How Can a NRI Register a Business in India?


How Can a NRI Register a Business in India?

"Call Our Business Plan Experts at +91-72999-72500"

NRIs, Foreign Nationals and foreign companies are investing in India at a rapid pace as the economy is booming. This investment is fuelling the economy and providing many opportunities for businesses to thrive in this country.

The question that many ask is "How can a NRI register a business in India?" An NRI is an individual who has Indian citizenship but lives outside of the country for some reason. This may be for work, education or family reasons. These individuals are defined by FEMA and the Income Tax Act and must comply with both regulations in order to invest or start a business in India.

If an NRI wants to start a proprietorship, they must register the business and obtain a PAN card. They must also register with the Ministry of Corporate Affairs and obtain a certificate of registration from the Registrar of Companies. They must open a bank account and obtain a Digital Signature Certificate (DSC) in order to file necessary documents and declarations with the Registrar of Companies.

NRIs can also invest in a Private Limited Company or Limited Liability Partnership as these entities are subject to less restrictive guidelines than a sole proprietorship. They must still comply with FEMA/FDI/RBI and Income Tax regulations but for the most part, the requirements are a fraction of what they would be if the NRI were starting a sole proprietorship. NRIs wishing to form a company will need to submit the following documents with the MCA portal.  FDI in a LLP requires prior approval from the RBI while for a private limited or public limited company, it is available under the automatic route up to certain sector-wise limits.

 


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