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Project Office Setup
A Project Office is a temporary establishment set up by foreign companies to execute a specific project in India. It provides a localized base to manage and oversee project activities effectively, ensuring timely coordination and compliance with Indian regulations.
Project Office Setup: Key Requirements vs. Permissible Activities
Category | Primary Requirements | Permissible Activities |
Project Approval | Must have a secured project in India with regulatory or governmental approval. | N/A |
Permission | Permission granted by Authorized Dealer (AD) Bank or RBI based on project criteria. | N/A |
Funding Arrangement | Project must have confirmed funding from the contracting party or relevant authorities. | N/A |
Compliance | Must comply with FEMA and other Indian regulatory norms during operations. | N/A |
Project Execution | N/A | Oversee project execution, manage site, resources, and decisions. |
Liaison Role | N/A | Act as a liaison between parent company, authorities, and stakeholders. |
Project Transactions | N/A | Handle project-related transactions, including expenses and payments. |
Importing Equipment | N/A | Import project-specific equipment and materials for execution. |
At Bhanushali & Bhanushali, we assist in the seamless setup of a Project Office, handling regulatory approvals, registrations, and ongoing compliance needs to ensure your project operates smoothly and within the legal framework.