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FOREIGN NATIONALS  |  LIAISON OFFICE  |  BRANCH OFFICE  |  PROJECT OFFICE   |  JOINT VENTURE

 
PROJECT OFFICE FOR EXECUTION OF CONTRACTS
  
Foreign companies can establish Project Offices in India specifically for the purpose of execution of specific projects. A Project Office is similar to a branch office opened for the limited purpose of executing a particular contract.  
 

The Branch Office in India is allowed to carry on only the following activities:
 
As Project Office's are opened for undertaking a specific activity they cannot perform any other function or undertake any other activity. Generally, companies engaged in turnkey projects or installation projects, set up Project Offices.
All expenses of Project Offices must be met through inward foreign currency remittances if the rupee component of the contract, if any, is not sufficient to meet the said expenses.
RBI approval is required to open a Project office.
 
   

 

   

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