Can NRIs in UAE buy property on behalf of a friend in India? Legal ways to do so
Can NRIs in UAE buy property on behalf of a friend in India? Legal ways to do so
NRIs in the UAE cannot legally pay property deposits for friends in India due to Indian foreign exchange laws. Attempting to do so risks serious violations of FEMA, leading to investigations by the Enforcement Directorate and hefty penalties. Buyers must use authorised channels like the RBI's LRS or local UAE financing for compliant transactions.
NRIs in the UAE cannot legally pay property deposits for friends in India due to Indian foreign exchange laws. Attempting to do so risks serious violations of FEMA, leading to investigations by the Enforcement Directorate and hefty penalties. Buyers must use authorised channels like the RBI's LRS or local UAE financing for compliant transactions.
NRIs in the UAE cannot legally pay property deposits for friends in India due to Indian foreign exchange laws. Attempting to do so risks serious violations of FEMA, leading to investigations by the Enforcement Directorate and hefty penalties. Buyers must use authorised channels like the RBI's LRS or local UAE financing for compliant transactions. 
