registration support services at a competitive and affordable price. We have no hidden charges or fees. We provide you with a clear and detailed quotation of our service charges and the government fees before starting the work.
Post-Registration Support: We do not stop at LIAISON OFFICE registration. We also provide you with post-registration support services such as PAN and TAN registration, GST registration, bank account opening, and trademark registration. We can help you comply with the tax and regulatory requirements of your LIAISON OFFICE in India.
Contact us today and get your LIAISON OFFICE registered in India in no time!
Comparison of Branch Office and Liaison Office for Foreign Company
- A branch office is an extension of the foreign company in India and can carry out the same or similar activities as the parent company, such as trading, manufacturing, consulting, etc. A liaison office is a representative office of a foreign company in India and can only act as a communication channel between the parent company and the Indian entities, such as customers, suppliers, etc.
- A branch office can earn income from its operations in India and remit the profit or surplus to the parent company after paying the applicable taxes. A liaison office cannot earn any income from its activities in India and has to meet its expenses from the funds received from the parent company.
- A branch office requires a minimum net worth of USD 100,000 or its equivalent to start its operations in India and has to maintain a profit-making track record for the preceding five financial years in the home country. A liaison office requires a minimum net worth of USD 50,000 or its equivalent to start its operations in India and has to maintain a profit-making track record for the preceding three financial years in the home country.
- A branch office has to register under the Companies Act, 2013 and comply with various statutory and financial disclosures and audits. A liaison office does not have to register under the Companies Act, 2013 and has to submit only an annual activity certificate to the RBI and the income tax authorities.
- A branch office has a validity period of five years, which can be extended by the RBI upon submission of the required documents and fee. A liaison office has a validity period of three years, which can be extended by the RBI upon submission of the required documents and fee.
If you need any professional assistance or guidance for obtaining the RBI approval and the necessary registrations and compliances for your branch office or liaison office in India, you can contact Bass Biz, a leading business consulting firm that provides end-to-end solutions for foreign companies in India. Bass Biz has a team of experienced and qualified professionals who can help you with the following services:
- Bass Biz can help you choose the right type of office that suits your business objectives and preferences and guide you through the eligibility criteria and fee structure of the RBI approval.
- Bass Biz can help you prepare and submit the online and offline application form and the required documents for the RBI approval and ensure that they are complete and accurate.
- Bass Biz can help you coordinate and cooperate with the RBI officials for the verification and inspection of your premises and resolve any queries or issues that may arise during the process.
- Bass Biz can help you obtain the RBI approval and the certificate of registration or license for your branch office or liaison office within the stipulated time and ensure that you comply with all the RBI norms and regulations.
- Bass Biz can also help you with the post-approval services, such as registration under the Companies Act, 2013, GST, Income Tax, etc., accounting, taxation, auditing, compliance, reporting, etc. for your branch office or liaison office and help you manage and grow your business in India effectively and efficiently.
Bass Biz has helped many clients in setting up and running successful branch offices and liaison offices in India, across various sectors and segments. Bass Biz has a proven track record of delivering quality and timely services at affordable and transparent prices. Bass Biz also offers customized and flexible solutions to suit your specific needs and preferences.
If you are looking for a reliable and professional partner for your branch office or liaison office in India, look no further than Bass Biz. Contact us today and get a free consultation and quote for your branch office or liaison office in India.
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