Foreign Company Registration

Vashista & Associates assist foreign investors and multinational companies to set up their business house in India. Our services are customized to the requirements of our foreign clients so that they can set up their business in India. With the help of our expert consultation, our clients find it very simple affair to set up their office and run operations in India. We also guide our clients in understanding the business laws and regulations in India and offer them a complete package of services to help them right from their incorporation to the post setup activities.

We offer following services to our foreign clients

• Business pre entry services
• Market research
• Advisory services on business structure keeping in view tax structures in India
• Advisory services on Indian Regulatory affairs, various approval and approving authorities
• Assistance in incorporation of business entity in India
• Advisory services on partnership. This includes checking the credentials of the prospective partners
• Advisory services on mergers, take over, acquisitions of domestic companies by foreign companies.
• Assisting with banking and tax regulations in India
• Advisory services on various compliances in India e.g. service tax, vat, income tax, roc returns and various labour related compliances
• Administrative, Legal, HR, Accounting and IT support
• Advisory services on financial matters, corporate and project financing etc.
• Drafting and vetting of various agreements and documents.
• Constant and ongoing regulatory and statutory compliance support

Establishing a Representative / Liaison office and registration

• Setting up of liaison office in India requires approval of the government of India. The role of Liaison Office is limited to collection of information, promotion of exports/imports and to facilitate technical/financial collaborations.
• Liaison office cannot undertake any commercial activity directly or indirectly.

Advisory services on setting up of Branch Offices of foreign companies and registration:

Foreign companies engaged in manufacturing and trading activities abroad are allowed to set up Branch Offices in India for the following purposes

• Export/Import of goods
• Rendering professional or consultancy services
• Carrying out research work, in which the parent company is engaged
• Promoting technical or financial collaborations between Indian companies and parent or overseas group company.
• Representing the parent company in India and acting as buying/selling agents in India
• Rendering services in Information Technology and development of software in India.
• Rendering technical support to the products supplied by the parent/ group companies.
• Foreign airline/shipping company
• Foreign Banks
  

A branch office is not allowed to carry out manufacturing activities on its own but is permitted to subcontract these to an Indian manufacturer. Branch Offices established with the approval of RBI may remit outside India profit of the branch, net of applicable Indiantaxes and subject to RBI guidelines. Permission for setting up branch offices is granted by the Reserve Bank of India (RBI).

We assist foreign companies in setting of Indian branch offices and advise them on various compliance matters related to the setting up of branch offices.

Procedure for Branch Office:

To set up a branch office in India, a foreign company is required to forward its application in the required format to - Chief General Manager, Exchange Control Department (Foreign Investment Division), RBI Central Office, Mumbai in the form FNC-1. These applications are considered on a case-to-case basis. The RBI generally gives permission in a time span of about 2 to 4 weeks. The application must include the following details :-

• Operating history of the company worldwide
• Proposed interests and activities in India
• Reasons for wanting to open a branch office and
• Any foreign exchange implications for such matters.
• English version of Certificate of Incorporation, MOA and AOA of the company duly attested by the Indian Embassy or Notary in the country of origin.
• Audited balance sheet of the applicant company.
• Details about the activities of the company