Balakrishna Consulting is a trusted company providing an array of services to foreign company setting up business in India. We assist the foreign companies in establishing Branch Office, Liaison Office, Project Office, Wholly Owned Subsidiary or a Joint Venture with local Partners.

1. Guidelines for foreign company setting up business in India
Overseas businesses may set up their branches in India in any one of the following ways while
preserving its recognition as a foreign firm:.
Liaison Offices - A foreign firm could open up a liaison office in India to take care of its Indian
operations, to advertise its office interests, to spread awareness about its products and to check out
additional opportunities. Liaison offices cannot carry out any type of business or earn any money in
India and all costs are to be taken care by remittances from foreign.
Project Offices - The project office is the best way for foreign company setting up a business
existence in India, if the things are to be set up for a limited time only. It is basically a branch
officeestablished with the restricted objective for implementing a specific project. Foreign firms
involved in turnkey construction or establishment generally set up a project office for their
functioning in India.
Branch Offices - Overseas companies involved in production and trading jobs outside India might
open up branch offices for the objective of:.
·To represent parent company or other foreign companies in different matters in India such as
buying and selling agents.
·To carry out research, in which the parent company is involved given that the outcomes of this
research are provided to Indian firms.
·To carry out export and import trading
·To market technical and monetary ventures between foreign and Indian companies.
Trading companies – Foreign firms might invest in trading companies involved mainly in exports.
Such trading firms are considered at par with national trading companies in compliance with the
trde policy.
The RBI accords automated approval for foreign equity around 51% for establishing trading
companies involved largely in exports. Other proposals, which do not satisfy the standards for
automated approval, can be taken to the Foreign Investment Promotion Board, i.e. "FIPB".
Wholly possessed subsidiaries – Foreign firms might establish up a wholly owned subsidiary,
which is an Indian Firm with an independent legal recognition, different from the parent foreign
business.
Joint venture companies - Foreign firms may set up a joint venture firm i.e. in financial
association with an Indian company/business in India, which is an Indian Firm with an independent
legal recognition, different from the parent foreign business.
A foreign company setting up any type of office as discussed above on behalf of the parent
company or overseas trading companies in India for marketing of exports from India have to get a
previous approval of the Reserve Bank by submitting an application in the suggested form to the
Central Office of Reserve Bank. On approval of such cases, consent is given at first for a period of
3 years, based on the condition that expenses of such workplace will be fulfilled solely from
internal remittances; such workplaces are not allowed to produce any earnings in India.

2. In this regard many corporate law firms are offering NRI services Bangalore. These firms assist
foreign companies to establish their presence in India.
About Balakrishna Consulting
Balakrishna Consulting is a leading corporate law firm of company secretaries, cost accountants,
advocates and CA in Bangalore.The company is specialised in providing company incorporation
services, company formation, LLP registration, assistance in setting up business in India and NRI
services Bangalore.Balakrishna Consulting has been delivering services to around 50 foreign
clients from 23 different nations such as France, UK, USA, Spain, Holland, Hungary, Taiwan,
China, Singapore, Japan, South Africa and South America.BCL is associated with MSI Global
Alliance (MSI), a top ranked global association of independent accountancy and law firms.
For More Details,visit :
Balakrishna Consulting LLP (BCL)
# 24 10th Cross,
Opp Post Office
Wilson Garden
Bangalore 560 027
Karnataka- India
Phone : +91 9448080886 /+91 9590252851 /+91 9739450354
Email : prakasha@balakrishnaconsulting.com
Web : http://www.balakrishnaconsulting.com