Branch Office

Branch office in India, What is branch office?

A branch office is a proper business idea for foreign companies looking to set up a non-permanent company in India. The branch office represents & handles the work of the head office business.

  • Application Filing with Reserve Bank of India by AD BankFile branch office Application in FNC for a foreign company. The application is filed to the RBI by Authorised Dealer Category 1 approved by the Reserve Bank of India.

  • Prior Approval from the Reserve Bank of India, will be only in Special Cases The AD bank gets prior approval only in special cases approved by the Reserve Bank of India.

Prior approval is required by the bank cases:

  • 1.The applicant company is registered or an applicant is a citizen of Hong Kong, Macau Afghanistan, Sri Lanka, China, Pakistan, Bangladesh, or Iran, & the application is for opening a PO/BO/LO in Andaman and Nicobar, J&K North East region.
  • 2.The principal business activity drops in the 4 sectors Information & Broadcasting, Defence, Private Security, & namely Telecom.

KYC of Verification from Banker of Parent Company

Demand for the inspection of paperwork is sent to the parent company's banker. This procedure of sending a request for a confirmation is also known as swift-based verification.

RBI For Branch Office Registration in India approval.

For approving the branch office in India through the AD Banker itself, a special policy is followed.

Registration of branch Office with Registrars of Companies.

To start a Branch Office in India after the RBI received approval, an FC-1 application is filed for branch office registration procedure of the foreign company under 30 days.

Tax Deduction Number, PAN Card, & Opening Bank Account.

The IT department of India releases a unique ten-digit number, which is called the PAN number. after getting the PAN number, the branch office is can open its bank a/c. & it is compulsory for all taxpayers to get a Tax Deduction A/C Number to submit all the TDS rules.

Import Export Code and Goods and Services Tax Registration.

To get a check book & Bank Account, the need for a copy of the check to apply GST registration and IEC.

Required Documents for Branch Office Registration.

Parent Company Documents Required.

  • Certificate of Net worth confirmed by CPA.
  • An applicant's banker report from the parent company’s country.
  • Association Memorandum.
  • Shareholders details of the applicant company.
  • Incorporation Certificate.
  • Association Articles.
  • Key Executives & Directors details of the company.
  • Financial statement of last 5 years.

Required Documents for Office AR.

  • 5 Photographs (Passport size).
  • POA in the name of.
  • 5 NIC copies.
  • Resolution of Board appointing the Address Registration.
  • A Business Visa copy attach with Stamp of Immigration of arrival on it.
  • Passport’s copies 5.
  • Current Address Proof like Bank Statement/Water Bill/Phone Bill/Electricity Bill.

Documents & Government Forms Drafting.

  • FNC Form.
  • A comfort letter from the Parent company.
  • The applicant on the suitability of FDI & funds source declaration needed.
  • Business nature activity & business location declaration needed.
  • For the opening of a branch office in India, needs permission Board Resolution.

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