setindiabiz

Project Office Registration

By Foreign Company with RBI & ROC Registration

The RBI has issued general permission for the establishment of a Project Office by a foreign corporation in India, provided a written agreement for execution of a project has already been signed between the foreign company and the Indian government or any other private party.

Request Call Back Schedule Free Consultation
  • We hate spam as much as you do.
  • No Data Sharing. 100% Confidentiality

Project Office Registration

Project Office Registration

A foreign company can establish a project office in India either on a temporary basis or a permanent project office, provided the foreign company has been awarded a project to be executed by them in India from the government or private sector. Registration of Project Office with RBI & ROC must be completed before it starts operating. There are certain conditions which need to be fulfilled before an application is moved for Project Office Registration.

To register a project office an application is made with the Category 1 AD Bank with a complete set of documents including the copy of the project agreement and an undertaking that the project shall be funded with inward remittance from abroad or through an arrangement with the bilateral or multilateral international finance agency. After approval of the application by the RBI, the project office needs to be registered with the ROC and local police within 30 days of such approval.

Branch Office of Foreign Registration

Eligibility for Project Office Registration in India

Formal Contact of the Project

Formal Contact of the Project

The foreign entity must have secured a Project in India, and a formal and legally binding agreement is executed for the same financial statement.

Clearance of Project

Clearance of Project

That the project has been cleared from appropriate and recognised authority or ministry and if applicable from the environment ministry.

Foreign Funding

Foreign Funding

The project must be funded out of the Inward remittances from abroad, or an International Financing Agency must fund the project.

Indian Funding

Indian Funding

In the absence of foreign funding, the Indian Entity awarding the contract shall avail the term loan from a Public Financial Institution or a bank in India

Documents Required Attestation / Appostile

  1. FNC Form duly signed by AR
  2. Proof of Registered Office
  3. Note on Location / Proposed Activity
  4. NOC from the owner of the premises.
  1. Certificate of Incorporation & MOA
  2. Audited Financial of past 5 Years
  3. Board resolution to Open a Branch Office
  4. KYC of the Authorised Signatory

Project Office Registration Process

01

ATTESTATION OR LEGALISATION OF DOCUMENTS

All documents which are signed by the proposed director or shareholder being a foreign national including their passport and address proof need to be legalized either through Indian Embassy or to be apostilled as per Hague convention. However, in case the foreign person comes to India with original documents then attestation can be done in India provided he came on a business Visa.

02

DIGITAL SIGNATURE CERTIFICATE (DSC) OF DIRECTOR

DSC is the equivalent of physical or paper signature in digital format. As the application for company registration is filed online with Digital Signatures of the director, hence the process starts with the issuance of the digital signature for all the directors/promoters. Photo, Passport and Address proof is to be submitted along with Form for the issuance of DSC.

03

APPLICATION FOR COMPANY REGISTRATION

The application for registration of company or LLP is filed in one consolidated form known as Spice Form. The applicant needs to annex scanned copy of documents, MOA, AOA and proof of registered office in India along with the NOC from the owner of premises. With the approval of the same by Registrar of Companies, Certificate of Incorporation is issued.

04

BANK A/C OPENING & FDI REPORTING

After company incorporation, the Bank A/c has to be opened, wherein the foreign direct investment must reach within 180 days of incorporation of the company with advance intimation to Banker. Post investment the company is under strict liability to file adequate reporting with the RBI reporting of FDI received within 30 Days.

Smooth Service Delivery by Setindiabiz

Order Online

1

Order Online
Request Quote

Documentation

4

We would draft documents for filing

5

We Deliver the Service
Fast & Smoothly

Trusted by Leading Companies

Lotte Korea
LEI
PEC
Zopper
Windlass
Trux
Testbook
Premiershield
Porter
Pepperfry
New Prince Management
MAC Hotels Limited
Indian Post Payment Bank
IBL
GPX India
Innovaccer
Docquity
Carwale

What Clients Say About Us

Jayanta Das

"We are using your services for over four years now. We are extremely satisfied with the way solutions are provided."

- Jayanta DasPrimero Skills & Training Pvt. Ltd. Director
vivekananda-sinha

"Smooth workflow and everything was completed on time with details & perfection. We cherish the association."

- VIVEKANANDA SINHAFIH Business Services Pvt. Ltd. Director
LIU

"We found solution to all our problems, we were facing in India. Team Setindiabiz streamlined our processes of accounting, tax and payroll with ease."

- LIU FUTANGCCIC India Private Limited Managing Director