Tag Archives: foreign investment

ILN Today Post

Foreign Exchange Management Act (“FEMA”)/Foreign Investment

Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director

The Reserve Bank of India (“RBI”) has clarified that keeping deposits with an Indian company by persons resident outside India, in accordance with section 160 of the Companies Act, 2013, is a current account (payment) transaction and, as such, does not require any approval from the RBI. Refunds of such deposits, arising in the event of selection of the person as director or getting more than twenty-five (25) percent votes, will be accorded the same treatment. (Reference: A.P. (DIR Series) Circular No.59 of April 13, 2016). 

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ILN Today Post

New Horizon for Foreign Investment in Shanghai Pilot Free Trade Zone

The foreign direct investment policies in Shanghai’s new China (Shanghai) Pilot Free Trade Zone (“CSFTZ”) offer a variety of new opportunities for foreign corporate and individual investors. Zhong Lun partner Dr. Helen Zhang has compiled a summary comparison of the new policies in the CSFTZ against current PRC law across nearly 20 industry sectors, including medical institutions, health insurance, engineering design and construction, human resources, educational and professional training institutions, financial leasing, commercial banking, investment and holding companies, value-added telecommunications, travel agency, entertainment venue operations and performance agency services, among others. Taken together, the new policies represent a significant step in China’s ongoing efforts to liberalize its economy and to promote Shanghai as a regional and global hub. More…

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Ronald Fieldstone publishes article for LatinBiz on EB-5 funding small businesses

Arnstein & Lehr

Ronald Fieldstone

Arnstein & Lehr Miami Partner Ronald R. Fieldstone authored an article titled “Foreign Investors Program Credited as Lifeline to Capital for Small Business Enterprises” for LatinBiz, a publication of the Latin Business Club of America. Mr. Fieldstone discusses how EB-5 is leading the way to provide foreign investment dollars to small businesses across the country. He also offers tips to small business owners for obtaining EB-5 funding.

To read the article in full, please click here.

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Julian Montero authors article for El Venezolano News on starting a business

Arnstein & Lehr

Julian Montero

Arnstein & Lehr Miami Partner Julian F. Montero wrote an article for El Venezolano News, published on July 1 titled “Foreign Investors: Tips for Starting a Business in Florida.” His article provides potential business owners tips to consider when forming your business. Mr. Montero’s list of considerations include choice of entity, ownership structure, and general tax considerations.

To read the English version of the article in full, please click here.

To read the Spanish version of the article in full, please click here.

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ILN Today Post

Foreign Exchange Administration of Direct Investment Relaxed by State Administration of Foreign Exchange

The current foreign exchange administration of direct investment is perceived as strict and complex, which requires cumbersome examination and verification procedure. For promoting trade and investment, the State Administration of Foreign Exchange (“SAFE“) of the People’s Republic of China (“PRC“) recently issued Huifa [2012] No. 59 (“Circular 59” or “Circular“), further simplifying the foreign exchange administration of inbound and outbound investment. Circular 59 will take effect on December 17, 2012.  More…

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