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Home - Liasion Offices in India
Liasion Offices in India
INTRODUCTION OF LIAISON OFFICEAs the name suggest the Liaison office is setup by a foreign company in India to carry out the liaison activity for its business. The company cannot have any revenue for the Indian Liaison office; It has to meet all its expenses of Indian office through remittances from the Head office. The Liaison office is not allowed to earn any income in the India.
Liaison office is suitable for a foreign company to test and understand the Indian market, as it does not allow the companies to do business but just to be in the market and understand the Indian market or carry out the Research & Development activities or to understand the problem of existing clients of the company and serve them better.
The application for Liaison office Licenses is approved by the RBI, but as per the recent changes the applications for Liaison office are routed through the A.D i.e Authorized Dealers. Due to this the timeline for setting up the liaison office has increased tremendously. Further the documentation required for the same has also increased.
GENERAL FEATURES OF LIAISON OFFICE
ACTIVITIES ALLOWED TO LIAISON OFFICE IN INDIA
CONDITION FOR SETTING UP LIAISON OFFICE
DOCUMENTS REQUIRED FOR LIAISON OFFICE SETUPCurrently as per the RBI Requirement the application for the branch office and Liaison office is submitted through the Authorized dealer. The authorized dealer means the various institution having banking licenses.
The applicant of the Branch/Liaison office has to opt for the any of the Authorized Dealer, it is always preferable for the company to opt for the same authorized dealer as it is dealing in the home country.
NOTE - THE ABOVE LIST IS NOT EXHAUSTIVE AND MAY DIFFER DEPENDING UPON THE REQUIREMENT FROM THE AUTHORISED DEALER.
BRIEF SUMMERY OF STEPS TO GET RBI LICENSES
PROCEDURE AFTER GETTING THE RBI LICENSEEvery Liaison office registered with RBI shall get itself registered with the Ministry of Corporate Affairs, It is a registration by the Liaison office as a establishment of foreign company in India. On such registration a CIN i.e Corporate Identity Number is allotted by the Registrar of Companies. The following documents shall be filled with the Registrar of Companies :-
OTHER BUSINESS LICENSES APPLICABLE TO LIAISON OFFICE
ANNUAL ACTIVITY TO BE CARRIED OUT BY LIAISON OFFICE
CLOSURE OF LIAISON OFFICEGenerally the Liaison office licenses is given for three years, if at any time the Company plans to close the Liaison office setup in India it shall file the necessary documents with the Authorized Dealer, and the application for the closure shall be forwarded by the Authorised Dealer.