Minimum 10 crore investment needed for PRS to foreigners

Q.  What is the minimum amount of investment needed to be done by foreign investor to be eligible for Permanent Residency Status (PRS) in India?
- Published on 06 Sep 16

a. 50 crore
b. 100 crore
c. 5 crore
d. 10 crore

ANSWER: 10 crore
 
  • The scheme will be applicable only to foreign investors fulfilling the prescribed eligibility conditions, his/her spouse and dependents.
  • In order to avail this scheme, the foreign investor will have to invest a minimum of Rs. 10 crores to be brought within 18 months or Rs.25 crores to be brought within 36 months.
  • Further, the foreign investment should result in generating employment to at least 20 resident Indians every financial year.
  • Those who meet the criteria would be eligible to stay for 10 years. The residency permit can be extended by a decade.
  • Up to now, such investors have been eligible for business visas lasting up to five years.

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