Hi,
A friend of mine wants to open a company in the USA. It will be owned by him directly and is not a subsdiary of his company in India as he doesnt have a company here.
Is there any RBI approval required to open a company abroad in the case of Individuals ?
Please let me know.
Find details in Following link:
https://www.rbi.org.in/scriptts/FAQView.aspx?Id=32
If you are referring to this :
https://www.rbi.org.in/scriptts/FAQView.aspx?Id=66
I have already checked that. Does it mean that an Indian cannot start a foreign company ?
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