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A Project Office is set up specifically to execute one contract awarded by an Indian entity. It exists only for the duration of that project. A Branch Office, by contrast, can conduct ongoing commercial activities in India on behalf of the parent. The PO is simpler, faster, and closes when the project ends.

Yes. RBI approval via an Authorised Dealer Category-I Bank is mandatory before operating. The application is filed through Form FNC. We manage the entire process — preparation, submission, follow-up — until approval is received.

Typically 4–6주 end to end — from document collection to your PO being fully operational. RBI processing (2–4 weeks) is the primary variable. ROC registration, PAN, bank account, and GST follow within 1–2 weeks after RBI approval.

Yes. Multiple Project Offices are permitted for different contracts. Each PO is separate, tied to its own contract and approval. We manage multiple POs for several clients — each with its own compliance track.

The Project Office must be formally closed — tax clearances obtained, final audit completed, liabilities settled, and closure applications filed with RBI and ROC. Alternatively, it can be converted into a Branch Office or Subsidiary if you wish to continue operating in India. We manage the full wind-down.

Yes. A Project Office can hire Indian employees directly. We set up PF and ESIC registrations, payroll, and ensure full labour law compliance from day one.

A Project Office must file an Annual Activity Certificate with the AD Bank, annual income tax return, statutory audit, monthly TDS, and GST returns. RBI approval is project-duration based but extensions require fresh applications. Mercurius manages all of this — no deadline is ever missed.