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08 September 2016

India offers Permanent Residency Status to foreign investors

The Indian government has approved a scheme which offers Permanent Residency Status ("PRS") to foreign investors subject to meeting certain conditions. The scheme will allow multiple entry into India with no limitation on the period of stay for 10 years and provide other benefits, such as allowing spouses to take up private sector employment.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1509

Document ID: 2016-1509

 

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