Strategies for Repatriating Funds from India

As India’s Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government

pushes reforms and encourages foreign direct investment (FDI) to boost the economy, more

and more foreign enterprises are looking to set-up shop in the country through offices and

manufacturing facilities. This makes it imperative for foreign companies to know how they

will repatriate their funds from India. The process to do so can be daunting for both foreign

businesses and expatriates living in the country alike.

While there are fewer restrictions on remitting profits than on remitting personal income,

there are still several procedures that are contingent on an entity’s investment model. It is

in companies’ best interest to keep up to date with the latest regulations and procedures of

remitting funds from India in order to ensure that funds are distributed abroad in a seamless

manner.

In this issue of India Briefing Magazine, we look at issues related to repatriating funds from India.

We highlight the unique regulations for sending funds back from India, examine the various

strategies companies can make use of while repatriating, and look at remittance procedures

for different types of Indian entities. Finally, we give some tips on how expats can remit their

Indian money to their home countries.

With its growing number of tax and accounting specialists, Dezan Shira & Associates India

can help clients set up operations and repatriate their funds. We hope that this issue of India

Briefing will give readers a better understanding of India’s unique repatriation processes while

considering the country as a business destination.

This Month’s Cover Art

Kalicharan Gupta

Metropolitan Series

Acrylic on canvas, 33x36 inches

Art Konsult

+91-11-65683083

artgallery.artkonsult.com

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India Briefing and related titles are

produced by Asia Briefing Ltd., a wholly

owned subsidiary of Dezan Shira Group.

Content is provided by Dezan Shira &

Associates. No liability may be accepted

for any of the contents of this publication.

Readers are strongly advised to seek

professional advice when actively looking

to implement suggestions made within

this publication.

Introduction