NRI Corner | Reneev Developers

Global Financial Gateway

GIFT City - India's premier global center offers an unparalleled platform for business, with cutting-edge infrastructure and attractive tax benefits.

Hyper Connectivity & Infrastructure

Ahmedabad to Mumbai in just 2 hours by 2030 with ambitious ongoing Bullet Train project. With DMIC, you can tap into the Delhi-Mumbai Industrial Corridor, a game-changer connecting major hubs with world-class infrastructure.

Safe Haven

Gujarat boasts political stability, strong infrastructure, and a business-friendly environment - a secure foundation for your hard-earned money.

Return on Dreams

From booming industries like chemicals and auto to exciting renewable energy, Gujarat offers diverse avenues for stellar returns. Major players like Tata, Ambani, Adani, Suzuki, and DP World have already committed billions to invest in Gujarat's future in the recent Vibrant Gujarat 2024 Summit.

Closer to Roots

Reconnect with your heritage while building a lucrative future. Enjoy proximity to family and the warmth of Indian culture.

Lifestyle Advantage

Gujarat's vibrant cities offer modern amenities, affordable living, and access to stunning beaches and cultural treasures.

Resident Indian

01.

A person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year but does not include -

1. A person who has gone out of India or who stays outside India, in either case
For or on taking up employment outside India
For carrying on outside India a business or vocation outside India
For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period
2. A person who has come to or stay in India, in either case, otherwise than
For or on taking up employment in India
For carrying on in India a business or vocation in India
For any other purpose, in such circumstances as would indicate his intention to stay in India for an uncertain period

02.

Any person or body corporate registered or incorporated in India

03.

An office, branch or agency in India owned or controlled by a person resident outside India

04.

An office, branch or agency outside India owned or controlled by a person resident in India Explanation - Section 2(u) clarifies that a person includes –

An individual
A Hindu undivided family
A company
A firm
An association of persons or a body of individuals, whether incorporated or not
Every artificial juridical person, not falling within any of the preceding sub-clauses
Any agency, office or branch owned or controlled by such person.

01.

For the purpose of opening non-resident bank accounts in India Person of India Origin means a citizen of any country other than that of Bangladesh or Pakistan, if -

02.

For the purpose of investing in shares/debentures etc. in India Person of Indian Origin means a citizen of any country other than that of Bangladesh or Pakistan if-

03.

For the purpose of acquiring immovable property in India Person of Indian Origin means a citizen of a country other than that of Bangladesh or Pakistan or Sri Lanka or Afghanistan or China or Hong Kong or Macau or Iran or Nepal and Bhutan if-

He at any time held India passport
He or whose father or mother or whose grandfather or grandmother was a citizen of India by virtue of the Constitution of India of the Citizenship Act. 1955 (57 of 1955)

04.

4. For the purpose of establishing a branch or office in India Person of Indian Origin means a citizen of any country other than that of Bangladesh or Pakistan or Sri Lanka or Afghanistan or China or Iran of Hong Kong or Macau if -

At any time held India passport
He or either of his parents or any of his grandparents was a citizen of India by virtue of the Constitution of India of the Citizenship Act. 1955 (57 of 1955)
The person is a spouse of an Indian citizen or a person referred to in sub-clause (a) or (b) above

05.

For the purpose of acquiring PIO Card Person of Indian Origin means a citizen of any country other than that of Bangladesh or Pakistan, if -

He at any time held an India Passport
He/she or either of his/her parents or grandparents or great grandparents was born in India and permanently resident in India as defined in the Government of India Act, 1935 and other territories that became part of India thereafter provided neither was at any time a citizen of any country as may be specified by Central Government from time to time
Who is a spouse of a citizen of India or a Person of Indian Origin as mentioned above.