How Can a Non-Resident Indian Register a Business in India?
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With India becoming a hub of global companies and the government encouraging foreign investment, there has never been a better time to start a business in the country. However, despite the many benefits, there are still certain rules and regulations that need to be followed. In this article, we'll discuss how a NRI can register a business in India and what kinds of businesses are allowed.
NRIs are Indian citizens who have settled abroad for employment, business or a host of other reasons. They are considered Non-Resident Indians under the Foreign Exchange Management Act (FEMA) and the Income Tax Act. Those who have a PIO card or OCI are also considered NRIs but they have limited privileges with regards to their investments and business activities in the country.
To become a director in an India-based company, one must obtain a DIN and DSC from the Ministry ofCorporate Affairs. This is a relatively straightforward process, but the documents must be notarized and apostilled from the Indian Embassy in your country of residence. Additionally, the company must register for a PAN and TAN number, and it must comply with all other laws and regulations governing running a business in the country.
The good news is that there are now a number of online services that can help you set up a business in India as a NRI. These services can handle all the legal documentation, registration processes and compliance with government laws and regulations. Some of these services even offer advice and support from experienced professionals, making it easier than ever to establish a business in India.
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