Corporate and M&A

A Project Office (PO) is a place of business established to execute a project in India representing the interests of a foreign company. Such offices are prohibited from undertaking or carrying on any activity other than the activity relating to the execution of the project and are established to have a presence for a limited period and for executing a specific task.

India is one of the fastest-expanding economies in the world. The government is making all the attempts to make it one of the best places for doing business. The RBI guidelines regarding the establishment of project office have been issued to ease in doing business in India and liberalizes the procedure for non-residents to set up a place of business in India by delegating several powers of the RBI to AD bank. It, thereby, makes the entire process time-efficient as well as more transparent.

To know more visit: https://ajsh.in/establishment-of-project-office-in-india/