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of <h1>Guidelines for Foreign Entities to Establish Offices in India under FEMA 1999: Application, Activities, and Compliance.</h1> The Master Circular provides guidelines for foreign entities to establish Liaison, Branch, or Project Offices in India under the Foreign Exchange Management Act, 1999. It outlines the application process, permissible activities, reporting requirements, and conditions for closure of such offices. Foreign entities must obtain Reserve Bank approval, with applications considered under the Reserve Bank or Government Route based on the sector of business. Liaison Offices are limited to communication roles, while Branch Offices can engage in certain business activities. Project Offices can be set up for specific projects with general permission under certain conditions. The Circular also details reporting and compliance obligations.
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