Business Set up Outside India
When a business flows globally it is bound to be successfully assisted by professionals. Relocating your existing business or setting up business outside India is more of a challenging task that requires proper financial planning, knowledge of marketing policies, tax incentives, and a few jurisdictions. Resorting to business set up outside India reflects upon an individual’s clear vision of optimizing the resources, manpower, and technology for establishing a firm place internationally.
Foreign Exchange Management Act (FEMA) re-designed the whole perspective of foreign exchange especially those related to investment abroad. All the applications for businesses set up outside India require approval by the Reserve Bank of India. We provide a single solution for the smooth establishment of business set up outside India undergoing all the legalities. Under the Liberalized Remittance Scheme (LRS) the Indian companies are permitted to open companies abroad and can invest in the shares which were clarified specifically in the circular.
RBI might seek submission of audited accounts of the company incorporators within 3 months. Another way in which the business owners can set up business outside India is through Overseas Direct Investment. Investment under Automatic Route by contributing to the capital or subscribing to the foreign entity memorandum. By either purchasing the shares or through a subscription to the new capital set up abroad, one can smoothly run a business outside India. Our proficient experts help you set up business outside India through our tailor-made services which aim at hassle-free business set up outside India.
Resident Indian made Investments outside India/abroad:
Residents have been permitted to trade freely in movable or immovable properties outside India for quite some time. Currently, citizens can make foreign investments of up to US$ 200,000 each fiscal year.
These investments may be decided to make for the buy of immovable properties or the acquisition of shares; bonds and even foreign currency deposits. It can be indicated that investment is not permitted for speculative transactions such as foreign currency buying and selling; horse racing, betting, etc. Investment decisions may also be taken in wholly-owned corporate entities whereby resident individuals can be routed into such a special purpose investment vehicle by resident family members or friends and partners, but the income tax concerns of these SPVs need careful consideration. Outflows are also allowed for current account transactions, such as schooling or medical costs to any family member or acquaintance, as well as valid gifts to relatives or colleagues.