A body corporate incorporated outside India (including a firm or other association of individuals) can open a Liaison Office (LO) / Branch Office (BO) in India. Companies must obtain permission from the Reserve Bank of India (RBI) under the provisions of the Foreign Exchange Management Act (FEMA).
Net worth refers to the total of paid-up capital and free reserves, less intangible assets, as per the latest Audited Balance Sheet or Account Statement certified by a Certified Public Accountant or any Registered Accounts Practitioner.
We at VPS and Associates have extensive experience in setting up Branch and Liaison Offices in India. If you need assistance, please reach out to +91 90309 31302, 88863 59392.