Yes, OCI (Overseas Citizen of India) cardholders are eligible to open and run a business in India. They enjoy the same rights as Non-Resident Indians (NRIs) in terms of investing, forming companies, and conducting businesses. Still, there are some limitations and reporting requirements they need to adhere to.
Business Options for OCI Cardholders
OCI cardholders are eligible to:
- Start a Private Limited Company, LLP, or Sole Proprietorship in India.
- Invest in Indian companies, startups, or securities markets under the Foreign Exchange Management Act (FEMA).
- Purchase commercial property for business use (excluding agricultural land).
- Work in or run a business in India without requiring an additional visa.
