Quote:
Originally Posted by JMBroad
You can set up a company and have that company buy a property in India however it has to be a working office with a physical address which employs staff and pays taxes.
The solution of a "virtual office" which only trades in property is being cracked down on and can lead to some serious complications so I wouldn't suggest it. While it was acceptable even only a couple of months ago, recently it's become problematic.
In the end after testing the water for a while, we pulled out of India until the legislation changes. Once it does, I'm sure it'll be a great market.
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Thank you for the advice. I will heed it carefully