Indian expats able to open companies in India from April

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Sun, 2021-02-07 14:31

DUBAI: Non-resident Indians (NRIs) living in Gulf Cooperation Council member states will be able to set up one-person companies (OPCs) in their home country from April, India’s government has confirmed.

Previously, only Indians living in the country were allowed to set up companies. Guruprasad Mohapatra, secretary of the government’s Department for Promotion of Industry and Internal Trade, announced the rule change as part of a briefing on details of the Indian budget for 2021-22.

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