Investing in unlisted shares by a resident foreigner
This query is : Resolved
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Rinku Datta
(Querist)
26 August 2024
Can a resident foreigner invest in unlisted shares of NSE? He used to stay in the US and has US citizenship, but has now moved back to India for good. He hasn’t relinquished his US citizenship, and continues to file taxes in India and US. Also has a demat n trading account with Icici direct and actively invests in the secondary market. How easy or difficult would it be for him to invest in unlisted shares of NSE?
CA R SEETHARAMAN
(Expert)
27 August 2024
He is resident of India filing ITR in india and paying taxes in India, so no problem he can invest in unlisted shares.
Rinku Datta
(Querist)
27 August 2024
Thanks so much for your response Mr Seetharaman! Appreciate it.
CA R SEETHARAMAN
(Expert)
27 August 2024
You are welcome...
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