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of <h1>New Rules Allow Overseas Investment by Residents with Conditions; Gifts, Inheritances Exempt from LRS Limits</h1> The Foreign Exchange Management (Overseas Investment) Rules, 2022, allow resident individuals to make Overseas Direct Investment (ODI) or Overseas Portfolio Investment (OPI) under specific conditions. Investments can be made in foreign entities not involved in financial services, without subsidiaries, or through methods like capitalisation, securities swap, or inheritance. Gifts and inheritances of foreign securities are exempt from the Liberalised Remittance Scheme (LRS) limits. Employee Stock Ownership Plans (ESOPs) and Employee Benefits Schemes are permitted without limit if offered globally. Reporting requirements apply, and investments must comply with FEMA regulations. Resident individuals cannot gift overseas investments to non-residents.
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