FDI or Foreign Direct Investments is an investment in the form of controlled ownership in a business in another country. There are two routes by which India gets FDI. 1. Automatic route: By this route, FDI is allowed without prior approval by Government or…
Key Regulations and Concepts for NRI Investments in India FEMA (Foreign Exchange Management Act, 1999) FEMA aims to consolidate and amend laws related to foreign exchange, facilitating external trade and payments, and promoting the orderly development and maintenance of the foreign…
Popular Accounts for NRIs in India: NRE, NRO, and FCNRNRE (Non-Resident External) AccountNature: External account, fully repatriable in foreign currency.Purpose: Maintain funds in Indian rupees converted from foreign currency.Types: Can be opened as savings, recurring, or fixed deposit accounts.Tax Benefits:…