Yes, NRIs can do Business in India, as approved by the government of India, and foreign nationals to make investments in India to attract foreign direct investments (FDI) under the Foreign Exchange Management Act, 1999 (FEMA) regulations. For an NRI, a private limited company can have up to 200 shareholders, and a public limited company can have an indefinite number of shareholders.
For an NRI to start a business in India, the NRI has to complete the company registration in India by following the process given below.
After the verification of documents and the application, the registrar will issue the registration certificate.
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Here is the list of documents that you will require to apply for the registration of a company.
The documents for company registration by a foreign national living in India for a company in India are:
All the documents must be notarized by a public notary.
The documents required for the registration of a company by a foreign resident are:
The documents required for the company registration by the NRIs in India are: