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Foreign Branch Office Service
- A company expands its business by opening up its branch offices in various parts of the domestic country as well as in other countries. A branch office refers to an establishment, which carries on substantially the same business and activity as is carried out by its Head Office.
- Permission to set up a branch office is granted by the Reserve Bank of India. A Branch office of a foreign company upon approval from the RBI must be compulsorily registered under the (Indian) Companies Act, 2013.
- Branch Offices established with the approval of RBI, may remit outside India profit of the branch, net of applicable Indian taxes and subject to RBI guidelines.
