Ask HN: Can an American easily partner in an Indian startup?
6 comments
Tax attorney here, so the hammer/nail analogy applies.
There are (almost certainly) tax implications, seek advice come tax day. Don't just go the TurboTax route. You'll either be leaving money on the table or setting yourself up for a costly problem a few years down the road.
There are (almost certainly) tax implications, seek advice come tax day. Don't just go the TurboTax route. You'll either be leaving money on the table or setting yourself up for a costly problem a few years down the road.
You can and India is actually safe in the tech space. But please get a local lawyer and accountant on your side first to vett documents and legalities.
There are good ones available, a quick internet search will help.
There are good ones available, a quick internet search will help.
There are plenty of Americans invested deeply in India.
As long as you report the investment in a timely manner, there are no issues. Secondly, make sure to run everything by a local lawyer/Company Secretary
As long as you report the investment in a timely manner, there are no issues. Secondly, make sure to run everything by a local lawyer/Company Secretary
Yeah it's probably best to get some professional assistance on this. I'm just kind of curious how the whole process works.
I think it might fall under a foreign direct investment (FDI) https://en.wikipedia.org/wiki/Foreign_direct_investment_in_I...
I think it might fall under a foreign direct investment (FDI) https://en.wikipedia.org/wiki/Foreign_direct_investment_in_I...
Yes it falls under FDI but also depends on the quantum of investment. Read it along with FEMA.
Usually for individual level investments the rules and compliance is easy.
Usually for individual level investments the rules and compliance is easy.
Are there any hurdles or pitfalls to be aware of here? I'm having trouble finding any information on this topic, but I know there are various restrictions on foreign investments.