CLARIFICATION - ESTABLISHMENT OF LIAISON OFFICE/ BRANCH OFFICE/ PROJECT OFFICE IN INDIA BY FOREIGN ENTITIES - GENERAL PERMISSION

ISSUING AUTHORITY : RESERVE BANK OF INDIA

DATE OF ISSUE : 15/01/2014

EFFECTIVE DATE : IMMEDIATE EFFECT

CIRCULAR NO. 93

RBI has included Hong Kong and Macau in the sensitive list of countries along with Pakistan and China that will require its prior approval to set up business or related activities in India.

Pakistan, Bangladesh, Sri Lanka, Afghanistan, Iran and China are already in the sensitive list which means entities and residents of these countries will need prior RBI permission to establish a branch office or a liaison office or a project office in India.

For detailed Circular, please follow the link below:

A.P. (DIR Series) Circular No.93