Establishment of Liaison , branch ,Project offices, in India by foreign Non-Government Organisations/Non-Profit Organisations/Foreign Government Bodies/Departments under Government Approval Route henceforth

Establishment of Liaison , branch ,Project offices, in India by foreign Non-Government Organisations/Non-ProfitOrganisations/Foreign Government Bodies/Departments under Government Approval Route henceforth

 

In terms of Notification No FEMA 95/2000-RB dated July 02, 2003 general permission is granted to a foreign company to open project office in India provided it has secured from an Indian company, a contract to execute a project in India, and subject to satisfying certain other criteria.

It is clarified that permission to establish offices, in India by foreign Non-Government Organisations/Non-Profit Organisations/Foreign Government Bodies/Departments, by whatever name called, are under the Government Route as specified in A. P. (DIR Series) Circular No. 23 dated December 30, 2009. Accordingly, such entities are required to apply to the Reserve Bank for prior permission to establish an office in India, whether Project Office or otherwise.

Ref-

RBI/2012-13/211- A. P. (DIR Series) Circular No. 31 dated September 17, 2012