Can I stay in India permanently with OCI?
Asked by: Viva Gerlach | Last update: September 28, 2023Score: 4.3/5 (5 votes)
An OCI card holder can stay in India for life time. It is important for an OCI card holder to ensure that they hold valid
How long can you live in India with OCI?
(i) An OCI is entitled to life long visa with free travel to India whereas for a PIO card holder, it is only valid for 15 years.
Is OCI valid for lifetime?
The OCI card is a lifelong visa available for citizens of Indian origin. Once you get it, you will obtain all the rights any resident in India has. You can live and work in India. The OCI card is valid for 10 years after issued and it allows Multiple Entry to the country.
Can I keep property in India with OCI?
A. As per the guidelines issued by Reserve Bank of India, an NRI or OCI card holder can invest in any residential or commercial property. The guidelines also state that one can buy any number of residential or commercial properties.
What are the restrictions of OCI holder in India?
Limitations of OCI
Having an OCI card implies that Indian Citizenship has been renounced and therefore, does not equate to having a dual citizenship with India. OCI card holders cannot do the following: Vote. Become a member of a Legislative Assembly or Legislative Council or the Parliament.
OCI VS VISA . Best option for Indians living in CANADA 🇨🇦
Does OCI need to be renewed?
OCI card holder who is 21 to 49 years of age, it is not mandatory to renew OCI card each time a new passport is obtained. OCI card holder who attains the age of 50 years or more, OCI card must be renewed only once after the issuance of a new passport.
Can a Canadian citizen with OCI buy property in India?
Q: Can OCI card holders purchase property in India? A: OCI card holders can purchase residential and commercial properties in India. But they are not permitted to purchase agricultural land, including farmland or any kind of plantation property.
Can a Canadian citizen own property in India?
Yes, Canadians who are residing in India may purchase immovable property in the country, however they must obtain approvals and satisfy any relevant requirements that have been imposed by governmental authorities such as State Governments.
Can Canadian citizen inherit property in India?
A Non-Resident Indian or a Foreign national such as UK, US or Canadian citizens can inherit the property in India from anyone including their relatives. The NRI can inherit property in India even from another NRI, subject to certain conditions.
Does OCI expire at age 50?
Once you reach the age of 50, you must apply for OCI card renewal and have your visa re-issued. For those between the ages of 21 and 50, there are no mandatory requirements to get your card re-issued. Similarly, after the age of 50, it is not mandatory to renew your OCI card every time you get a new passport.
Is OCI card valid after 50 years?
OCI card needs to be re-issued each time a new passport is acquired by the cardholder up to the age of 20 years. OCI card is required to be re-issued once on acquiring a new passport after completing 50 years of age.
Can OCI card holder open bank account in India?
Further, an OCI can open all types of accounts allowed to a Resident customer. A joint account with Resident Indian (RI) who is a close relative can also be opened subject to following conditions: Mode of operation permitted is 'Former (NRI) or Survivor' only.
What OCI can't do in India?
The OCI is not entitled to vote, be a member of Legislative Assembly or Legislative Council or Parliament, cannot hold constitutional posts such as President, Vice President, Judge of Supreme Court or High Court etc.
Does OCI count as Indian citizenship?
If you get an OCI, it is NOT the same as being a regular Indian citizen: You do not get an Indian passport.
Can I sell my property in India and bring money to Canada?
NRI selling property in India will have to pay capital gain tax in India. Further, he/she can claim exemption from capital gains by investing in any other asset in India for claiming exemption u/s 54 and 54F etc. NRIs can sell property in India and can legally repatriate the money to Canada.
Is inheritance from India taxable in Canada?
Generally, in Canada, anyone who receives a gift or inheritance will not have to include this in their income. For tax purposes, the inherited property has a cost base equal to its value at death.
Is a Canadian will valid in India?
A foreign will, once proved and deposited in a court of competent jurisdiction, or a properly authenticated copy of the will and letters of administration will be recognised by the Indian Courts.
How can a Canadian stay in India?
India Tourist e-Visa for Canadians
The India Tourist e-Visa for Canandians: Allows Canadian passport holders to enter India multiple times. Valid for 365 days from the date of issue. Permits Canadians to stay for up to 180 days.
Can you be a citizen of Canada and India?
The Indian Citizenship Act, 1955, does not allow dual citizenship. It is a punishable offence under the Indian Passport Act, 1967, to apply for an Indian passport, continue to hold an Indian passport, get an Indian passport re-issued or travel on an Indian passport after acquiring foreign citizenship.
Can a foreigner stay in my house in India?
There is a separate Immigration, Visa Foreigners' Registration and Tracking (IVFRT) system. >> individual can offer their house to a foreigner for stay or they can't fill the form... Any person hosting a foreign guest for monetary consideration in India, even for a few hours, should submit C-Forms.
Can Canadian citizen with OCI work in India?
Yes! You can work in India with an OCI card. The OCI card or Overseas Citizenships of India card is a lifelong visa that gives you the chance to work or live in India. Also, you can enter India at all the times you would like.
What are the benefits of OCI card in India?
The OCI Card facilitates visa-free travel to India, rights of residency and participation in business and educational activities in the country if you are of Indian origin.
Can OCI sell property in India with power of attorney?
As per the Registration Act, 1908, whenever an NRI sells or purchases a house property, both parties must be present physically while registering the transaction. If the buyer or seller is not present to sign the documents, a trusted person can be appointed as the Power of Attorney.
Do I need to carry old passport with OCI?
A: You will be allowed entry into India if you have a valid OCI Card and a valid foreign passport. You do not need to carry the old passport on which your "U” (OCI) Visa was stamped, if that happens to be different from your current passport.