NRI - Sole-proprietorship firm in India

Sanyam Jain (5 Points)

09 September 2021  

Hello,

I currently operate a sole-proprietorship firm in India, and for this FY [2021-22], I will be deemed 'NRI'.

I have read and heard conflicting information about whether an NRI can operate a sole-proprietorship firm in India. Can someone please confirm if I as an NRI can continue to operate my firm and if yes, based on which regulation and/or rule is it permitted [citation is needed], and which other regulatory requirements would I need to be mindful of?