How Can a Non Resident Indian (NRI) Register a Business in India?


How Can a Non Resident Indian (NRI) Register a Business in India?

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


In this article, we will explore how a Non Resident Indian (NRI) can register a business in India. We will also look at some of the registration compliances that an NRI must keep in mind.

A NRI is an Indian citizen who lives outside India for an uncertain period of time. This may be for work, studies or a permanent move away from home. There are several services that help NRIs start their own businesses. These services include preparing the necessary legal documents, registering the company, and setting up bank accounts. Some of these services are free and some charge a fee.

One of the most popular ways for NRIs to start a business is through a sole proprietorship. There are a number of online services that can assist with this process. These services can provide a range of other services for NRIs, including helping them obtain a PAN card and filing taxes.

Another option for NRIs is to set up a private limited or an LLP. Both of these are popular options for NRIs due to their flexibility and ease of incorporation. Both of these types of companies can be invested in by NRIs via the automatic route without prior approval from the RBI, though certain sector-wise caps do apply. NRIs wishing to form a company will need to submit the following documents with the MCA portal. However, it is important for NRIs to remember that if their company receives any FDI investments then they must comply with the applicable guidelines and regulations regarding repatriation of profits and capital.

 

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