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FAQs

Functional Areas

Q Do I still retain NRI status if my citizenship changes from Indian to Dominican?

Published on: Sep 08, 2010, Last updated on: Sep 08, 2010
Categories:Functional Areas, Returning Indian Facilities , Source: Knowledge Partner

Q Want to invest in manufacturing and selling of electronic machines for textile weaving. Initially to target domestic market, but later the export market. Is 100% equity holding allowed for an NRI? What about repatriation of investment and profits?

Published on: Sep 08, 2010, Last updated on: Sep 08, 2010
Categories:Investment Instruments, Direct Investment, Functional Areas, Repatriation, Doing Business in India , Source: Knowledge Partner

Q I am thinking of applying for Overseas Citizen of India. I was born in India but am currently holding British Nationality. Does having an OCI exclude me from British protection when in India?

Published on: Sep 08, 2010, Last updated on: Sep 08, 2010
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q What are the procedures for a PIO to repatriate matured P.S.U.bonds?

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Functional Areas, Repatriation , Source: Knowledge Partner

Q I bought a property in 2005 and sold it in 2009 at a difference of Rs 20 lakhs for Rs 40 lakhs. If I repatriate this amount to the US, am I liable for any tax? What is the procedure to repatriate money to the US? I am an OCI card holder.

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Functional Areas, Repatriation, Taxation , Source: Knowledge Partner

Q I understand I can buy a residential or commercial property as an NRI resident of UK. Am I allowed to repatriate the funds if and when I sell any of my properties in India without prior permission from the Reserve Bank of India?

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Functional Areas, Repatriation , Source: Knowledge Partner

Q We are a team of NRIs looking to start medical healthcare services for aging NRI parents in India. What are the procedures? Can you provide the number of NRIs living - by country - with parents in India and relevant immigration rates?

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Healthcare, Functional Areas, Doing Business in India

Q I am looking details of the procedure and approximate cost involvement for starting a company in India. The business to be able to operate in all cities but will have the HO in Panaji, Goa.

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Investment Instruments, Direct Investment, Functional Areas, Doing Business in India

Q I am an expatriate Indian, now a citizen of Australia. I am looking to invest around 25% in a new private limited company being incorporated in India via my wholly owned Australian company (Pty Ltd). Can you tell me what the procedure is?

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Investment Instruments, Direct Investment, Functional Areas, Taxation , Source: Knowledge Partner

Q Can an NRI returning back to India, continue to hold his foreign earnings overseas, and gradually bring the money back to India as and when required?

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Functional Areas, Returning Indian Facilities, Taxation , Source: Knowledge Partner

Q I am an NRI practicing dentistry in the US for the past 28 years. I wish to move back to India and practice dentistry in Karnataka. Please provide me the links and advise to start this process.

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Functional Areas, Returning Indian Facilities

Q If an OCI who also holds a British passport comes to India and starts a company, would he be permitted to do so? Under what provision of the law? Would he have to give up his British passport?

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Investment Instruments, Direct Investment, Functional Areas, Doing Business in India , Source: Knowledge Partner

Q Persons of India origin are very concerned about the proposed higher TAX for NRIs/PIOs in the Direct Taxation bill proposed in April 2010.

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q Can an OCI card holder be appointed in a nominated position like corporation chairperson or bank director by Indian Government?

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q Can an OCI card holder from UK stay in India forever? Does he have to go to UK every 2 years to make an entry and save his British nationality?

Published on: Apr 08, 2010, Last updated on: Apr 08, 2010
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

OIFC is a not for profit public private initiative between the Ministry of Overseas Indian Affairs (MOIA) and the Confederation of Indian Industry (CII) aiming at expanding the economic engagement of the Indian diaspora with India.

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