Has it been a lot of years when you saw old friends and your relatives? Have you ever thought of returning back to your own country? The place where you can find your old memories back, i.e., India. It really feels like home when you are traveling to India. The culture, traditions, festivals and everything remain the same after years also.
It may be a long time when you have gone abroad for studies or higher studies. People get busy after leaving the country for learning and earning. Eventually, tends to forget the place where they were born and brought up. Then, this is the time to return back to the place where you belong.
There are a lot of things that you should take in consideration when you make up your mind for India. To get an Indian e-visa, there are formalities that you have to complete. There can be any reason for coming back to India. It always welcomes you. But there are certain formal procedures that one has to go through. So, now here is what exactly you need to have knowledge of.
Plan a shift
To plan a shift, there are little challenging things for you to take notice of. The first thing will be your residency status. It may depend on how you can be taxed. It depends on whether your stay India will be for settling permanently or for some days.
On what aspects your residency status is actually decided?
It can be divided into the categories below:
- Non-Resident (NR)
- Resident and ordinarily resident (ROR)
- Resident but not ordinarily a resident (RNOR)
According to these residency statuses, it is decided about your tax imposition depending on your global income. When you come to India, it is necessary that you know that you will have to pay the income tax.
Remember that your residential status changes when the year changes. Hence, for every year the status is different.
You may be puzzled of whether you become a resident or a non-resident. So, to understand this, you must know that it depends on the number of days you stay here in India.
- If you stay 182 days or more than that in a financial year, you become a resident.
- And if you stay for 60 days or more and a year or more in the last 4 financial years, you become a resident (This does not apply on the citizens of India or person having parents or grandparents of India or the person who has gone for job purpose.)
To know if your residency status is ROR or RNOR, you must know
- You have lived here for a minimum of two years from the last 10 financial years.
- You have stayed for 730 days or more in the last 7 financial years.
For a ROR, the above two things must be there. And for RNOR, the above conditions must not be true or even any one condition does not follow, then you fall under RNOR.
Ensure your Health policies
If you come from a country where you have all the insurance and health covers, may not work for India. So, before you come for a long-term settlement to India you must look for the companies which would cover your health issues. You may find this hard to digest that coming to your own country is a tough task but this is among the crucial things you should consider before coming to India.
The way you work to get an Indian e visa online, you must do it for your health cover too.
Investment and settlement
One of the requisites, that you consider for a future settlement is buying a property in your name. But one should go after this kind of investment when you have already stayed in India for some years. You may seek a different kind of problems as the market for such property investment is at a higher risk of loss.
So better live in the house on rent, if you are a novice. Before a settlement in India make sure you have allies in your connection in India.
Hence, these are some of the things that Indians living outside the country i.e. NRI, must know when they apply for a tourist visa or an Indian visa online.