Q483. OCI - Can I buy land to start business in India

Question: sir i have a european passport and i have oci card also ; can i buy land in india to start business ; please can you give me right information thank you Bhupinder Singh

Answer: Your question is a bit vague, generally all OCI card holders can purchase immovable property in India and start a business, however there are some exceptions such as a restriction to purchase agricultural land. Some industries require licensing due to environmental, safety or strategic considerations. Depending on the type of business you wish to start in India, you should consult a qualified professional chartered accountant or lawyer to guide you. One free and good source of information for anyone wanting to start a new business in India would be the Indian Embassy/Consulate offices in their country. If you have a specific State in India where you plan to start your business, you could even contact the State Government trade offices and get valuable information and perhaps find out various incentives a State Government might be offering to attract new business to their state.