Exploring the prospect of obtaining permanent residency in India opens a gateway to a rich tapestry of culture, history, and diverse landscapes. With its vibrant economy and welcoming communities, India beckons individuals to embark on a transformative journey towards a lasting connection with this dynamic nation.
Does India have permanent residency?
Yes. India offers two pathways for acquiring permanent residency status (PRC): the OCI (Overseas Citizen of India) Card and the PIO (Persons of Indian Origin) Card. The OCI Card is designed for those who have relinquished Indian citizenship, providing a lifelong visa with multiple entries into the country. Individuals holding an OCI card for at least five years, having lived in India for a minimum of one year, are eligible to apply for Indian citizenship. On the other hand, the PIO Card is available to individuals with Indian roots or connections, offering a 15-year validity and permitting study and work in India without a visa requirement.
For those without Indian heritage, an alternative route to permanent residency exists through investment under the Foreign Direct Investment (FDI) route. This option requires a substantial investment of 1.5 million within 18 months, contributing to the employment of at least 20 locals or Indian residents annually.
For those without Indian heritage, an alternative route to permanent residency exists through investment under the Foreign Direct Investment (FDI) route. This option requires a substantial investment of 1.5 million within 18 months, contributing to the employment of at least 20 locals or Indian residents annually.
Permanent residency in India: requirements and documents
To initiate the permanent residency process in India, you are required to submit a set of essential documents. These include copies of your identification and visa, a recent photograph, and proof of residence. Additionally, you must provide copies of the FC-GPR form, an Annual Return on Foreign Liabilities and Assets submitted to the Reserve Bank of India (RBI) by the Indian company receiving Foreign Direct Investment. A copy of the confirmation letter issued by the RBI and the Income Tax Return submitted to the Income Tax Department, fulfilling the necessary conditions for obtaining Permanent Residency Status (PRS), are also integral parts of the documentation process.
Permanent residency with Indian passport: nuances
Acquiring permanent residency in India through an Indian passport is not a formalized process, as Indian citizens already have the right to reside in their home country indefinitely. Permanent residency is typically associated with the ability of foreign nationals to settle in a country. However, for Indian citizens, the focus is on other documentation such as the Overseas Citizen of India (OCI) or Persons of Indian Origin (PIO) cards when seeking extended privileges related to travel and residency abroad. It's important for Indian passport holders to explore specific programs or schemes, such as the OCI or PIO, for additional benefits and considerations related to residency and travel.
Permanent residency in India by marriage
For those seeking permanent residency in India through marriage, eligibility criteria include being married to an Indian citizen and maintaining ordinary residence in India for a continuous period of seven years preceding the registration application. Additionally, the applicant must have resided within India for the entirety of the 12 months immediately before submitting the registration application.
Indian permanent residency card: cost and processing time
The cost for obtaining an Indian permanent residency card is set at $388, with a reduced fee of $180 applicable for children below 18 years. The processing time for the application is estimated to be around six months.
