Foreign Exchange Regulation

We can assist you with setting up of branch or liason office in India . We can also give you advice on Foreign Exchange Transcaitons , manage compliance , assit in external commercial borrowing and more

Foreign Exchange Regulations

Foreign Exchange Regulations have been liberalized over the years to facilitate remittance funds in and outside India. Government of India is changing these regulations on continuous basis to introduce ease in the remittance of Funds in India from foreign countries.
However, there are certain cases which require prior approval from the foreign regulatory authorities for foreign exchange transactions and remittances.
For operations of these regulations in India, one has to take key approval of Reserve Bank of India. RBI also regulates Foreign Exchange or Foreign Exchange Management Act, 1999 (FEMA) in India.
FEA is an important act which looks after the Indians who have gone outside India and for those foreign nationals who are working in India.

Foreign Exchange Regulation FAQ

Where in India FEMA is applicable ?
1. All the branches, offices and set up which are owned and controlled by a person resident in India (PRI)
2. All the branches, offices and set up which are owned and controlled by a person resident outside India.
3. It also includes all the regulations which have a direct impact on external trade and payments
What are key services provided by us ?
1. Assistance to the foreign companies in India for setting branch office, liaison office and project office along with the approaches required for initiating a setup.
2. Regulatory due diligence
3. Advice on Foreign Exchange Transactions.
4. We carry on clearance in connection with health checkup, regulatory risk analysis of past and present compliances from foreign exchange perspective.
5. Representation before authorities such as reserve Bank of India, Foreign Investment promotion board etc.
6. Assistance in representation for compounding matters and obtaining approvals for external commercial borrowing.
Which services are offered related to FEMA function ?
1. The banking operations with regard to type of bank account by a foreign national.
2. Investments in immovable property, shares in India by foreign nationals.
3. Procedure for remittance of salary outside India and other incomes like interest income, interest earned in India.
4. Foreign exchange regulations in respect of the assets acquired outside India before visiting India.
5. Repatriation outside India of the proceeds from sales of shares, immovable properties etc.
6. Procedure for obtaining a person of Indian origin card/ overseas citizenship of India.

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