Liaison / Representative Office

• It contains only liaison activities .


• It way a POB (Place of Business.)


• Its major function is to behave as a Channel of Communication among the Head-workplace positioned outside India and Business Entities in India.


• It has restricted function only.


• No any department activities need to adopt by this office


• . Initially, permission to installation such office is granted only for 3 years. 8. An Authorized Category Bank may also enlarge the Initial time limit to set up such office from time to time 9. It has to gather the data about viable market opportunities. 10. It also has to offer the c data in regards to the Company (situated outside India) & the products synthetic by them to the Indian Customers..

Liaison offices (LOs) are a famous choice for foreign investors exploring the Indian market for the primary time with out committing essential resources. In comparison to different business structures, LOs permit foreign agencies to set up a mild footprint in India while maintaining their financial, legal, and administrative commitments low. Here, we define the features and necessities for liaison offices working in India.

The Foreign Entities must have a income making track report at some point of the immediately previous 3 economic years withinside the domestic country.
It must have minimal Networth of USD 50,000.

The following are the permissible activities:-

• It can constitute the Parent/Group businesses in India.


• It can promote export from India.


• It can promote import to India.


• It can promote the technical or monetary collaborations among Indian companies and parent or foreign places organization company.


• It can act as a conversation channel.


• It can render the coverage activities in India after you have IRDAapproval.