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Buying shares in a foriegn county

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(Querist)
30 May 2012 Can A person Buy Shares in a foreign country staying there more than 1 year and having a Bank Account in the same country.If yes then wat are the formalities required for the same issue.
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Vishal D Shah

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Vishal D Shah (Expert)
31 May 2012 Yes. Indian residing overseas can invest in foreign company shares.

LRS scheme is available for investment upto USD 2 mn per financial year to resident individual.

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