Branch Office In India Of A Foreign Entity? – Legallands


 

Pre-requisites for a foreign company to have a branch office in India

 

The following additional criteria are also considered by the Reserve Bank while sanctioning Branch Offices of foreign entities

  • Profit-making track record during the immediately preceding five financial years in the home country.
  • Net Worth of not less than USD 100,000 or its equivalent  [a total of paid-up capital and free reserves, less intangible assets] as per the latest Audited Balance Sheet or Account Statement certified by a Certified Public Accountant or any Registered Accounts Practitioner by whatever name.
  • Proprietary concerns set up abroad are not allowed to establish Branch Offices in India.

 


Legal forms in which a foreign company can set up its establishment in India 




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Branch office in India




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