NRI Investment Rules under FEMA
Shares, mutual funds, property and businesses — repatriable vs non-repatriable
- 1PlanRoute and account chosen for each investment.
- 2InvestFunded and documented correctly.
- 3TrackRecords kept for tax and repatriation.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About NRI Investment Rules under FEMA
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
NRIs and OCIs can invest in Indian shares, mutual funds, bonds, property and businesses either on a repatriation basis — funded from abroad or an NRE/FCNR account, with proceeds freely remittable — or on a non-repatriation basis from an NRO account, which FEMA treats like domestic investment. Listed shares on a repatriation basis are capped at 5% of a company per NRI. Agricultural land, plantations and farmhouses can't be bought.
The choice of route decides how easily you can take money out later, so it should be made deliberately for each investment. A non-repatriation investment can still be repatriated within the NRO USD 1 million a year facility, with tax paperwork.
Unlisted company shares, LLP contributions and partnership investments have their own conditions — some businesses (real estate business, agricultural activities, print media in partnerships) are off-limits. We confirm what is allowed, open the right account route and keep records ready for repatriation and tax.
| Repatriation basis | Funded from abroad or NRE/FCNR; proceeds remittable |
|---|---|
| Non-repatriation basis | NRO funds; treated as domestic investment |
| Listed shares (repatriable) | 5% per NRI; 10% aggregate (can be raised to 24%) |
| Property | Residential and commercial allowed; not agricultural land or farmhouses |
| Mutual funds | Allowed; some AMCs restrict US/Canada residents |
Who this is for
Common scenarios where this service is a good fit.
- NRIs and OCIs building Indian portfolios
- NRIs investing in a family or startup business
- NRIs planning future repatriation
What you get
Clear deliverables so you know exactly what's included.
- Route selection per investment
- Account and PIS set-up guidance
- Business-investment eligibility check
- Tax and repatriation planning
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Route and account chosen for each investment.
Funded and documented correctly.
Records kept for tax and repatriation.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
Fee adjusted against our service fee if you go ahead within 30 days.
- Priority CA Call-backSkip the queue — a CA calls you within 30 minutes.₹255
- RecommendedCA Consultation (30 min)Talk one matter through properly with a CA.₹755
- In-depth CA Review (60 min)Documents reviewed before the call, written action plan after.₹1,155
Call-backs run Mon–Sat, 9 AM–6 PM IST. Booked outside these hours? We call you first thing the next working morning.
Compare the 3 plansFrequently asked questions
Answers to the most common questions we get.
This page also covers
- NRI investment tax
- How each investment is taxed — linked to our NRI tax pages.
Official sources
- RBI — Master Directions (Foreign Investment, Overseas Investment, LRS)
- DPIIT — Consolidated FDI Policy
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
