| Requirement to Register Branch Office In India |
| Permitted Activity under Branch office
Normally, the branch office should be engaged in the activity in which the parent company is engaged. i. -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 agent in India. -Rendering services in Information Technology and development of software in India. -Rendering technical support to the products supplied by parent/group companies. -Representing a foreign airline/shipping company.
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| The non-resident entity applying for a BO/LO in India should have a financially sound track record
For Branch Office a profit making track record during the immediately preceding five financial years in the home country and net worth of not less than USD 100,000 or its equivalent. Net Worth 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.
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| Registered Address in India
After approval of Branch Office, office need to be maintained in India. |
| Name of Branch office
Name of branch office shall be same as of Parent company. |