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Any Indian Party can carry out business outside the country subject to the fulfillment of the conditions as contained in the Foreign Exchange Management Act, 1999 and the related notifications/circulars issued by the Reserve Bank of India.
The various modes are Automatic Route and Approval Route depending on the sector for investment and the f...
Wazzeer Professional Network
ProfessionalCan an Indian person open a proprietorship business outside of India?
-
Wazzeer Professional Network
ProfessionalAny Indian Party can carry out business outside the country subject to the fulfillment of the conditions as contained in the Foreign Exchange Management Act, 1999 and the related notifications/circulars issued by the Reserve Bank of India.
The various modes are Automatic Route and Approval Route depending on the sector for investment and the form of the entity making the investment. An individual or sole proprietorship cannot, however, carry out any investment outside the country in any sector under the Automatic Route and would have to take necessary approvals under the Approval Route for all Sectors. Therefore, there is no bar in carrying out business outside the country through a sole proprietorship subject to the fulfillment of the approvals and conditions mentioned above.
We can help you kick-start your business seamless, all you have to do is ->"Get your Wazzeer"
over 3 years ago
View answer
Can an Indian person open a proprietorship business outside of India?
-
Wazzeer Professional Network
ProfessionalAny Indian Party can carry out business outside the country subject to the fulfillment of the conditions as contained in the Foreign Exchange Management Act, 1999 and the related notifications/circulars issued by the Reserve Bank of India.
The various modes are Automatic Route and Approval Route depending on the sector for investment and the form of the entity making the investment. An individual or sole proprietorship cannot, however, carry out any investment outside the country in any sector under the Automatic Route and would have to take necessary approvals under the Approval Route for all Sectors. Therefore, there is no bar in carrying out business outside the country through a sole proprietorship subject to the fulfillment of the approvals and conditions mentioned above.
We can help you kick-start your business seamless, all you have to do is ->"Get your Wazzeer"
over 3 years ago
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