Transfer of Money from Arab Country

[BAL KRISHAN GARG]

Dear all , One of my friend having limited libility company in Dubai since last more than 10 year there and registered with Chamber of Commerce in Dubai . One Indian company want some investment from Dubai Company and want to make an agreement from the Dubai based company and after then want money which to be transfered from Dubai . Whether is there any provision relating to FEMA for transfer of money in US Dollars from Dubai to India and whether is there any legal provision for Dubai based NRI Person who is the Director in Dubai based company ? Whether RBI may have any problem in incoming money in US Dollars from Dubai to India ? Whether Dubai based company is also required to take permission from any Govt.agency in india or dubai ? Thanks to all BAL KRISHAN GARG

[Surender Gupta]

Nature of transfer of money into India in the relevant concern. Is it FDI? Whether he would make investment in the capacity of NRI or investment would be made by the company in which he is the director? After ascertaining related issues, you study the FDI policy of the central government.

AI Summary

FDI classification determines whether inbound funds from a Dubai company require approval under investment policy and RBI oversight. Determine whether the transfer from the Dubai entity is Foreign Direct Investment or another form of inward remittance, and whether the remitter acts as an NRI or as a foreign company; that classification dictates applicability of FEMA, need for approvals under the central government's FDI policy, and filings or oversight by the Reserve Bank, as well as any regulatory formalities in India or in Dubai.