Dear All,
I have to know whether there is any restriction on transfering funds from India to UAE for construction projects.
2 Replies
rvsekar2000
(212 Points)
Replied 31 January 2011
Hello,
Please visit my blog
https://rvseckarfema.blogspot.com/2010/09/all-about-investment-by-indian-company.html and read the article titled How much an Indian company can invest in its JV or WOS in abroad.
As an Individual , you can invest $ 200000 per financial year . Plese read the following article in my blog
https://rvseckarfema.blogspot.com/2010/09/how-much-indian-resident-can-transfer.html
Regards
R.V.Secka
Pl do visit my blogs :
https://rvseckarcompanylaw.
https://rvseckarfema.blogspot.
https://rvseckarindianlaws.
Apurv Hirde
(accountant)
(30 Points)
Replied 05 February 2011
No their no restriction on tranfer of fund for project as u will be tranferring money on behalf and under name of company through it bank account . just check with bank that is their any other fema compliance
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