Monday, September 19, 2016

Foreign investors with Permanent Residency Status

In an effort to grease the tracks for foreign investments, India has decided to grant Permanent
Residency Status (PRS) to foreign investors who meet some set criteria in respect of minimum
investment and employment generation.
Push for foreign investment :-

  • Minimum investment criteria of Rs.10 crore within 18 months or Rs.25 crore within 36 months.
  • Minimum employment generation of 20 resident Indians every financial year.
  • PRS granted for up to 20 years.
  • Multiple-entry visa without any stay stipulation for PRS holder, spouse, dependants.
  • Exemption from registration requirements.
  • Allowed to purchase one residential property to live in.
  • Spouse/dependants can work in private sector under relaxed salary stipulation.

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