Lower middle income
GNI per capita (US$):
Young working population
A project office of a foreign company is setup for a particular purpose of executing a project awarded to a foreign company in India. There are certain conditions which need to be fulfilled before an application is moved for Project Office Registration. The Registration of Project Office is required to be completed with at at-least three government department. Firstly an approval of setting up a project office need to be obtained from the reserve bank of India which accords its approval on an application filed before it through an AD Banker. Secondly, the project office shall be required to register itself before the register of companies as a foreign company within 30 days of having secured approval from the reserve bank of India. Thirdly it needs to get itself registered in the office of Director General of Police of the concerned state, within which the registered office of the project office shall be situated. RBI has granted general permission to foreign entities for establishing of Project Offices, and Such Project Office of a Foreign Entity cannot carry on any activity other than the activity which is directly related to the project for which it has been established.
Procedure for Setting Project Office
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