Is it possible for me to legally trade forex in the global market from India? I understand the FEMA Act restricts individual forex trading, but allows it through companies. Should I form a company, a sole proprietorship, or a partnership to start trading?

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Law Forum › Category: Documentation › Is it possible for me to legally trade forex in the global market from India? I understand the FEMA Act restricts individual forex trading, but allows it through companies. Should I form a company, a sole proprietorship, or a partnership to start trading?
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Apni Law Staff asked 7 months ago

Is it possible for me to legally trade forex in the global market from India? I understand the FEMA Act restricts individual forex trading, but allows it through companies. Should I form a company, a sole proprietorship, or a partnership to start trading?

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Best Answer

Apni Law Staff answered 7 months ago

Indian law doesn’t explicitly prohibit individual forex trading, but it’s not clearly permitted either. While FEMA allows forex trading through companies, it’s best to consult a legal expert to determine the most suitable business structure for your situation, considering compliance and tax implications.

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