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Clarification- Establishment of Liaison Office/ Branch Office/Project Office in India by Foreign Entities- General Permission
Presently, no entity or person, being a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, Iran or China is permitted to establish in India, a branch office or a liaison office or a project office or any other place of business by whatever name called, without obtaining prior permission of RBI.
This circular clarifies that the said restrictions also apply to entities from Hong Kong and Macau. As a result, prior permission of RBI is required to be obtained by entities from Hong Kong and Macau to setup, in India, a Liaison/Branch/Project Offices or any other place of business by whatever name.
