TaxTMI 
TaxTMI 
Permanent residency status for foreigners
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....ermanent residency status for foreigners <br>News and Press Release<br>Dated:- 29-11-2016<br><BR>The Government has decided to grant Permanent Residency Status (PRS) for 10 years with multiple entry t....
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....o foreign investors making investment of minimum of ₹ 10 crores to be brought within 18 months or ₹ 25 crores to be brought within 36 months. PRS will also be granted to the spouse/depende....
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....nts of the eligible foreign investor. The foreign investment should result in generating employment to atleast 20 resident Indians every financial year. The scheme is expected to encourage foreign inv....
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....estment in India and facilitate Make in India. In addition to the restrictions imposed in the FDI policy, security guidelines issued/ as may be issued by the Government from time to time shall also be....
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.... applicable. This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.<BR> News - Press release - PIB....