Do you know an NRI can open an NPS bank account in India now? What a great boost-up to NRI investment! The stamp of being an NRI creates a number of hurdles in making bank transactions, opening bank account and so on. But Indian government did commendable job by nodding for opening NRIs NPS account. After this announcement, the NRI will be able to invest in pension corpus.
Read MoreAuthor: Manoj Sodhani
Skipping 10 Property Investment Tips Can Prove Dangerous To NRIs
India’s improving economy, better infrastructure and enhancing lifestyle of the people have convinced the migrants to think about their resettlement in India seriously. Apart from the advantages of having native place, they will be reunited with their kith and kin. The career opportunities have rapidly expanded. These facts are enough to make them rethink for shifting back to India. Today, it is happening in real. This is why queries from NRIs for investment in property are souring online as well as offline. The depreciated value of INR against dollar has inflamed this desire in NRIs’ heart. They have started investing in highly affordable deal of property purchase.
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Guide to Ensure Protection of NRIs Property
NRI property management becomes tougher to handle. Living overseas or offshores creates multitudes of seams in maintaining and managing NRIs property in India. Hassles will make their presence felt every now and then but few protective measures can halt them.
Read MoreHow to Obtain Birth Certificate Online in India
NRI birth certificate can be easily attainable. It is a legal proof of a person’s nationality and acts as a proof of identity. The migrants can take advantage of the online services and visit to the state’s web portals that are meant to serve birth certificate service. Alternatively, the applicant parents can directly access to hospital authority or MCD office as well to procure it.
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Top 5 Property Investment Tips for NRIs
According to the IMF (International Monetary Fund), India is 12th largest economy in the world and it is expected to be at 4th position by 2012. Although, the high inflammation rate still remains a concern in India but the economy is growing exponentially from past few years and will continue to do so.
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NRI Property Management Tips to Escape FATCA
FATCA Legislation
These days, most of the non-residents of India (NRIs) in the US are countering discomfort. India and the US governments have signed a deal under the banner ‘FATCA’ which is the US’ Foreign Account Tax Compliance Act. Since I have been living in America for half a decade I am very much aware of this act. It is ratification by the United States Department of Treasury and the US internal Revenue Service (IRS) that observes and takes action against the tax invasion in the US.
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NRIs Property Management for Tenant’s Vacating Inspection
NRIs can get rid of hassles in claiming compensation amount for any wear and tear to their property management. Vacating inspection of NRI property can be pivotal for doing property management. First, there should be rental agreement between the NRI landlord and his tenant. It can make the eviction of tenant hassle free.
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