What is Project Office Registration?

A foreign company that wants to work on a project in India, whether it’s a short-term or long-term endeavor, can do so, but there are some steps to follow. First, they need to have a project awarded to them by either the government or a private company in India. Before they can start working on the project, they must register their project office with the Reserve Bank of India (RBI) and the Registrar of Companies (ROC).

To register the project office, the foreign company needs to approach a Category 1 Authorized Dealer (AD) Bank with all the necessary documents, including a copy of the project agreement. They also need to promise that the funds for the project will come from abroad or through an arrangement with an international finance agency.

Once the RBI approves their application, the project office must be registered with the ROC and the local police within 30 days of that approval. This way, they can legally operate in India for their project.

Application Requirements for Registration Project Office Registration

• Secure a Project: The foreign company must have a confirmed project in India and a legal agreement in place for it.
• Project Approval: The project must be approved by the relevant authorities.
• Foreign Funding: The project should be financially supported by money from the foreign country. If not, an international financial agency should sponsor it.
• Indian Funding: If there’s no foreign funding, the Indian entity must get a loan from an Indian bank or a public financial institution.

Documents Needed to Register a Project Office Registration

• Basic Forms and Information:
  • FNC Form duly signed by AR
  • Proof of Registered Office
  • Note on Location/Proposed Activity
  • NOC from the premises owner
• Legal and Financial Documentation:
  • Certificate of Incorporation & MOA
  • Audited Financials for the past 5 Years
  • Board Resolution to Open a Branch Office
  • KYC of the Authorized Signatory