project office(pO)
Project Office’ means a place of business to represent the interests of the foreign company executing a project in India but excludes a Liaison Office. Foreign companies which are engaged in turnkey construction or installation, normally set up a project office for their operations in India.Project Office can undertake commercial activities related to the particular project whereas the liaison office cannot.
We, Compliance Hands,a team of more than 50 qualified professionals like CA, CS, Advocates etc, having experience of more than 5 years of handling task like this and have completed more than 2000 projects. We ensure are the all the compliance on time and you can carry on your business without any hiccups.
1. It has secured from an Indian company a contract to execute a project in India; and
2.The project is funded by inward remittance from abroad; or
3.The project is funded by a bilateral or multilateral International Finance Agency; or
4.The project has been cleared by an appropriate authority; or
5. A company or entity in India awarding the contract has been granted Term Loan by a Public Financial Institution or a bank in India for the project.
1.Export or Import of Goods/Machinery for Project.
2.Rendering professional or consultancy services related with Project.
3.Rendering technical support to products supplied for Project.
5.Rendering services in Information Technology and development of software for Project.
6. Basically foreign company can do any any activity related to the Project.
1. Not a separate legal entity hence cost of compliance is less.
2. Easy repatriation of Funds.
3. No Tax on Dividend.
4. Easy to shut down.
“If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse.” – Jim Rohn
