The document outlines 7 steps required for a non-resident Indian (NRI) to start a business in India: 1) Obtain a Permanent Account Number card to track financial transactions. 2) Get approval from the Foreign Investment Promotion Board. 3) For the fastest process, apply to the Foreign Investment Authority. 4) Select an Indian partner as NRIs cannot operate alone. 5) Work with professionals to comply with legal requirements. 6) Open a bank account by completing know-your-customer procedures. 7) Consult tax authorities about applicable taxes.

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STEPS REQUIRED FOR NRI DOING BUSINESS IN INDIA
1) NRI HAS TO APPLY FOR PAN CARD NO TO START BUSINESS IN
INDIA THROUGH WHICH GOVT CAN TRACK ALL FINANCIAL
TRANSACTIONS
2) AFTER OBTAINED PAN CARD NO THE NEXT STEP IS TO
OBTAINED APPROVAL FORM FIPB
3) IF NRI WANT TO COMPELETE THE PROCESS FASTEST WAY
THEN HE HAS TO APPLY FIA(FOREIGN INVEST MENT
AUTHORITY)
4) NEXT STEP IS SELECTION OF INDIAN PARTNER BCOZ IN INDIA
NO NRI CAN ENTER IN BUSINESS WITHOUT INDIAN PARTNER
BUT NRI SHOULD CHOOSE A PARTNER ACCORDING TO HIS
BUSINESS STRUCTURES NEED
5) NRI SHOULD TAKE SERVICES OF PROFESSIONAL IN ORDER TO
COMPLY VARIOUS AUTHORITIES LEGAL COMPLIANCE IN INDIA
6) NRI HAS TO OPEN A BANK ACCOUNT IN INDIAN BANK FOR
THIS HE HAS TO “FILL KYC” FORM

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7) IF HE HAS DOUBT IN ORDER TO KNOW THE APPLICABILITY OF
TAX AT HIS PRODUCT THEN HE CAN TAKE REVIEW OF
AUTHORITY OF ADVANCE TAX