There are many foreign companies which come to India only for specific project which may be awarded by Indian entities, e.g. road construction/ bridge construction or implantation of turnkey projects. These companies exit from India upon completion of that specific project. A general permission for the establishment of such project office is granted by RBI. There are certain specific conditions attached with such permission e.g. Project Offices cannot be engaged in any activity other than the activity belonging to that project. Upon wind up or completion of such Projects, a project office can remit surplus to the head office.

How we help you in this:

• Base liaison with banks/branches and advising the best suited one
• Scrutinizing the documents that are required to be submitted with banks including preparation of Projections
• Liaisoning with Bank on queries raised
• Assisting in opening bank account and other formalities
• Registering place of business with MCA (Ministry of Corporate Affairs)
• Obtaining PAN and TAN for the entity

Once the registration is done, you can start your business. To further help you, we also provide a monthly package accounting system designed especially for small and medium sized business at very compelling prices and facilitating a designated contact person and monthly visits and reporting. This enables you cut the cost since separate full time accountants are not required to be hired and also the compliances and reports are updated for a bird’s eye glance.