Can overseas citizen of india(oci) do business as proprietor

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This query is : Resolved

Bhargav Thakkar (Querist)

25 November 2016 Dear All,

A person who is OCI. He has no residence address in India.But he come frequently in India for looking after business. Can he do business here in India as proprietorship for trading/exporting garments?
Or what is the procedure he has to comply to start business in India?
If yes, then for GST Regn what address to be given for application?
is NOC from relative is sufficient?

Please reply ASAP.

Awaiting revert.Please

Thanking you in Advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

25 November 2016 Yes he can do proprietor business in India. PAN No. and address is required to register under GST. Rental agreement may be required. Register with Director General of Foreign trade in case of export and import business.

Bhargav Thakkar

Bhargav Thakkar (Querist)

25 November 2016 Ok.

Thank you very much for your revert sir.

Bhargav Thakkar

Bhargav Thakkar (Querist)

25 November 2016 But sir,

NOC from his brother in law is not sufficient for residence address?

Please advise.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

25 November 2016 You can't do business in residential address.

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