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Adullam IncorporationADULLAM INCORPORATION
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Branch office

Approval: RBI approval via AD bank (Form FNC) → ROC registration (FC-1)

Part of the Korean parent carrying out permitted activities in India. Not a separate company; the parent is liable. Activities are limited to items such as import/export, consulting and IT services. Requires five years of profits and net worth of USD 100,000+.

Can and can't do

AllowedOfficial

Import, export and wholesale

Import/export of goods and acting as buying or selling agent.

Source: rbi.org.in · checked
AllowedOfficial

Consulting, professional and IT services

Can earn revenue from listed services.

Source: rbi.org.in · checked
AllowedOfficial

Remitting profits to Korea

Post-tax profits remittable with audited accounts and CA certificate.

Source: rbi.org.in · checked
ConditionalOfficial

Manufacturing inside an SEZ

Allowed for standalone SEZ units in 100% FDI sectors.

Source: rbi.org.in · checked
Not allowedOfficial

Manufacturing outside SEZs

No manufacturing or processing, directly or indirectly.

Source: rbi.org.in · checked
Not allowedOfficial

Retail trading

Retail trading is not allowed.

Source: rbi.org.in · checked

RBI/MCA steps & deadlines

AD bank due diligence, Form FNC
Source: globallawexperts.com ·
AD bank
RBI approval with UIN
Source: globallawexperts.com ·
RBI
Foreign company registration FC-1
Source: setindiabiz.com ·
MCA
Report to the state Director General of Police (Annex 4)
Source: rbi.org.in · checked
State police
PAN, TAN, GST and bank account
Source: globallawexperts.com ·
Tax · bank

Documents

  • Form FNC via AD bank
  • Parent's incorporation certificate and articles (English, apostilled)
  • Five years' audited accounts (profitable, net worth USD 100,000+)
  • Subsidiaries below criteria: parent's Letter of Comfort
  • Board resolution, POA for India representative, bank due diligence

Tax

Taxed as a foreign company: 35% plus surcharge (2% for ₹1–10 crore, 5% above) and 4% cess. No dividend tax when profits go to the parent.

Source: khaitanco.com ·

Costs

FC-1 fee (on time)₹6,000Official Source: setindiabiz.com ·
FC-1 late2× up to 30 days, up to 12× after 180 daysOfficial Source: setindiabiz.com ·
Professional feesExample: quoted for RBI application, FC-1 and tax registrationsExample

Timeline

To RBI approvalTypically 6–8 weeks if documents are in orderOfficial Source: india-briefing.com · checked
ValidityNo fixed term (annual activity certificate)To confirm Source: rbi.org.in · checked
PROPERTY

Branch premises via Adullam Property

Branches may buy property needed for business (prior RBI approval for some countries); leases are usually up to five years.

Open Adullam Property →

Recent cases

Reported cases plus illustrative examples within real ranges; examples are labelled.

· Business InsuranceOfficial

Korean Reinsurance set up a branch in GIFT City, Gujarat, planning full operations from April 2026.

Read source →
Example

Illustrative: a branch importing the parent's equipment, selling and supporting customers.

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Phone+82-10-7641-4018
KakaoTalkceo_adlconsulting
Emailliminae@adullamcorp.com
WhatsApp+82-10-2991-4018
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Branch Office · Adullam Incorporation