FPI ADVISORY AND COMPLIANCE

Liberalisation on FEMA Regulations with regard to foreign investments into India, India witnesses a considerable amount of investment from Foreign Portfolio Investors (‘FPIs’). FPIs have more flexibility in terms of array of securities in which investment can be made and as a result, FPI route become a more preferred mode of foreign investment in India. FPIs undertake large number of transactions on daily basis by investing in listed securities and hence, tax efficiency and compliances are imperative factors for FPIs while undertaking investments in India.

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We offer a wide range of services to FPI clients such as:

1. Advising on appropriate structure for setting up an FPI considering tax efficient jurisdictions for investing in India

2. Assisting in implementing FPI structure as well as obtaining registrations and approvals from Indian regulators

3. Advising FPI on eligibility to claim relevant tax treaty benefits

4. Reviewing Private Placement Memorandum (PPM) or a similar document of an FPI from tax and FEMA stand point

5. Advising on tax implications (including the implications of indirect transfer provisions) in the case of reorganizations undertaken outside India

6. Assisting in obtaining required tax registrations in India

7. Providing on-going tax advisory and compliance services including issuing tax certificates for remittance of funds overseas by FPI, filing of tax returns in India, tax assessments, tax representations, obtaining refunds and other compliances