Category: FEMA
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Indian Resident Individual planning to Incorporate in US? Ensure Compliance with Indian FEMA Law
With the rise in Indian solopreneurs, consultants, freelancers, and startup founders expanding operations globally—particularly in the United States—creating an overseas business entity like a Delaware C-Corp or LLC is a common route. However, if you are a resident in India as per FEMA (Foreign Exchange Management Act), any such investment or incorporation overseas must be…
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FEMA Implications on NRI Gift Transactions: A Scenario-wise Analysis
Lot of times NRIs wish to make a gift to their relatives or friends or a reverse way, a resident wants to send money overseas to NRI relatives. It is here that very few people know that such transactions are regulated under FEMA. Under FEMA, RBI has delegated compliance responsibility to the Authorised Dealer Banks…