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Doing Business
in India - An Overview
Repatriation
A
Branch Office may remit its profits after payment of applicable
taxes in India through an Authorised Dealer. Similarly a Project
Office may on the completion of a Project remit its profit through
an authorised dealer. However, it has to submit the documents as
prescribed to the satisfaction of an authorised dealer through whom
remittance is effected.
The
dividend on shares held by Foreign Investors (net taxes) is repatriable.
Indian Companies have to make an Application to an authorised dealer
of Reserve Bank of India for the purposes of remitting dividend
to Foreign Investors.
Repatriation
of Capital Invested in India
Repatriation
of investment made in India with the approval of the Government/Reserve
Bank of India ('RBI') is permissible (except when the investment
is permitted on the specific condition that it will not be eligible
for repatriation), provided the dis-investment has also been made
with the approval of the RBI or as per RBI guidelines. Actual remittances
are permitted subject to fulfillment of conditions as to quantum
and installments of repatriation etc., if any, as may be applicable
from time to time. 
Remittance
by Individual Foreigners
Foreign
nationals temporarily resident in India are permitted to transfer
to their own countries, at the time of their departure from India,
their current assets such as savings from salary, dividend, commission,
provident fund balance, sale-proceeds from personal effects, etc.
In addition, they are also allowed to repatriate the sale proceeds
of their investments in India subject to the approval of the RBI.
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