Business set up
Querist : Anonymous
Q.1 Being a Resident Indian, Can he form a proprietary company out of India without prior permission from RBI?
Q.2 Necessary formation cost of the Concern will be remitted from India? Can he do this ?
Q.3 further working capital for business will be availed from the banks in UAE?Can he do this ?
Q.4 Can he run the the business with more time staying in India - under FEMA
Q.5 Whether he will be liable to pay tax in India on the profits of the UAE company- and if yes will he get the advantage of DTAA
Please give answers with relevant provisions of both the Acts.
Regards,
Querist : Anonymous
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