https://www.taxtmi.com/forum/issue?id=1792 Opening a proprietorship abroad by a resident Indian is not inherently restricted, but outbound remittances, capital account transactions, foreign property purchases and other cross-border financial dealings are regulated by the Reserve Bank of India and the Foreign Exchange Management Act; specific permissions, reporting and compliance depend on the nature of the transactions. en-us Thu, 25 Feb 2010 12:41:04 +0530 Thu, 23 Jan 2025 15:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1792 Opening a proprietorship abroad by a resident Indian is not inherently restricted, but outbound remittances, capital account transactions, foreign property purchases and other cross-border financial dealings are regulated by the Reserve Bank of India and the Foreign Exchange Management Act; specific permissions, reporting and compliance depend on the nature of the transactions. Discussion-Forum FEMA Thu, 25 Feb 2010 12:41:04 +0530 https://www.taxtmi.com/forum/issue?id=1792