Lower middle income
GNI per capita (US$):
Young working population
There are various methods by way of which a foreign company can enter India economy, and the decision of a particular format depends on the business objective and the purpose for which the foreign company or corporation is coming into India. If the purpose is to study Indian Market potential or to spread awareness of the product or services, then the best choice would be to form a liaison or representative office of the foreign company. In the case of a liaison office, the foreign company can not engage in any commercial activities, and the parent company shall meet all the expenses of the liaison office. The liaison office. A liaison office is a foreign company for tax laws and Indian government taxes the profits of such entities at higher rates. As of now the tax on the profit of the foreign company is 40% in contrast to the tax rate of 30% on Indian company.
A Liasion Office Registration in India is done in terms of the law prescribed by the Reserve Bank of India, which issues master circular every year on the subject matter. Indian Laws are dynamic and based on the changing needs the regulations in Foreign Exchange Management Act are revised time to time. As of now, the regulatory body is the central bank of India (Reserve Bank of India) which accepts the application for registration of the liaison office in India through its designated banks. The decision concerning approval of registration of a liaison office is discretionary, and the central bank can ask for more information and clarification from the applicant. We have been assisting many foreign companies in getting their branch office registered in India.
For Registered Address in India