ARTICLE · 16 OCTOBER 2016

Permanent Residency Status To Foreign Investors In India

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The government of India, in order to encourage more FDI, has approved a scheme for granting permanent residency status (PRS) to foreign investors.

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The government of India, in order to encourage more FDI, has approved a scheme for granting permanent residency status (PRS) to foreign investors.

Conditions relating to this scheme shall be specified in the FDI Policy notified from time to time.

The PRS will be granted for a period of ten (10) years with multiple entry.

PRS shall be subject to review for another 10 years if the PRS holder does not come to adverse notice.

The scheme will be applicable only to foreign investors fulfilling the prescribed eligibility conditions, his/her spouse and dependents.

The investment threshold to avail this scheme, shall be an investment of minimum of Rs 100 million to be brought within 18 months or Rs 250 million to be brought within 36 months.

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