you have to check the rules and regulations for operating in foreign country . whether there is any restriction for investment in real estate in said country ? whether it is necessary that citizens of that country have to be shareholders? limit of foreign holdings in that country? contact a local lawyer in the country wherein you desire to do business in .
SPV owned by Indian subsidiary for Real estate acquisition
Sir, I am intrested to know how it is possible to go in real state business in foreign counties with a legal approach. I have a private limited company dealing in real estate. Is it possible that I legally found an offshore company or subsidiary in foreign and then that entity creates a SPV for purposes of holding /engaging in real estate/ farmlands sector. Or its is possible by subsidiary only. If not please help me with legal way to approach the goal.
Asked 10 years ago in Business Law
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4 Answers
Dear Querist
you can easily bear the consultation fee of a lawyer so it will be better to contact a lawyer personally and discuss with him/her in detail.
Mr. Ajay Sethi, as far as related to foreign country almost in majority you can bring and sale lands the issue is with joint intiative of RBI- FEMA which forbids by saying an Indian legal entity can not invest deal in real estate and allied but can go for construction and townships etc.
Asked 10 years ago
Mr. Naddem Querishi, yes fees is not always a issue but sometime your adviser haven't touched up those fields from long so I guess here were people like you who are interested to explore in depth analysis of areas are more suitable to give some fruitful result to my question
Asked 10 years ago
Is it possible holding a 45% shares in foreign company and that company goes in such deal so profit can always be shared on margin basis, while only buying out minority shares again it won;t be treated as parent Indian company subsidiary.
Asked 10 years ago
it can be mutually decided between the parties and if the laws permit then it can be
This is a question that can be decided only by a lawyer in the country where you wish to invest in real estate as it takes within its realm the real estate law prevailing therein. So avail the legal services of a legal practitioner in the country where you intend to invest.
