Hi there, I have only just found this website and it interests me.
I am looking at investing in India and have been speaking to a company who are selling land on a gated development in punjab area.
basically they are saying that me as an english national will have to set up a company to own the land? now I have invested in thailand and fully understand how it works there with shareholders and myself being the director of the company, this seems a bit different...
they are saying that the funds will be taxed higher if i send them back before 3 years and that all I do when I have sold my land is wind the said company down/resign as director???
now correct me if I am wrong but I am led to believe if you wind any company down anywhere that is financially positive there must be costs or other taxes to pay than just capital gains tax?
has anyone here bought the way I am being proposed?
can anyone share there experience?
am I being scammed?
many thanks in advance and I look forward to any advice given
