What is the procedure for investment by NRI in a start up

944 votes

Consult a CA. He will guide through the clearance and other steps at RBI/Bank level. NRI will require to enter into certain SPAs and they will be filed with ROC. You may consult a corporate lawyer based in DDN. Alternatively, CA will guide you through this process as well. Lastly, for Tax, it will not be high. Miniscule payment will be involved.

Advocate Rishi Raj Sharma LawRato

987 votes

Hi! The NRI has to adhere with the fdi policy vis-A-vis the investment. This includes, he will have to adhere with sectoral caps, Invest thru nre/nro/fcnr Account. What is the key business of your company? Once the investment comes in, there is certain Rbi reporting that you will have to do within certain timelines. What country is the NRI from- is he from Bangladesh, Nepal or Pakistan? How do unsay that the investor is a NRI? Does he have a pio card?

I have been advising various India based companies with foreign investments and NRI investments. Let me have responses to a few questions that inhale raised here and we can take it forward From there.

Tnx

Advocate Mansi Airi Gambhir LawRato

947 votes

Under current startup scheme Indian government has decided that non-repatriable investments by NRIs, OCIs and PIOs will be treated as domestic investments and will not be subject to foreign direct investment caps. Investments by NRIs under under Schedule 4 of FEMA regulations will be deemed to be domestic investment at par with the investment made by residents. For understanding legal compliance and other requirement we need to understand and required details of your business model , MoU and sector you are going to work in, for record for e commerce startup govt has already approved 100% FDI. For details please write us or take appointment with lawrato to meet us.

Advocate Nischal Arvind Singh LawRato