NRI/FDI/Foreign Collaboration
Services to NRIs
We provide a full bouquet of Tax Services to Non-resident Indians (NRI’s), Returning Non-resident Indians (RNRI’s) & Expat’s who require absolutely exclusive services as each NRI will have unique requirements which require absolutely customized & transparent solutions delivered in a professional & timely manner.
We have an experienced team in dealing with international tax & finance and are possibly the best consultancy suited to your requirements in India.
A focused and comprehensive tax plan can make a real difference to the success of a business and to the personal finances of its shareholders.
Individuals have a host of tax-planning options available to them. An effective tax plan should consider available alternatives and be tailored to the needs of the individual.
We offer the following services :
Income tax and Other issues:
- Applying Permanent Account Number
- Filing Income tax returns
- Income Tax advice on capital gain and other issues
- Issue of Chartered Accountant for repatriation of NRI funds in India (Tax Clearance Certificates)
- Any specific advise required in relation to FEMA/RBI
Foreign direct investment (FDI)
- An investment made by a company or entity based in one country, into a company or entity based in another country is called foreign direct investment.
- Open economies with skilled workforces and good growth prospects like India tend to attract larger amounts of foreign direct investment than closed, highly regulated economies.
- The investing company may make its overseas investment in a number of ways - either by setting up a subsidiary or associate company in a foreign country, by acquiring shares of an overseas company, or through a merger or joint venture.
- Due to globalization, the importance of FEMA/RBI compliance has increased manifold. It includes chartered accountant’s certification for transactions prescribed in the FEMA/ RBI regulations, making prescribed applications to the Reserve Bank of India for various FEMA and RBI regulated transactions, and advisory services related to FEMA/RBI matters.
Services:
- Compliance with FDI regulations and getting regulatory approvals
- Compliance of the procedure including chartered accountants’ certification for repatriation of income/assets from India
- Transfer of shares from Indian resident to non-resident. etc.
- Filing of Form FC-GPR
- Yearly submission of FLA (foreign assets and liabilities) return
Outward direct investment (ODI)
ODI is a business strategy where a domestic firm expands its operations to a foreign country either via a green field investment, merger/acquisition and/or expansion of an existing foreign facility either under the automatic route or the approval route as per the RBI guidelines.
Services:
- Filing of form ODI duly supported by documents like the certified copy of the board resolution, statutory auditors’ certificate and valuation report, etc.
- Prior approvals from the RBI
- Evaluating the parameters for considering the proposals under the approval route, etc.
- Filing of Form FC-TRS
- Yearly submission of APR (annual performance report)