12 December 2013
Dear sirs is it possible for a resident in india to invest in & doing business outside india as per FEMA? is any conditions or restrictions for it kindly help me
12 December 2013
The resident Individual, Registered Partnership Firm and a Company can invest 100% of their capital under Automatic Route of RBI (earlier this limit was 400%)
For more investment (investment more than 100%) prior approval of RBI is required
An Individual can apply USD 75000 per person per year (4 such individuals can join together to make their total investment of USD 300000)
Sectors prohibited are real estate Real Estate and Banking
CAclubindia
