Branch Office Registration - Overview
Branch Office is an authorized place in a different location to carry out similar trading transactions as operated by the Head Company or group companies.
Checklist to start a branch office
Net Worth Requirement
Profit Remittance Allowed
Name of Branch Office
Taxation in India
Registration timelines
Annual filing
Prescribed Activities of Branch Office in India
can carry on import & export of goods
Provide professional and consultant services
To conduct research activity
Boosting technical/financial collaboration
Working as a representative of a parent company
Delivering IT services and developing software in India
Indulging in the service of technical support for the products supplied by the parent company
Documents Required For Registration
-
Documents Required From Parent Company
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
- Complete details of Directors and Key Executives of the company
- Full details of the shareholders of the applicant company
- Net worth certificate signed by Certified Public Accountant (CPA)
- Last 5 years financial statement
- statement from applicant ’s banker
- 5 passport size photographs
- 5 copies of National Identity Card
- 5 copies of passport
- copy of Business Visa with along with Immigration Stamp of arrival on it
- Latest Address Proof such as Electricity Bill or Phone Bill or Water Bill or Statement from bank
- Power of Attorney in the AR name
- Board Resolution charging the AR
Process To Register
- Filing Of Application With RBI Through Authorised dealer Bank
- Application for Digital Signature certificate of Authorized Signatory
- Verification Of KYC From Banker Of Parent Company
- Approval Of RBI For Branch Office Registration In India
- Registration Of Branch Office With ROC
- PAN Card, Tax Deduction Number, And Bank Account Opening
- GST Registration & Import Export Code
To Know more Click here