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RBI curbs on Macau investments

MacauThe Reserve Bank of India has included Macau and Hong Kong in the sensitive list of countries. This would mean that people and firms from Macau need to get prior approval from the central bank to set up businesses or companies in India or establish a branch, liaison office or project office. These two regions join a list that includes China, Pakistan, Bangladesh, Sri Lanka, Afghanistan and Iran. Entities from these countries are not allowed to acquire immovable property in India even for a branch office. They are allowed to lease property for a period not exceeding five years.

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