Investment Avenues for NRIs (PART 2) Investments without repatriation benefits. Upto 100%. Investments Capital contribution upto 100% in any proprietary or partnership concern engaged in industrial/ trading/ commercial activity except agricultural/ plantation or real estate business (not open to OCBs). The principal amount is non-repatriable. Subscription to shares/ convertible debentures of Indian companies not engaged … Continue reading »
Tagged with NON RESIDENT INDIANS …
Investment avenues for NRIs (PART 1)
Investment avenues for NRIs (PART 1) Investments with repatriation benefits. 100% scheme Industries Equity in new industries/expansion/diversification of existing industries listed as high priority industries; Indian company to obtain RBI approval Investment in trading companies primarily engaged in exports (registered with Directorate General of Foreign Trade as Export/ Trading House/ Star Trading House/ Super Star … Continue reading »
Bank Accounts for Non Resident Indians (NRI)
Different types of Bank Accounts for Non Resident Indians – Non-Resident(External) Rupee Accounts (NRE Accounts) NRIs, PIOs, OCBs are eligible. These are rupee denominated accounts. Accounts can be in the form of savings, current, recurring or fixed deposit accounts. Accounts can be opened by remittance of funds in free foreign exchange. Foreign exchange brought in … Continue reading »
NRI Investments.
Non-Resident Indian(NRI)? Indian citizens who stay abroad for employment or for carrying on any business or vocation or for any other purpose in circumstances indicating an indefinite period of stay outside India. Indian citizens working abroad on assignments with foreign Governments, Government agencies or international/multinational agencies like United Nations Organisation (UNO), International Monetary Fund (IMF), … Continue reading »
