German citizen becoming a trustee
This query is : Resolved
S. Devadoss
(Querist)
05 November 2011
Dear All,
Whether a German Citizen (Overseas Indian) can become a Trustee or Founder in India, also whether he can buy properties in his name in India.
Any Experts can give me the opinion.
Whether a German Citizen (Overseas Indian) can become a Trustee or Founder in India, also whether he can buy properties in his name in India.
Any Experts can give me the opinion.
CA. Anuj Gupta
(Expert)
06 November 2011
Yes German Citizen can become a trustee in India but the TRUST shall not be able to get FCRA and other Govt. approvals.
Purchase of Property- Yes after the German Citizen becomes resident as per FEMA.
Anuj
+91-9810106211
femaquery@gmail.com
Purchase of Property- Yes after the German Citizen becomes resident as per FEMA.
Anuj
+91-9810106211
femaquery@gmail.com
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