Documents or procedure to start business by NR
This query is : Resolved
30 October 2023
what is the procedure and Documents required by Non resident to start Migration business in India ?
30 October 2023
NRIs and Foreign Nationals must always choose to invest or start a Private Limited Company or Limited Company in India. Business entities like Private Limited Company and Limited Company only allow for Foreign Direct Investment (FDI) into India under the automatic route. NRIs and Foreign Nationals are not allowed to invest or start a Proprietorship or Partnership or One Person Company in India, while FDI in LLP requires prior approval from the Reserve Bank of India.
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