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Investment in abroad

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(Querist)
19 March 2008 Can an Indian Citizen have investment in abroad? Can he invest in immovable assets abroad? If so, what are the provisions that are given by RBI?
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CA Pattanayak

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CA Pattanayak (Expert)
19 March 2008 Indian Citizen can invest in Abroad.

Refer FEMA guidelines.
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Priyanshu

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Priyanshu (Expert)
20 March 2008 Yes Indian Citizen can invest in abroad. The limit set is around US $ 200,000
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