SEO Sai Gr. Hosp.
196537 Points
Joined July 2016
1. A NRI or a PIO residing outside India is allowed to do business in India as a sole proprietor. However, the person should make investments on a non–repatriation basis, subject to satisfaction of certain other conditions. However, an NRI or PIO cannot invest in a proprietary concern, that is engaged in any agricultural or plantation, real estate business or print media sector, even on a non-repatriation basis.
2. An NRI or PIO residing outside India is allowed to invest in a partnership organization in India. However, such investments should be made on a non–repatriable basis, subject to the satisfaction of certain other conditions. However, NRIs or PIOs can make investments in a partnership firm with repatriation benefits after obtaining the approval of the RBI. An NRI or a PIO cannot invest in a partnership concern that is engaged in any agricultural or plantation or real estate business, or in the print media sector.
Refer: nri-can-open-sole-proprietorship-in-india