IndiaInvestment
Explore the five recorded questions, answers and sources for this pathway.
The qualifying option is investment in India under the Foreign Direct Investment (FDI) route.
Permanent Residency Status (PRS) will be granted to foreign investors making investment under Foreign Direct Investment (FDI) route.
Two investment thresholds apply under the FDI route: a minimum of Rs.10 crores brought within 18 months, or Rs.25 crores brought within 36 months. The official source does not state a separate government fee.
investment of minimum of Rs.10 crores to be brought within 18 months or Rs.25 crores to be brought within 36 months under FDI route and resulting in employment for at least 20 resident Indians in every financial year.
The investment must generate employment for at least 20 resident Indians in every financial year. Each year the PRS holder must submit to the FRRO/FRO the Form FC-GPR, the Annual Return on Foreign Liabilities and Assets filed with the RBI with the RBI acknowledgement, and the income-tax return, to show the investment conditions are met, plus auditor-certified details of employment generated for resident Indians. PRS works as a multiple-entry visa with no stay stipulation. The official source does not state a minimum period for holding the investment.
The foreign investment should result in generating employment to at least 20 resident Indians in every financial year.
Foreign investor holding PRS will be required to submit to the FRRO/ FRO concerned every year a copy of the Form FC-GPR, the Annual Return on Foreign Liabilities and Assets filed with RBI by the Indian company receiving FDI & the RBI’s acknowledgement letter to that effect and the Income Tax Return filed before the Income Tax Department so to ensure that he/she is fulfilling the conditions regarding investment.
He/ she will also be required to submit to the FRRO/ FRO concerned every year details regarding employment generation for resident Indians based on self- certification by the statutory auditor of the Indian investee company.
PRS will serve as a multiple entry visa without any stay stipulation.
PRS is also granted to the spouse and dependants of an eligible foreign investor. A spouse or dependant granted PRS may work in the private sector with permission from the concerned FRRO/FRO and may study in India without a separate Student Visa.
PRS will also be granted to the Spouse/ dependents of the eligible foreign investor.
granted PRS will be allowed to take up employment in Private sector on the basis of the PRS with the permission of the FRRO/ FRO concerned.
spouse/ dependents of the investor who are granted PRS can undertake studies in India without a separate Student Visa.
PRS is provided for 10 years with multiple entry and a further extension for another 10 years. There is no restriction on stay during each visit and no FRRO/FRO registration requirement. The official source does not state a citizenship route or what happens to the investment.
PRS will be provided for 10 years with multiple entry with further extension for another 10 years. There will be no restriction on stay on each visit and no registration will be required with FRRO/ FRO.
These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.
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Not legal advice. No eligibility verdict or ranking. Check the linked sources before applying.