Scope of NRI registration in company
Which type of company can I register as an NRI? What is the validation of registration of a company by an NRI? Can an NRI open One Person Company in India?
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FDI is not allowed in India in the form of sole proprietorship or One Person Company.Therefore,I would suggest to opt for a Private Limited Company since the approval can be obtained from the RBI after the incorporation of the company.Also the procedure and the steps involved in incorporation of Private Limited Company does not involve more documentation work. Only thing is the NRI has to get notarization from the Indian Embassy from the respective foreign country he resides.
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Tags: Company Incorporation