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Investor & Funding7 min read

Cross-Border FDI Compliance: Step-by-Step for Overseas Angel Investors

How US, UK, UAE, and Singapore-based angel investors can seamlessly remit funds into Indian startups with automatic route RBI reporting.

Author: FirstMartt International ComplianceTopics: Foreign Investment Indian Retail Tech, FDI India Ecommerce, NRI Investment Indian Startups

Investing in Indian private companies from overseas is completely streamlined under the Foreign Exchange Management Act (FEMA) Non-Debt Instruments Rules.

The 4-Step Cross-Border Inward Remittance Workflow

  • **Step 1: Wire Transfer via Authorized Dealer (AD) Bank:** Foreign investor remits funds in USD, EUR, GBP, or AED with standard SWIFT codes mentioning 'Inward FDI towards subscription of equity/CCPS shares'.
  • **Step 2: Issuance of FIRC (Foreign Inward Remittance Certificate):** The receiving Indian bank issues the FIRC and KYC report verifying the overseas source of capital.
  • **Step 3: Board Resolution & Share Allotment:** The startup board formally resolves and allots shares within 60 days of remittance receipt.
  • **Step 4: RBI FIRMS Portal FC-GPR Filing:** The company files Form FC-GPR online on the Reserve Bank of India's FIRMS portal to register the foreign shareholding.

FirstMartt's company secretarial team handles 100% of these statutory filings, ensuring international investors receive their verified share allotment documents with zero administrative friction.

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