Dear all,
I am needing an advice. I am living outside India since last 8 years and now planning to come back to home. I am thinking to start a manufacturing unit with my savings. I am planning to start either Pvt Ltd / LLP depending upon the ease of procedures and filing requirements. However, despite google search, I am struggling to get a clear picture on certain aspects for starting the company . As I will be investing my hard earned savings, I want to know few things. Hope you can guide me.
a) Can I start a company in India?
b) Will I be considered as NRI even after I am returning for good?
c) Do I need to have Indian Resident as a director / partner in my Startup?
d) The amount I will be investing in my Startup, will it be termed as FDI? Do I need to take approval from RBI?
e) Can I give loan to my Startup?
f) Are there any special provisions for returning NRIs who want to start a business?
Thanks in anticipation.
Best regards
Nikhil
CAclubindia
