global education, business expansion, and asset diversification. Investment migration programmes in various countries offer Indian investors the opportunity to move abroad by making requisite investments. While evaluating migration programmes, you should consider Indian exchange control regulations governing foreign remittances.
Relocation involves complex tax challenges at both individual and business levels. A well-structured investment plan is crucial to avoid unexpected issues that could impact return on investment. Even if you have sufficient funds to invest in your dream location, you may not be able to remit it all, unless specifically permitted under the Foreign Exchange Management Act (Fema).
The Liberalized Remittance Scheme (LRS) under Fema allows all residents to freely remit up to $250,000 per financial year for permissible transactions. However, investment programmes requirements often surpass this limit, necessitating a strategic investment approach for eligibility, such as: You can remit up to $250,000 in two instalments, one by the end of the current fiscal year and the second at the beginning of the subsequent fiscal year; You, your spouse, and close relatives can each remit up to $250,000 annually; With prior approval from the Reserve Bank of India, you may remit funds abroad in excess of the limit of $250,000. and corporate investments under overseas investment regulations may allow higher investments but check host country acceptance for individual investment migration schemes.Read more on livemint.com