one of my client registered their one Indian subsidiary in Dubai in Dec 2022.
share holding 100% of parent Indian company (pvt ltd)
ONE director's are same for both Indian and LLC -authorised one
another director is Dubai residence.
now I just want to know that how can I start transaction between Indian company to LLC
I want to do transaction as per below:-
1) share capital 150000 AED (pvt ltd to LLC)
2) payment of professional fee for formation (LLC to consultant)
3) PVT LTD TO LLC FOR INVESTMENT (like puchase of land)
4) LLC to pvt ltd for pvt ltd expenses , requirement.
plz suggest for any tax liability, invoice, documents, etc is need to prepare to do this.
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Outward remittance Indian pvt ltd to DUBAI LLC
Replies (3)
The transaction between the Indian company (Pvt Ltd) and its Dubai subsidiary (LLC) will need to follow the relevant laws and regulations in both India and the UAE.
RBI LRS allows Indian residents to freely remit up to USD $250,000 (about 2Cr) per financial year for current or capital account transactions or a combination of both. So 150000 AED and associated charges will be covered.
You will most probably have to declare in Income Tax Schedule FA regarding the ownership interest in next filing.
Ok thank you
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