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    <description>Establishment and operation of foreign Liaison, Branch and Project Offices require prior application in Form FNC to the RBI through an Authorised Dealer and are processed under Reserve Bank or Government routes. Eligibility is assessed by track record and net worth; LOs have restricted liaison activities funded by inward remittances, BOs may carry out specified commercial and service activities but not retail or manufacturing, and POs require contract and funding/sanction criteria. Offices must submit Annual Activity Certificates, audited financials, obtain PAN/UIN, comply with reporting, renewal and closure formalities, and follow nationality and entity restrictions.</description>
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