Setting up a Project Office in India

Permission to set up a project office is granted by the Reserve Bank of India.

Project offices are those that are set up in India by a foreign company to execute projects which have been approved by the Government of India.

Project office approvals are granted only for the specific project being executed in India and must close after the project is completed.

Project Offices may repatriate outside India the surplus of the project on its completion, general permission for which has been granted by the RBI.

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