Response to this Question

    'A' can make investments or operate his business in India in the following ways:

    Branch/ Liaison office with prior permission of RBI (profits of the branch can be freely repatriated). Indian company- 100% wholly owned subsidiary/ Joint Venture on repatriation and non-repatriation basis without permission of RBI in most of the sectors. For investments on repatriation basis, the prohibited sectors include retail trading, domestic wholesale trading and print media besides a few others.
    Partnership firm/ Proprietorship concern on non-repatriation basis (income freely repatriable) in any activity except agriculture, plantation and real estate (other than real estate development) without permission of RBI. It is significant to note here that now even sale proceeds of investments held on non-repatriation basis can be repatriated up to USD 1 million per calendar year. See Investment opportunities for more on investment through Indian companies.

Date : 16-Nov-2019 

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