Acting as an extension of your foreign company, a Branch Office can execute a myriad of basic operations in India, from trading to consultancy. However, opening such an office requires meticulous adherence to regulations like the Foreign Exchange Management Act (FEMA), 1999.
• Identity: Retains the same name as its foreign parent company.
• Financial Backing: The parent company must demonstrate a profitable trajectory for the past five years and maintain a net worth or paid-up capital of USD 100,000 or above as evidenced by the latest audited balance sheet.
• Professional or consultancy services.
• Import/export operations.
• Research in areas where the parent company operates.
• Representation of the parent company.
• IT and software services.
• Offering technical support for parent company products.