• For the purposes of carrying out employment or any business or vocation;
• Under circumstances indicating an intention to stay outside India for an uncertain duration;
• Any Indian citizen deputed outside India for a temporary period in connection with employment
• For education

• Taking up employment
• Business or vacation
• Any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period
• Indian citizens working abroad on assignments with foreign Governments/Government agencies or international/regional agencies like the UNO, IMF, World Bank etc.
• Officials of Central and State governments and Public Sector Undertakings deputed abroad on temporary assignments or posted to a Branch / Office (including diplomatic missions) abroad
• Indians settled abroad permanently
• Indians gone abroad on immigration
• Crew-members of Indian nationality or Indian origin employed by foreign airlines / shipping companies, if they are based at foreign ports and reside abroad

• You have at any time held an Indian passport OR
• You or either of your parents or any of your grandparents were citizens of India by virtue of the Constitution of India or the Citizenship Act, 1955 OR
• You are the spouse of an Indian citizen or of a person of Indian origin (other than of Pakistan or Bangladesh )

What are the types of bank accounts available to NRIs?
Non-Resident External [NRE] Rupee savings account
Your funds in NRE savings accounts are held in convertible rupees - principle and interest are fully repatriable. Interest income is fully exempt from tax in India. The savings account can be opened jointly with a Non-Resident individual.

Non-Resident External [NRE] Rupee fixed deposit

Fixed deposit in Indian rupees where the principle and interest are fully repatriable. All interest earned is fully exempt from tax in India. The account can also be opened jointly with a non-resident.

Non-Resident Ordinary [NRO] Rupee savings account

Your funds in Non Resident Ordinary (NRO) savings account are held in India, in Indian rupees. The NRO account can be funded through NRI income in India. Only the interest in an NRO account is repatriable. Interest income on this account is liable for Indian Income Taxes. Non-Resident Ordinary [NRO] Rupee fixed account

Fixed deposit in Indian rupees where the earnings in India can be deposited. The interest is repatriable [after payment of tax].

Foreign current Non-residents [FCNR] deposit

The FCNR Deposit is a fully repatriable foreign currency deposit available in major currencies: US Dollars, Pound Sterling, Euros, Australian dollars and Canadian dollars.

Your funds in FCNR Deposits are maintained in foreign currency and are fully repatriable, including the interest you earn. All interest earned is fully exempt from tax in India.

Can I open these accounts in any convertible currency?
Yes, you can remit funds for opening the account in any convertible currency.
The NRO / NRE accounts are maintained in rupees and the funds remitted will thus be converted into India rupees at the spot exchange rate.

For FCNR, the deposit can be maintained in the currency of your choice i.e. USD, GBP, EUR, AUD and CAD.

Wealth Management For Nris
Vishal Constructions & Developers Wealth Management services bring to you a premier, personalized investment experience based on a careful understanding of your diverse needs as a Non Resident Indian (NRI) - before you leave India, while you are abroad and when you plan to return to India.

Our association with DBS Bank and our research desk help us provide you a panoramic view of international markets and a strong approach to investing in India , profitably. Our Relationship Managers are trained and certified to provide you sound wealth management advice, across asset classes and market cycles. They will work with you personally to maximize your growth opportunities and enhance your wealth, while ensuring that you can continue to pursue your own goals in life without a worry.

Foreign Collaborations
Collaborators with an existing business or merger with an existing one to create a synergistic effect, could drive your continued success. You can trust on our expertise for the right consultations and strategies. We help you devise a strategic plan to successfully manage and integrate your new plan of action and review the operational process.

Further, we simplify your task by completing all the legal formalities, checking and preserving the documents and do the filling in an organized way. The financing solutions offered are customized to suit your requirements

Non-Resident Taxation and FEMA
We provide advisory and compliance services entirely covering the Foreign exchange law and Taxation law applicable to Non-Residents in the following areas.

• Tax Advisory Services and filing of e-Tax returns
• Setting up a Branch office/ Liaison office/ Project office in India
• Banking and Remittances
• Investment advisory support

Start Up Ventures
We suggest practical suggestions in start-up ventures for various businesses. We have rich experience as business advisors and financial consultants, from planning till implementation of plans. We cover the following areas in start-up ventures.
Due diligence reviews :Regulatory approvals

Identifying appropriate entry route : Formation of Legal Entity in India i.e. Incorporation of a company and preparation of Memorandum and Articles of Association and other legal support.