Liaison, Branch, and Project Offices

BOI

Establishing Liaison, Branch, and Project Offices for Foreign Entities in India

  • At Bank of India, we offer specialized services to facilitate the establishment of Liaison Offices (LO), Branch Offices (BO), and Project Offices (PO) in India. These services are provided in compliance with the Foreign Exchange Management Act (FEMA), 1999, and RBI’s Notification No. FEMA 22(R)/2016-RB dated March 31, 2016. We welcome foreign entities to open current accounts for their LO/BO/PO with us.

BOI

  • Liaison Office (LO):
    The Liaison Office acts as a communication channel between the foreign entity's principal business location abroad and its entities in India. It does not engage in any commercial, trading, or industrial activities and operates purely through inward remittances from its overseas parent company via authorized banking channels.
  • Project Office (PO):
    A Project Office represents the foreign company’s interests in executing a specific project in India. Its entire operations are exclusively related to the project and does not conduct any liaison activities/other activity.
  • Branch Office (BO):
    A Branch Office is suitable for foreign companies involved in manufacturing or trading, looking to establish a presence in India. Approval from the Reserve Bank of India or an Authorized Dealer (AD) Category Bank is required to establish a BO. These offices can engage in activities similar to the parent company abroad.

BOI

  • When you open a current account with us, you’ll enjoy smooth banking operations, tailored to your LO, BO, or PO’s needs. From inward remittances to regulatory compliance, our expert team is here to make sure your India office runs like clockwork.

Fees & Charges:

  • Competitive pricing designed with transparency. For details Click Here

Want to get started?

  • Reach out to our expert team today!
    Click Here to find your nearest branch or contact us for more details.

Disclaimer:

  • This information is provided in accordance with Section 6(6) of the Foreign Exchange Management Act, 1999, and Notification No. FEMA 22(R)/2016-RB dated March 31, 2016. Please refer to the regulatory publication for the most recent amendments.