FEMA Rules for NRIs — Accounts, Property and Repatriation — Explained. Applied. Documented.
Advisory on what a non-resident may hold, buy, sell and remit under the exchange control framework, and on the documentation each step requires.
Book Free ConsultationThe exchange control position of a non-resident is not a single rule but a set of them — one for bank accounts, one for immovable property, one for investment, and one for taking money out of the country. They interact, and a decision taken on one usually affects another.
At N D Savla & Associates, we advise non-resident Indians connected to Nashik and Maharashtra on how these rules apply to their particular holdings, and on the documentation that supports each transaction when a bank or a buyer asks for it.
Residential status is where the analysis begins. Status under the exchange control law is determined differently from status under the income tax law, and a person can be treated one way for one purpose and another way for the other, so we settle that question first.
Our FEMA Advisory for NRIs
Residential Status Analysis
Determination of status under the exchange control law and its consequences.
Bank Account Guidance
Guidance on the account categories available and what may be credited to each.
Immovable Property Advisory
Advice on acquisition, holding and transfer of property by a non-resident.
Repatriation Planning
Planning the route and documentation for remitting sale proceeds and income abroad.
Investment Rules
Advice on permitted investment in shares, securities and other Indian assets.
Inheritance and Gift
Treatment of assets received by a non-resident by inheritance or by gift.
Documentation Support
Preparation of the declarations, certificates and forms each transaction requires.
Return to India Planning
Advice on the change in position when a non-resident returns to India permanently.
Our FEMA Advisory Process
Status Determination
Residential status under the exchange control law is established for the relevant period.
Asset and Account Review
Existing accounts, property and investments are reviewed against the applicable rules.
Transaction Analysis
The proposed transaction is tested against the route and limits that apply to it.
Documentation
Declarations, certificates and bank formats are prepared to support the transaction.
Execution Support
We coordinate with the bank through the transaction and retain the file for later reference.
Why It Matters
Frequently Asked Questions
Non-resident with assets in India?
Tell us what you hold and what you want to do with it — we’ll set out the position and the documents.
