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of <h1>Foreign Branch and Project Offices in India Need RBI Approval to Acquire Property; Leasing Limited to 5 Years</h1> Branch Offices (BO) and Project Offices (PO) of foreign entities in India are allowed to acquire property for their own use and to conduct permitted or incidental activities, but not for leasing or renting. However, entities from specified countries, including Pakistan and China, must obtain prior approval from the Reserve Bank of India to acquire immovable property. Liaison Offices (LO), BOs, and POs can operate from leased properties, provided the lease does not exceed five years.
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