Is 9.9% of a listed foreign company ODI?

Listed plus below 10% and without control is the OPI side of the statutory test. If you have control anyway, it is ODI. We classify from shareholders’ agreements, not from the percentage on a slide.

Can I use LRS to fund my Dubai company?

Share capital in an unlisted foreign entity is an ODI question for a resident individual, not a tourist LRS code. See /guides/odi-dubai-fzco-from-india. Do not instruct the bank with a holiday purpose code.

Does PJRJ file ODI with RBI directly?

Reporting is through the AD bank. We prepare the classification, valuation coordination, and tax pack the bank asks for. We are not the authorised dealer.

ODI vs OPI FEMA | Overseas Direct vs Portfolio Investment

ODI vs OPI under FEMA

Overseas Direct Investment versus Overseas Portfolio Investment under the FEM (OI) Rules, 2022 — unlisted, 10%+, and control tests. PJRJ sequences the AD-bank pack from Delhi NCR.

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