How Can a NRI Register a Business in India?


How Can a NRI Register a Business in India?

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As a leading emerging economy, India is attracting a lot of investments from NRIs, Foreign Nationals and Foreign Companies. The country is slated to grow exponentially in the coming decades and is a very lucrative investment destination. A number of NRIs and Foreign Nationals have been investing in various sectors of the country, including financial services, IT, pharma and FMCG.

With the ease of doing business and faster approval processes, NRIs have been able to establish businesses in the country at a much easier rate than before. In this context, the government has also formulated several policies like 'Make in India' to encourage more and more businesses to come up in the country. This has helped create more employment opportunities in the country as well.

NRIs and Foreign Nationals can start a private limited company or an LLP as per the requirements of the Companies Act 2013. They can also invest in existing domestic companies, although there are certain caps on foreign investments as well as prior approval required by the RBI.

NRIs wishing to form a company will need to submit the following documents with the MCA portal. These include DIN (Director Identification Number), DSC (Digital Signature Certificate), PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number). These documents need to be attested by the Indian Embassy in the foreign country where the director lives and signed with a digital signature.

 


 

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