Investment routes to savings. Like residents, non-residents too can choose the entity to invest in their hard-earned money. There are three channels through which they invest which are NRO, NRE and FCNR accounts.
Secondary market can be their preference to deposit their money in equity shares and convertible debentures. Besides, there is a 24% and 40% scheme under which the NRIs investment is allowed into shares, preference shares, equity, real estate and convertible debenture. Only non-agro land investment is approved by the government to invest upto 24% in it while convertible debenture investment can exceed upto 51%. Non-convertible debentures can also be their preference for investment. But only 11% to 12% return can harvested as fixed income with marginal tax payment. Mutual fund investment can be their cup of tea which would be fully repatriable. On the contrary, domestic fund investment is allowed to them but it is non-repatriable if they deposit in non-banking finance company (NBFC). Government bonds can also be bought by them. The money can be channelized through NRE/NRO/FCNR account. But the cap of $ 1 million is applicable in this case. Apart from these, spending money to purchase any non-agricultural property is allowed to them.
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NRIs can invest in residential real estate and commercial real estate. They can avail of loans in India to buy property. NRIs are not allowed to invest in farms, agricultural land, and plantations.
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10/10/2023 04:04:09 pm
Quick and easy company registration services streamline the process of establishing a new business entity. They simplify the necessary paperwork, legal formalities, and documentation required to start a company, making it accessible to entrepreneurs and businesses. These services often provide online platforms, step-by-step guidance, and expert support to ensure a smooth and efficient registration process. By minimizing bureaucratic hurdles and expediting registration, they enable businesses to focus on their operations and growth objectives without undue administrative burdens.
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