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Old 04-05-2008, 12:39 PM
Sitara Village Sitara Village is offline
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Join Date: Apr 2008
Location: on Thong Nai Pan Noi beach, Koh Phangan, Thailand
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Quote:
Originally Posted by JMBroad View Post
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.
Thank you for the advice. I will heed it carefully