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A ‘Liaison Office’ (LO) functions as a representative office set up primarily to explore and understand the business and investment climate in India. It is also known as ‘Representative Office’.Foreign investor or foreign companies can open a liaison office in India for promoting and facilitating the parent company’s business activities. Liaison Office can act as a communication channel between the head office abroad and clients in India.
(1) One name one identity across the globe
(2) Promotion and facilitation of the parent company business activities.
(3) Establishment of a better communication channel between head office and parties in India.
(4) Effective Study of Indian market.
(5) Tax benefits.
(1) Filling of application with RBI through AD bank.
(2) Verification Of KYC From Banker Of Parent Company
(3) Approval of RBI for Liaison Office Registration in India.
(4) Registration of Liaison Office with ROC
(5) PAN Card, Tax Deduction Number, and Bank Account Opening
(6) GST Registration & IEC
(1) Letter of comfort.
(2) Details of shareholders of Applicant Company.
(3) Shareholding structures of the company.
(4) NOC from state police authorities applicable for few countries.
(5) Details in respect of Directors/ Key Executives with contact information.
(6) Audited Balance sheet of the applicant company for the last three years.
(7) Company’s incorporation documents attested by Indian Embassy present in the country of parent company.
(8) Appointment letter of a local representative in india appointment by companys representative.
(9) Power of attorney in favour of signatory of from FNC representative of a liasion office in case the head of the overseas entity is not signing form FNC.
(1) What is Liaison Office Registration?
(2) What are the requisites ofnewly established liasion office?
(3) What is the procedure for liaison office to open more than one bank account in india?
(4) Is it important to appoint local represrntative?
(5) Who has authority to appoint local representative
