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» NRI Investment Process
• NRI Investment – Operational Snapshot
• Investments in mutual funds and listed shares are 100% repatriable.
• India has a double tax avoidance treaty with most countries including USA, UK and several others.
• DMS Advisors can ease completion of the one-time operational pre-requisites for
investing in India:
Investments in Mutual Fund Schemes |
Investments in listed shares |
- Open a Non Resident External bank account (I.N.R. Denominated)
- Apply for a PAN card (For Income Tax Department)
- Complete the one-time Know Your Client (KYC) formalities
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- Open a Non Resident External bank account
- Apply for a PAN card
- Open a Portfolio Investment Scheme Account
- Open depository account
- Complete trading account Broker related documentation
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- Common Documents Required:
• Passport & Visa copy/ PIO card
• Domestic residence address proof
• International residence address proof
• Passport size Photographs
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How To Transact??
• Open a NRE / NRO Bank Account with any Banks having I.N.R. Denomination (AXIS Bank suggested for smooth process) and Time Frame at Max. 1 week.
• For dealing in Direct Stocks, PIS Account, RBI Approval is necessary for each and every Equity transaction. (To be opened with Bank)
• We will provide you Swift Code Detail for transferring the fund from Your Bank.
• You can transact through cheque or Cashier’s Cheque. For Cashier’s Cheque you just have to instruct to Axis Bank for issue the Payment Order. We will collect it from Bank.
• We will send you the Application Forms through attachment. You have to make print out, Sign it and send to us.
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