Hi, I wish to open an LLC in Dubai UAE. This company will operate business in Dubai. Me and my dad will be partners in this company. Are there any regulations from the Indian Govt., RBI etc that I need to take any permissions from them to open a company abroad or can I just go ahead and register my company there? Regards
Are you remitting any money outside India?
Other than above the only issue would be taxation of profit of such LLC in India other than that there wont be any issue.
Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.
Thank you.
Hi,
There is no approval required if the investment is less than usd 2.5 lacs as it comes under LRS scheme.
You may have to file few forms with the RBI and your banker bht its mire like FYI rather than an approval.
Also, you need to file one annual return to RBI.
Hello,
You will have to company with FEMA regulations The Liberalized Remittance Scheme (LRS) for remittance of money out of India for business abroad. You can register your business there, the compliances would be for the remittance of the money from India.
I hope that this answer satisfies your requirements.
Regards,
CA Hunny Badlani
Dear Sir,
Hope you are doing well !!
It is advisable to take a phone consultation for detailed discussion.
