Do non-resident Indian citizens require permission of Reserve Bank to acquire residential/commercial property in India? The simple answer is no. According to the Reserve Bank of India (RBI) guidelines, Non-Resident
Do non-resident Indian citizens require permission of Reserve Bank to acquire residential/commercial property in India? The simple answer is no. According to the Reserve Bank of India (RBI) guidelines, Non-Resident
Will repatriation of the original investment and/or dividend income be freely permitted? This question is of significant interest to foreign investors who wish to understand the regulatory framework governing the
Can Indian companies grant loans to their NRI staff? This is a common question among businesses operating globally and employees who have been deputed overseas. The answer is yes, under
What are the various facilities available to NRIs/OCBs? cardholders are entitled to a range of facilities that allow them to manage their finances, investments, and property interests in India. These
Can foreign citizens of Indian origin acquire commercial properties in India? This question arises frequently among the global Indian diaspora interested in investing back in India. According to the rules
What is an OCB? An OCB, or Overseas Corporate Body, refers to a corporate entity that is predominantly owned by individuals of Indian nationality or origin who reside outside India.
Are OCBs required to produce any certificate regarding ownership/beneficial interest in them by NRIs?Are OCBs required to produce any certificate regarding ownership/beneficial interest in them by NRIs? This question often arises in the context of ownership
Who is a person of Indian origin? This question holds significant importance for individuals of Indian descent living abroad who wish to engage with India’s financial and real estate sectors.
Are any conditions required to be fulfilled if repatriation of sale proceeds is desired? The answer to this question is multi-faceted, involving specific legal and procedural steps that individuals must
Who is a non resident Indian (NRI) is a question often asked by individuals who have moved abroad for work, education, or other long-term purposes. In the simplest terms, a