Procedure for Applying
Fill Information
We will love to know about your company in our eazy to fill forms.
Make Payment
Don’t forget to apply coupon code Sterling10 at checkout
Mail Documents
Our Experts will assist you with any queries about documents.
Sit Back and Relax
Our passionate team will process your application in fastest time.
Branch Office of Foreign Company in India
Planning to Start a business in India:
Sterling Tax Partners is having team of expert professional C.A., C.P.A, Cost Accountant, C.S. Lawyer that will ensure all legal formalities has been taken care with complete due diligence for starting a business in India.
Our expert team would help to make the decision for structure (Subsidiary company in India, branch office in India or liaison office in India or join venture in India) that a foreign Company need to choose while starting up the business in India. We are here to make your process smooth and ease your business. Now, shift all your tension to us.
Introduction: Branch office of foreign Company in India
Setting up the branch office of foreign Company in India is a preferred choice when foreign Company intend to extend their existing business in India or when they seek to establish a temporary presence in India.
Benefit of opening Branch office in India
- The branch office offers a greater level of control to the parent company. A branch office is known as a dependent type of company, which means that its activities are entirely managed by the parent company in terms of the decision-making process.
- The branch office in India maintains the brand value of the parent company as it shall use the same name as that of the Parent company.
Requirements for Company registration of Foreign Subsidiary in India
- Foreign Company should have profitable track record during immediately preceeding five financial years in their home country.
- The net worth of Parent Company should be $ 1,00,000 or more
- Application for opening of branch office should be submitted through designated AD Category-1 bank to Reserve Bank of India as per FEMA,1999.
Documents required for opening the branch office of foreign Company in India
- Certificate of incorporation of foreign Company
- Memorandum of Association
- Article of Association
- RBI Permission letter
- Official approval by Foreign’s Company board for establishing the branch office in India.
- Information about the Company’s history, nature of business and key stakeholders
- DSC of authorised signatory
- DIN of Directors
Process for incorporation of branch office of foreign Subsidiary in India
Apply for Digital Signature of Authorised signatory:
Our expert team at sterling tax partner will help to apply and get the DSC within 1-2 working after completion of all documentation.
Obtaining RBI Approval:
As a first step, our expert at Sterling Tax Partners would help to obtain the approval from Foreign Exchange Department of Reserve Bank of India.
Appointing an Authorized Dealer (AD) Bank:
Once the Company receive the approval from RBI, our expert at Sterling help to appoint the Authorised Dealer Bank. Application for branch office registration would be submitted to RBI through AD Bank. These bank facilitate the foreign transaction in India.
Registering a Branch Office with the Registrar of Companies (ROC):
Once the RBI has approved the establishment of Branch office, the next step is to register with Registrar of the Companies in the specific state where the office is located. Our team would help to prepare the documents and required form to be filed with ROC and also help to resolve the query received post filing of application.
PAN, TAN and Opening of Bank Account:
Once the application with ROC is approved, our team would help to apply for PAN, TAN and opening of Bank Account in India.
Frequently Asked Questions
1. What is a Branch office? Who can set-up a Branch office?
A branch office in India operates as an extension of a Parent Company which is based outside India not as separate legal entities. Its name will be similar as of Parent Company name only.
2. What is the Income Tax rate for a Branch office of a Foreign Company?
3. Can more than one Branch Office accounts be opened in India?
4. What are the conditions / minimum requirements for opening a Branch office in India?
Why only Sterling !!
On-Time Delivery
We respect your time. Passion drives us. Our services will reflect the same.
100% Transparency
We believe in empowering you. We make sure you are up to date on the progress.
Customer Priority
Dedicated Customer representative available 24 Hrs to help you with any difficulty.
Simple and Easy
You don’t need to worry at all. We handle all the complexities on your behalf.
On-Time Delivery
We respect your time. Passion drives us. Our services will reflect the same.
100% Transparency
We believe in empowering you. We make sure you are up to date on the progress.
Customer Priority
Dedicated Customer representative available 24 Hrs to help you with any difficulty.
Simple and Easy
You don’t need to worry at all. We handle all the complexities on your behalf.