For Foreign Companies
For Indian Companies
GIFT City
Taxation Services
Advisory & Regulatory
Accounting Services
A Project Office or Project Management Office in India is the ideal formation for companies looking to temporarily establish their business to execute a specific project. This is the ideal option when companies are required to complete a project within a specific period.
The Project Office acts as a central hub for the project activities and provides comprehensive support and effective governance for the successful execution of the project.
Stratrich Consulting has years of expertise navigating the intricacies of the Indian business environment, provide access to local knowledge and networking that will benefit your Project Office in India. Our proactive approach facilitates a streamlined office setup and allows you to easily tap into opportunities in the Indian market.
India is considered a strategic location for businesses to capitalise on the stable economy, highly skilled workforce and favourable business environment. Companies can benefit from the following while setting up a Project Office in India:
Reserve Bank of India has given the general permission to foreign companies to establish Project Office in India, provided they have secured a contract from an Indian Company to execute a project in India under the following conditions:
If the above criteria is not met, the foreign entity has to approach RBI Central Office in Mumbai for approval.
Registering a Project Office in India offers significant practical and strategic advantages.
Project Office allows the company to manage the project directly from within the country, giving better control over resources, execution and quality.
Project Office has access to local resources such as skilled labour, raw materials and local services, facilitating the smooth and cost-effective completion of the project.
Presence of a physical Project Office in India enhances business credibility and legal recognition. This builds trust and improves communication with partners and clients.
Tax benefits associated with operating a Project Office in India.
You can access the Indian market and get a taste of the business environment for a limited time, without the need to register a full-fledged company.
The compliance load is lighter and more project specific.
We ensure that you operate your Project Office under the most favourable conditions and in compliance with Indian laws. We handhold you throughout the setup and project execution phase, avoiding any possible delays and confusion.
We review your project to verify whether you are eligible to register a Project Office in India.
We help you with all necessary documents for Project Office setup, including:
We also help in getting the required documents notarised from the relevant authorities.
We fill out the application form and submit it to the designated Authorised Dealer Category-I bank.
We follow up with the Authorised Dealer Bank to ensure swift RBI approvals and obtain a Unique Identification Number (UIN), which serves as a unique identifier for the project office. Once the approval letter is received, the Project Office must open a bank account to conduct financial transactions for its project activities.
We take care of the MCA formalities and get your Project Office officially registered under the Companies Act.
We handle the registration and paperwork of PAN, TAN, GST, so that your company is legally functional.
We assist you with tax filings, audits, compliance and closure of the Project Office after completing the project.
A Project Office serves as a place of business set up by a foreign entity to execute a specific project in India. It allows companies to have a temporary or, in some cases, a semi-permanent presence in the country solely for the purpose of completing a project.
Documents required for the Project Office set up in India are:
No
A Project Office lasts as long as the project lasts. There’s no provision for extension. For a new project, you’ll need a new Project Office or a more permanent structure like a branch.
Yes, you can open multiple Project Offices, but they should belong to different projects.
The setup process takes 3-6 weeks, depending on the documentation and approval timelines from the RBI and ROC.
The income earned by a Project Office is subject to corporate tax in India, which is generally around 40% (plus applicable surcharges and cess) for foreign companies.
Yes
No
Approval of RBI for establishing Project Office is required in the following cases:
Take the first step towards success by partnering with experts who understand your business needs. Let us guide you through customised solutions to overcome challenges, capture growth opportunities, and achieve sustainable growth.
