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Fema

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(Querist)
12 December 2013 Dear sirs
is it possible for a resident in india to invest in & doing business outside india as per FEMA? is any conditions or restrictions for it kindly help me
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CA Kedar Sakhardande

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CA Kedar Sakhardande (Expert)
12 December 2013 The resident Individual, Registered Partnership Firm and a Company can invest 100% of their capital under Automatic Route of RBI (earlier this limit was 400%)

For more investment (investment more than 100%) prior approval of RBI is required

An Individual can apply USD 75000 per person per year (4 such individuals can join together to make their total investment of USD 300000)

Sectors prohibited are real estate Real Estate and Banking

Refer latest ODI policy

https://www.rbi.org.in/scripts/FAQView.aspx?Id=32
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