FOREIGN DIRECT INVESTMENT
Querist :
Anonymous
(Querist) 29 March 2011
This query is : Resolved
A SWITZERLAND BASED BULK COMMODITY TRADING COMPANY WISHES TO SET-UP THEIR OFFICE IN INDIA. THE INDIAN OFFICE WILL PRIMARILY BE INVOLVED IN SOURCING IRON ORE FOR EXPORTS TO THE PARENT COMPANY IN SWITZERLAND I.E. BUYING IRON ORE FROM DIFFERENT SUPPLIERS IN INDIA AND EXPORT TO THE PARENT COMPANY UNDER ITS OWN NAME.
I WAS OF THE UNDERSTANDING THAT THE POSSIBLE ROUTES ARE FOR ABOVE SCOPE OF ACTIVITIES ARE - A> BRANCH OFFICE OR B> SUBSIDIARY.
HOWEVER, ONE OF OF THE MAJOR CONSULTANCY FIRMS SUGGEST THAT SUCH ACTIVITY MAY BE POSSIBLE TO BE CARRIED OUT THROUGH A LIAISON OFFICE STRUCTURE. AND WITH LIAISON OFFICE, TRANSFER PRICING/TAXATION, ETC WON'T BE APPLICABLE.
PLEASE ADVISE IF LIAISON OFFICE COULD BE A VIABLE OPTION FOR THE BUSINESS MODEL DESCRIBED ABOVE.
R.Ramachandran
(Expert) 29 March 2011
Dear Anonymous,
This is quite unfair.
This site is meant to provide free legal service to hapless people and not to commercial concerns.
Querist :
Anonymous
(Querist) 30 March 2011
Dear Mr. Ramachandran,
Point well noted. I don't know how to delete this post; but I am marking this as resolved.
Regards,
Anirban
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