Can I as an OCI create company?

[Kranis]

I´m I eligible as an OCI card holder to create and run a company in India?

[arkaa]

Yes. Any person can start & run a business in India, even foreign nationals without OCI - no restrictions on that. But, Foreign Nationals will have to follow some FEMA guidelines, you should consult a CA in India to understand the details.

[arkaa]

Kranis you seem to have a many questions about the OCI scheme. Download the following OCI FAQ document from the MEA site and go through it, pay close attention to Q33 - benefits of OCI - https://mea.gov.in/images/pdf/oci-faq.pdf

Basically, OCI holders are treated on par with Indian Citizens in all aspects, except for the following:

• they do not have the right to vote.
• they do not have the right to hold the offices of Prime Minister, President, Vice-President, Judge of Supreme Court and High Court, member of Lok Sabha, Rajya Sabha, Legislative Assembly, or Council.
• they do not have the right to any public services (government jobs).
• they do not have the right to invest in farmland (agricultural property). However, they can still inherit farmland.
• just as citizens of India need to apply for an Inner Line Permit to visit certain areas in India, Overseas Citizens of India need to apply for a protected area permit to do the same.

[Kranis]

Thanks!