All in-country activities conducted by the liaison office should be non-revenue generating.Ī branch office is not an incorporated company but an extension of the foreign company in India. A foreign company establishing a liaison office cannot repatriate money out of India. All expenses are to be borne by inward remittances. Such offices are not allowed to charge any commission or receive other income from Indian customers for providing liaison services.
As no revenue is generated, there are no tax implications to the office in India. A liaison office is not allowed to undertake any commercial activity and cannot earn any revenue in India. The purpose of these offices is to oversee their networking efforts, promote awareness of products, and to explore further opportunities for business and investment. Many foreign companies initially establish a presence in India with a liaison or representative office that is not directly engaged in commercial transactions in India. Such companies also must register themselves with the Registrar of Companies (ROC) within 30 days of setting up a place of business in India. Approval from the Reserve Bank of India (RBI) is required and can be obtained by submitting form ‘FNC’. Many state governments are creating special technology parks for selected industry sectors like software, biotechnology, and automotive.Ī foreign company or individual planning to set up business operations in India – but choosing not to establish a subsidiary or to form a joint venture with an Indian partner – can do so by establishing liaison, project, or branch offices in India. For long-term use, discounts are generally available. Business centers are facilities that are ready to move in, wired for communications, and air-conditioned. Given the shortage of good commercial office space at reasonable prices in major Indian cities, business centers are a viable option for new companies wanting to establish a physical presence. Under labor law, an employer with more than 100 workers cannot fire them without permission from a government labor commissioner - something usually impossible to obtain. Other factors to consider include labor availability and cost, labor relations and work culture, and proximity to resources and/or markets. The most important factors in choosing a location in India are: (1) physical infrastructure (2) state government support and flexibility (3) cost and availability of power and (4) the law and order situation.
#Establishing a project office professional
India - Licensing Requirements for Professional Services Licensing Requirements for Professional Services
India - Import Requirements and Documentation India - Web Resources: Customs, Regulations, & Standards India - Mining & Mineral Processing Equipment India - Information and Communication Technology Leading Sectors for US Exports & Investments In fact, a good PMO leader might also enhance the vision and show the Sponsor how the PMO might evolve over time.India - Using an Agent to Sell US Products and Services The people you bring on board must be in alignment with the Sponsor’s vision of the PMO. The manager of this project must do their best to convince the Sponsor to minimize compromises in the hiring process. Hiring the right people is the most important aspect of establishing a PMO. It is possible that this, like the timeline, can also generate compromises in the hiring process. The level of talent attracted will be directly proportional to the assigned salary ranges. The bulk of the budget for a PMO will be the salaries. The budget will also be a key factor in the hiring process.
Mix all of these together and the result is your schedule for establishing the PMO. Assign the tasks, estimate the durations, and determine dependencies. You do a work breakdown on the key deliverables (hiring staff, establishing policies and standards, creating/assigning work space, executing the organizational change management plan). Once that is determined, the timeline can be fleshed out as with any other project. If there is a date that cannot move, it is possible some compromises will be made in the hiring process. The PMO Sponsor must decide which priority is the greatest: Getting the PMO up and running by a specific target date or making sure the hiring (especially for the PMO leader) matches the desired traits as closely as possible.
0 kommentar(er)
