Cross Border Transaction services means services related to transaction which involve two or more countries. In India there are two Acts and Double Taxations Avoidance Treaties with respective countries which primarily seems to show concern when a person (Indian Resident or foreign Resident) undertakes cross border transactions viz.
- Foreign Exchange Management Act, 1999 and
- Income Tax Act, 1961
- Double Taxation Avoidance Agreements
Therefore it is imperative that a person needs to deal with both the above-mentioned Acts to enter into a cross Border Transaction.
ADVANCE RULING REPRESENTATIONAL SERVICES
BRANCH OFFICE SET UP OF FOREIGN COMPANY
Upon registration under the Companies Act, 1956 the branch office can carry on its business activities in the same way as a domestic company. Unlike a liaison office a branch office can generate revenue from the sales in the local market and repatriate the profits to the foreign parent company.
A branch office so approved and registered can carry on the following activities –
Export/Import of goods
Rendering professional or consultancy services
Carrying out research work, in which the parent company is engaged.
Promoting technical or financial collaborations between Indian companies and parent or overseas group company.
Representing the parent company in India and acting as buying selling agents in India.
Rendering services in Information Technology and development of software in India.
We at J J J And Company LLP assist our clients in setting up of branch offices in India by ensuring that all compliances are duely met with and client has not to bother about set up phase.
BUSINESS SET UP SERVICES
FEMA AND RBI COMPLIANCES
We Provide FEMA & RBI related following services
Making applications to Reserve Bank of India for purchase/sale of shares, debentures & securities and directly to and from Residents in India and outside India.
Allotment of Shares to non residents.
Transfer of shares from Indian resident to non-residents.
Setting up Joint Venture (JV).
Setting up Partnership / Partnership by NRI’S or persons of Indian origin.
Other Advisory Services on FEMA / RBI etc.
Issue of Statutory Certificates under FEMA & RBI regulation.
FOREIGN COMPANY INCORPORATION
We at J J J And Company LLP have a well qualified and experience team of professionals who can technically handle your International Tax transactions to meet all compliances related to respective laws. Our team’s strength lies in tax structuring of transactions in a way that results in minimum tax outflows arising from Double taxation Avoidance Treaties between India and other countries . In Nut Shell we look after all the International Transactions and see to it that all your international transactions are well monitored and analysed in realtion to Tax matters.