Request for Proposal for Redevelopment and Maintenance of Website for Consulate General of India, Guangzhou and migration of Consulate Website on Virtual Private Cloud Infrastructure
Events organised by Consulate General of India, Guangzhou
On the occasion of the 71st Independence Day of India, Consulate will be organizing a flag-hoisting ceremony on Tuesday, 15 August 2017 at 0900 hrs.
Latest information on eVisa facility
Consular camp at Shenzhen to be held on last Saturday of every month
International Day of Yoga
The 2nd International Day of India (IDY) in Southern China was celebrated in five cities jointly organized by the Consulate General of India, Guangzhou with the local Municipality governments and other Yoga Institutes.
Setting up Project Office in India
Q.1. Who can set-up a project office?
Q.2. What are the conditions for establishing a project office?
Ans. The conditions prescribed by RBI for establishing a Project Office in India are:
Q.3. Whether profits can be repatriated freely? How are profits of project offices taxed in India?
Ans. Profits earned by a Project Office can be repatriated freely after completion of the project subject to payment of taxes in India and fulfillment of other conditions. Like a branch office, a project office is also treated as an extension of a foreign company in India and taxed at the rate applicable to foreign companies.
Q.4. Can a Project Office open a foreign currency account in India?
Ans. Authorized Dealer (AD) Category - I Banks can open “non-interest” bearing Foreign Currency Account for Project Offices in India subject to the following conditions:
Q.5. Can intermittent remittances be carried out by Project Offices?
Ans. Yes. An AD Category – I bank can permit intermittent remittances by Project Offices pending winding up / completion of the project provided they are satisfied with the bonafides of the transaction, subject to the following: