Approval To Set Up Foreign Office

Before any establishing any business in India, it may be necessary for you to take certain approval from certain regulatory authorities in India. We have outlined such approvals below:

Any proposal for foreign Direct Investment in any company , by way of contribution to its equity or instruments compulsorily convertible into equity when it relates to control or ownership of that company, needs the approval of Foreign Investment Promotion
where the proposed shareholding in Indian Company is above the prescribed sector caps, or
Where the Indian Company is engaged in manufacture of items reserved for Small Scale Sector and where Foreign Direct Investment is more than 24%
where the foreign collaborator/Investor has an existing joint venture or technology transfer/trademark agreement in India in the same field except where
Investment is made by Capital Venture Fund registered with Securities and Exchange Board of India
Where the investment made by either of the parties is less than 3 %
Where is existing joint venture is sick or defunct

Application for approval can be made in Form FC-IL, plain paper applications carrying all relevant details are also accepted. No fee is payable

The FIPB ensures a single-window approval for the investment and acts as a screening agency (for sensitive/ negative list sectors). FIPB approvals (or rejections) are normally received in 60 days. Some foreign investors use the FIPB application route wher