LLP Registration in India by an NRI

Foreign nationals and NRIs can now easily register a Limited Liability Partnership (LLP) in India, provided they follow the FEMA guidelines and appoint at least one resident Designated Partner. LLPs are a preferred form of business for NRIs due to limited liability, ease of management, and minimal compliance. 

The LLP registration process for NRIs involves identity verification, obtaining a Digital Signature Certificate, reserving a name with the MCA, filing incorporation forms, and executing an LLP Agreement. 

What is LLP Registration?

Limited Liability Partnership (LLP) is a kind of business structure. An LLP is a mixture of a Private Limited Company and a Partnership Firm. While it has the advantages and characteristics of a private limited company, it can be operated flexibly just like a normal partnership firm. 

Minimum Requirements for LLP Registration by an NRI: 

• Shareholders: Minimum 2 shareholders are required for the incorporation of LLP. 
•  Designated Partners: Minimum 2 Designated Partners are needed of them at least 1 should be a Indian resident. 
• Note: an LLP can now be registered with 5 instead of 2 Designated Partners (without having DIN). An office address in India. 
• In order to register a Limited Liability Partnership (LLP) by an NRI, the identity proof, address proof as well as documents regarding Indian origin are required. 
• Each one of these documents is required to be attested through the Indian embassy or notary public.

FEMA/FDI Regulations for NRI for LLP Registration in India 

• To ease investment in India, the Government of India permitted Non Resident Indians (NRIs) as accepted entities for investment as per the Regulations notified under Foreign Exchange Management Act, 1999. 
• NRIs are excluded from the FEMA regulations for investing in India and starting an LLP in India 
• NRIs as per current FDI/FEMA legislation in India includes persons who are resident outside India but are citizens of India or are persons of Indian origin. 
• For Limited Liability Partnership, 100% FDI by an NRI is allowed under automatic route, where no FDI link performance conditions are applicable 
• FDI in LLP by foreign entities can be made in the form of capital contribution or by way of acquiring shares.

Why Choose Tax Intelligence as Service Provider for Your LLP Registration by NRI in India? 

Tax Intelligence is a one-stop solution with expert CAs, CS, and lawyers for business registration, LLP compliance, and advisory services in India. Our Retainership service packages cover bookkeeping, filings, HR, payroll, and more. 

• Expert Assistance by CA/CS Professionals 
• End-to-End Compliance Support 
• Transparent Pricing with No Hidden Charges 
• Online, Paperless Process for NRIs 
• 5,000+ Clients Worldwide
• Dedicated Compliance Manager