Can NRI become a partner in Indian partnership firm?

by Paras Mehra 36.9K

 

Yes, an NRI can become a partner in Indian partnership firm and he further can contribute to the capital of the firm subject to certain conditions. For any NRI to become a partner in a partnership firm there is no restriction, however, the law restricts the foreign investment by NRI by way of capital to the firm.

Let us understand how an NRI can contribute to the capital of the firm.

 

Foreign investment by NRI to the partnership firm

There are two ways to invest into a partnership firm by the NRI. All the two ways are described below:

 

Conclusion

In crux, the NRI can become a partner in partnership firm subject to some conditions. In case of any query or issue, please email us at info@hubco.in.

 

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