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Partnership (NRI’s)
All you know about Partnership (NRI’s)
Partnership business is easier to
establish with low start-up cost and it is ideal for the small entrepreneur(s)
wants to start partnership business. In this form of organisation, few
like-minded person pool up their resources to form a partnership firm.
Partnership is an ideal form of organisation for medium scale business
operations which require greater amount of capital and risks than sole
proprietorship.
Foreign Investment : There is no restriction for NRI to become partner in Indian partnership firm and contributing to the capital in firm. However there are two ways to infuse capital i.e. one is on repatriation basis (prior approval of RBI) and second is on non-repatriation basis (automatic route by FCNR/NRE/NRO account subject to sectoral restrictions.
Non-Resident
Indian: Citizens
of India, holding Indian Passport, immigrated to any other country for six
months or more. A Non Resident Indian (NRI), being an Indian citizen living
abroad possesses a number of opportunities for investment in India. One of the
director/Partner needs to be a resident in India in order to register in
Partnership.