Overview
It is tied to the project and operates within the RBI framework. We handle eligibility, the AD Bank/RBI process, registration and the reporting a project office requires for its duration.
So your project presence is set up and reported correctly.
What's included
- Eligibility & structure review
- RBI/AD Bank application
- Registration
- Project-period compliance
How we approach it
Frequently asked questions
When is a project office suitable?
When a foreign company has secured a specific project/contract to execute in India.
Is it time-bound?
Yes — it is linked to the project's duration.
How is it different from a branch?
A project office is tied to one project; a branch supports ongoing permitted activities.
Does every foreign project in India automatically qualify for a project office under general permission?
No, general permission applies only where specific funding conditions are met, such as the project being funded by inward remittance or a multilateral agency; otherwise specific RBI approval is needed.
Can profits from the project be remitted back to the parent?
Yes, subject to tax clearance and RBI reporting requirements at the time of remittance or on winding up.
What happens to the project office once the contract is completed?
It must be closed and wound up, with a final report and any remaining funds repatriated as per RBI's closure requirements — we manage this closing process too.
Talk to us about Project Office Set-up.
Rashmi K.S. & Associates · Practising Company Secretaries · Balewadi, Pune