08 November 2013
1) How to make overseas direct investment(ODI) in subsidiary co in Dubai by Indian holding co? What is the procedure to be followed in India regarding ODI? 2)Wanted application Form of ODI? 3)How to bring back to India the profits earned in dubai Branch next year?Whether Profits can be brought as Dividends without paying tax or Profits can be directly transferred to Holding Co?
22 November 2013
For making ODI investment ,there are few things you need to consider. The investment can not be more than the 100% of net worth of the Indian company. There are prescribed method of funding of overseas investment.
Form ODI (follow the link for the form https://rbidocs.rbi.org.in/rdocs/content/pdfs/11MJV2901613_A.pdf) is required to be submitted to RBI (depending on route it shall be prior or post)
Loan registration Number shall be required to be obtained.
Since the company (holding)is registered in India, its global income is taxable in India. DTAA between India and Dubai should be checked for any treaty benefit.
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