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

AI Summary

Clarifying FEMA Rules for Transferring USD from Dubai LLC to Indian Company: FDI Policy Review Needed for NRI Director. An individual inquires about the legal provisions under FEMA for transferring money from a Dubai-based limited liability company to an Indian company, specifically in US Dollars. The query also seeks clarity on whether a Dubai-based NRI director needs any permissions from Indian or Dubai authorities for such a transaction. The response suggests determining whether the transfer is considered Foreign Direct Investment (FDI) and advises reviewing the central government's FDI policy to address the concerns.