Foreign company's engaged in manufacturing and trading activities can establish the Branch office in India to
- Export / Import of Goods
- Rendering professional services
- Carrying out research activities
- Promoting technical or financial collaborations
- Representing the parent company In India
Foreign Company shall obtain the prior permission from the Reserve Bank of India for establishing the Branch office.
RBI will scrutinize the application based on the following criterion
-Whether 100% FDI is allowed in the sector
- Profit making track record during the immediate five financial years
- Net-worth not less than USD 1,00,000 or its equivalent
- Place of Branch office in India
- Profits of the Branch office can be repatrible after the net taxes in India.
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