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FEMA Compliance
Expert FEMA compliance and RBI advisory for NRIs and foreign investors
What is FEMA Compliance?
📌 Overview
FEMA (Foreign Exchange Management Act) regulates foreign exchange transactions in India. HLAPL provides comprehensive FEMA compliance services for NRIs, foreign investors, and businesses including RBI approvals, FDI advisory, and DTAA benefits.
✅ Key Aspects
FDI compliance and approval, ODI compliance for overseas investments, ECB (External Commercial Borrowing) advisory, NRE/NRO/FCNR account compliance, Repatriation compliance, Foreign investment reporting to RBI, DTAA benefits advisory.
⚖️ Legal Framework
FEMA is governed by FEMA Act, 1999 and regulations issued by RBI. Violations can lead to penalties up to 3 times the amount involved. Regular compliance filings required for foreign investments.
Important FAQs
❓ What is the difference between NRE and NRO accounts?
NRE account is for foreign earnings, fully repatriable, interest tax-free. NRO account is for Indian income, repatriable up to USD 1 million/year, interest taxable. HLAPL advises on optimal account structure.
❓ Do NRIs need RBI approval for property purchase?
No, NRIs can buy residential/commercial property without RBI approval. Agricultural land, plantation property, farmhouse requires RBI and state government approval.
❓ What is DTAA benefit for NRIs?
DTAA (Double Taxation Avoidance Agreement) prevents NRIs from paying tax in both India and country of residence. HLAPL helps NRIs claim DTAA benefits and file tax returns.
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