A project office is a place of business for foreign companies to represent its interest in executing a project in India. A company having the object of presence for a limited period of time is an ideal method to set up a business presence in India. It is essential that the company establish a project office here in India must do it with the purpose of executing a specific project. India is one of the fastest growing economies, have made efforts to make India one of the better places for the purpose of doing business. In lieu of this decision, the government has delegated some powers of the RBI to AD Bank in order to make the process of establishment of project office time efficient and transparent.
Now, the establishment of a project office can be achieved with ease as doing business in India can be done with ease and even the non-residents can set up a place without any hassle. Secure contact with an Indian company to start a project and compliance with ROC, as prescribed under the Companies Act, 2013 and RBI Guidelines.