Partnership between one indian and two usa citizen

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Ravikant Sinha (Querist)
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21 December 2012 I want to open a partnership firm with three partners, one Indian and two others are USA citizen.
Can anybody suggest how we can do that.?

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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22 December 2012 Partnership with foreign citizens is not permitted under FEMA.

Anuj
femaquery@gmail.com

Ravikant Sinha

Ravikant Sinha (Querist)
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22 December 2012 Thank you Mr. Anuj,can you suggest me what kind of company we can open?
What would be the percentage of partnership for Indian partner?
Thanks

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