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Foregin exchange management act

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(Querist)
03 December 2011 Can an NRI become a partner in a firm carrying on business of civil construction.
Please guide on this
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Jagga Rao Malipeddi

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Jagga Rao Malipeddi (Expert)
04 December 2011 There are no restrictions. The income out of this business should be through NRO account. It can not be deposited in NRI account. Please also see the following link:
http://www.nriindia.net/start-business-in-india.html

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