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Any taxes to be paid to transfer funds from UAE for my business?


29-Dec-2023 (In Tax Law)

Dear Sir, I am an NRI residing in UAE and wish to set up a business in India. I would like to know whether there are any restrictions(taxwise) for trasferring my funds from UAE to India in order to buy an office and other resources that will be required for setting up the business. Also whom can I contact for further assistance? 

Answers (3)

Answer #1
807 votes
Dear Sir, Thank you for your query. We have certain criterias to be fulfilled under the Foreign Direct Investment (FDI). We are require to understand the Sector you want to enter into in India. Request you to provide us with more details so that we can assist you. Thanks Saurabh
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Advocate Saurabh Kumar

Adv. Saurabh Kumar

LawRato Delhi | 25+ Answers
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Answer #2
631 votes
Hello- there can be potential liability- since it's important to disclose the source of the money- however a lot depends on which provision is being applied and the usage of the money- capital/rent/use of the office- and the subsequent income being generated. Please feel free to contact me for further details. Once I have more details- I can render an opinion accordingly. Thanks
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Answer #3
833 votes
your income completely income tax exempted. so it is advised you to transfer the money before leaving UAE. you may set up any business here in India, but when you earn here India through your business, you have to pay tax accordingly. you may contact me for future advise.
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Advocate Tashriq Ahmad

Adv. Tashriq Ahmad

LawRatoDelhi | 5+ Answers
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