foreign investment | Pixr8 News

28Dec By reutersNo Comments

CHINA

China Temporarily Exempts Foreign Firms From Taxes For Reinvested Profits

China said on Thursday it will temporarily exempt foreign firms from paying provisional income tax on profits they re-invest into the economy, in a bid to stop foreign firms shifting their operations out of the country. The move will help “promote growth of foreign investment, improve quality of foreign investment and encourage overseas investors to continuously expand their investment in China,” the finance ministry said on its website. Analysts say a planned tax cut by U.S. President Donald Trump, which could lead to a repatriation of earnings by U.S. firms, poses a challenge China’s bid to lure foreign investment. The temporary exemption on provisional income tax is retroactive from Jan. 1 this year, which means firms that have paid taxes this year will be refunded. But fore...

India Scraps Foreign Investment Advisory Body

India on Wednesday scrapped a ministerial panel responsible for coordinating foreign investments, part of reforms that Prime Minister Narendra Modi is implementing to boost funding of local industries from overseas. Set up soon after India embarked on its first market reforms in 1991, the Foreign Investment Promotion Board (FIPB) was tasked with approving foreign investments proposals. Its decisions often become bogged down in infighting between government ministries, leading to delays in investment projects. Finance Minister Arun Jaitley said the cabinet had agreed to abolish the FIPB, in line with a budget pledge he made in February. Foreign investments would in future be cleared by individual ministries. Since taking office in 2014, Modi has gradually eased restrictions for ...

Now Invest 25 Crore and Stay in India For 3-10 Years

Emulating Singapore-model, India will offer residency permits of up to 20 years to foreigners willing to invest a minimum threshold in the country, under a new policy aimed at attracting more overseas investments. The Cabinet, headed by Prime Minister Narendra Modi, approved a proposal to allow foreigners get 10 year residency permits if they invest Rs 10 crore over 18 months or Rs 25 crore over three years. The residency status can be extended by another 10 years. Investors would also be allowed to buy one residential property and their spouses and children can work or study here. However, this scheme would not be available for Pakistani or Chinese citizen. "A certain threshold if you invest in India, then the availability of visa, the availability of the right to purchase...