Project Office

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Project Office

Project Office is the temporary type of office which is used to execute specific projects in India by foreign companies. Go Company provides services for establishment of such offices of foreign companies in india. All the services required for project office registration in india are available at Go Company at affordable prices.

Salient Features

  • To establish a Project Office in India, one should have approval for the concerned project sanctioning authority and permission of the Reserve Bank of India.
  • For payment in foreign currency, the contract should be provided under which the project had been sanctioned.
  • Two foreign currency accounts are allowed for each project office, one of those is denominated in USD and other one in home currency and both should be maintained with the same AD Category-I bank.
  • After completion of the project, both the foreign currency accounts should be closed.

Pros

  • Operations are easy in Project Office.
  • The closure process is easy and simple in Project Office.
  • The RBI approved Project Office may pay the surplus of the project outside India after its completion after the application of the Indian Taxes and according to the RBI guidelines.

Cons

  • After securing a Project form Indian Company, Project Office can be setup.
  • The project is funded by the inward alimony from abroad or by International Financial Agency.
  • An appropriate authority clears the project.
  • Project office cannot be established if the parent entity is established in Pakistan, Bangladesh, Sri Lanka, Afghanistan, Iran, China, Hong Kong and Macau.
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Process to Set up a Project Office

Packages:

Select from the following packages :

  • For Basic
    • 1. PAN
    • 2. TAN
    • 3. RBI Approval
    • 4. Branch registrat...
    • $900
  • For Standard
    • Basic +
    • 1. Income Tax Return
    • 2. First Year TDS F...
    • 3. Annual Activity ...
    • $1,300
  • For Premium
    • Basic + Standard +
    • 1. Auditors Appoint...
    • 2. First Year Annua...
    • $1,550

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