Foreign Direct Investment (FDI) refers to investments made by a company or an individual based in one country into a business located in another country. In the case of India, FDI refers to investment made by foreign companies or individuals into Indian businesses. FDI in India has been an important driver of economic growth and …
The Non-Residential External (NRE) account is a type of savings or current account specifically designed for Non-Resident Indians (NRIs). It allows NRIs to maintain their savings in India while they are living abroad. The funds held in an NRE account are held in Indian Rupees and are fully repatriable, meaning that the NRI can transfer …
Non-Resident Indian (NRI) is a term used by the Reserve Bank of India (RBI) to describe a person who is resident outside India but is a citizen of India. The RBI has set certain regulations for NRIs regarding their banking activities in India. According to the RBI, NRIs can be joint account holders in a …
Continue reading “NRI Joint Account – NRI Can Open Joint Account with Resident of India”
Liaison office is set up by a foreign company in India to carry out the liaison activity for its business. The company cannot have any revenue for the Indian Liaison office; It has to meet all its expenses of Indian office through remittances from the Head office. The Liaison office is not allowed to earn …
