--- title: "India PRS · Foreign investor 2026: from ₹100M needed" url: https://settleanywhere.com/countries/india/prs-foreign-investor/ lang: en updated: 2026-10-12 --- India · Investing # India PRS · Foreign investor **Investment needed:** from ₹100M ≈ $1M Permanent Residency Status (PRS) for Foreign Investors Checked against official sources on 12 Oct 2026, some details partly verified [Change log](https://settleanywhere.com/changes/) - **Investment needed:** from ₹100M ≈ $1M (An investment of at least INR 100,000,000 (≈ $1,040,000) · Foreign direct investment brought in within 18 months. An investment of at least INR 250,000,000 (≈ $2,610,000) · Alternative: foreign direct investment brought in within 36 months.) - **First stay:** 1 yr 6 mo (Investor business visa for 18 or 36 months, then PRS for 10 years with multiple entry, renewable for another 10 years; no stay stipulation or FRRO registration.) - **Who can apply:** Most passports (Excludes Pakistani citizens and third-country nationals of Pakistani origin.) - **Tax angle:** Tax relief (Not ordinarily resident (RNOR) status: foreign-source income largely outside tax: A resident individual who is 'not ordinarily resident' in India is taxed on income received or accruing in India, and on foreign-source income only when it comes from a business controlled in or a profession set up in India.) ## Key facts PRS · Foreign investor is an investing route for India. Applicants need an investment from ₹100M ≈ $1M. You can stay 1 yr 6 mo, renewable. Checked 2026-10-12 against the official source. - **Money needed:** from ₹100M ≈ $1M - **First stay:** 1 yr 6 mo ## Cost, time and long term **Invested and held: ₹100M+ ≈ $1M · ₹250M+ ≈ $2.6M** - INR 100,000,000 (≈ $1,040,000) Foreign direct investment brought in within 18 months. - INR 250,000,000 (≈ $2,610,000) Alternative: foreign direct investment brought in within 36 months. **Renewal: Renewable** PRS is granted for 10 years with multiple entry and can be renewed for another 10 years if the holder has not come to adverse notice. [Press Information Bureau](https://www.pib.gov.in/newsite/PrintRelease.aspx?relid=149376®=3&lang=2) **Permanent residence: Time here counts** PRS follows the initial investor business visa of 18 or 36 months; you apply online to the FRRO or FRO once the investment and job-creation conditions are met. [Ministry of Home Affairs, India](https://www.mha.gov.in/sites/default/files/AnnexIIIDetailsofVisas_20082020.pdf) **Presence rules: Stay rule** PRS works as a multiple-entry visa with no stay stipulation. [Ministry of Home Affairs, India](https://www.mha.gov.in/sites/default/files/AnnexIIIDetailsofVisas_20082020.pdf) ## Why this route may not fit Check this before you apply. - Not open to passports from Pakistan ### What you'll need #### Who can apply - The investment goes through the FDI route and generates employment for at least 20 resident Indians in every financial year. - Top management executives are excluded and use the Employment visa. - The route is not applicable to Pakistani citizens or third-country nationals of Pakistani origin. #### What you must show - Foreign direct investment of INR 100,000,000 (≈ $1,040,000) or more is brought in within 18 months. - Alternatively foreign direct investment of INR 250,000,000 (≈ $2,610,000) or more is brought in within 36 months. #### Steps 1. The applicant first holds an investor business visa for 18 or 36 months, without stay stipulation or FRRO registration; the Visa Manual of 20 August 2020 calls it the B-4 Visa (Investor). 2. The applicant then applies online for PRS to the FRRO/FRO. #### After you arrive - The PRS holder files Form FC-GPR and the annual return on foreign liabilities and assets each year. - The PRS holder files the RBI acknowledgement and the income tax return each year. - An employment-generation certificate by the statutory auditor is also filed each year. ## When you become tax resident How India decides tax residence and treats foreign-source income, from its tax records. - **Stay on this route:** **18 months at first, renewable** - **Tax residence:** - **More than 729 days in a preceding seven tax years** Presence above 729 days (together with residence in two of the ten preceding years) makes an individual ordinarily resident; 729 days or less gives RNOR status - **At least 182 days in a tax year (1 April to 31 March)** Resident in India - **At least 60 days in a tax year, together with 365 days or more in the preceding four tax years** Alternative resident test - **At least 120 days in a tax year, together with 365 days or more in the preceding four tax years** Alternative test for citizens or persons of Indian origin with Indian income above INR 15 lakh (≈ $15,600) - **Foreign-source income:** **RNOR relief** A resident individual who is 'not ordinarily resident' in India is taxed on income received or accruing in India, and on foreign-source income only when it comes from a business controlled in or a profession set up in India. - **Special regime:** **Foreign-source income largely outside tax** · Tax relief [All tax rules for India](https://settleanywhere.com/countries/india/tax/) Tax records checked 12 Oct 2026 **Full official text** Permanent Residency Status for foreign investors under the FDI route who bring in at least INR 10 crore (≈ $1,040,000) within 18 months or INR 25 crore (≈ $2,610,000) within 36 months and create jobs for at least 20 resident Indians each financial year; the investor first holds an investor business visa for 18 or 36 months. (sources 1, 2, 3, 4) #### What you must show - An investment of at least INR 100,000,000 (≈ $1,040,000) · Foreign direct investment brought in within 18 months. (sources 1, 2) - An investment of at least INR 250,000,000 (≈ $2,610,000) · Alternative: foreign direct investment brought in within 36 months. (sources 1, 2) #### Requirements - The investment goes through the FDI route and generates employment for at least 20 resident Indians in every financial year. (sources 1, 2) - Top management executives are excluded and use the Employment visa. (sources 1, 2) - The route is not applicable to Pakistani citizens or third-country nationals of Pakistani origin. (source 1) - Foreign direct investment of INR 100,000,000 (≈ $1,040,000) or more is brought in within 18 months. (sources 1, 2) - Alternatively foreign direct investment of INR 250,000,000 (≈ $2,610,000) or more is brought in within 36 months. (sources 1, 2) - The applicant first holds an investor business visa for 18 or 36 months, without stay stipulation or FRRO registration; the Visa Manual of 20 August 2020 calls it the B-4 Visa (Investor). (source 4) - The applicant then applies online for PRS to the FRRO/FRO. (source 1) - The PRS holder files Form FC-GPR and the annual return on foreign liabilities and assets each year. (source 1) - The PRS holder files the RBI acknowledgement and the income tax return each year. (source 1) - An employment-generation certificate by the statutory auditor is also filed each year. (source 1) #### Stay - Investor business visa for 18 or 36 months, then PRS for 10 years with multiple entry, renewable for another 10 years; no stay stipulation or FRRO registration. - Initial permitted stay: 18 months. - Renewable, subject to the conditions in force at renewal. #### Nationality Excludes Pakistani citizens and third-country nationals of Pakistani origin. Not open to: Pakistan. #### Work Multiple-entry residence without stay limit; the holder may buy one residential property for dwelling; spouse and dependants may take private-sector employment and study without a Student visa. #### Family Spouse and dependants receive PRS or B-4X visas on the same terms; spouse and dependants may take private-sector jobs without the salary floor. #### Fine print The investment amounts, the 20-jobs rule and the first-step visa come from the Cabinet release of 31 August 2016 and the Visa Manual of 20 August 2020. The Bureau of Immigration's current visa list still shows PRS for foreign investors but gives no figures, and it now uses the code B-4 for the Production Investment Business Visa, granted only as an e-visa, so the first-step visa may have a different code today. Checked 2026-10-12 · partly verified ## Official sources 1. [Details of visas granted by India (Visa Manual extract, Annex III)](https://www.mha.gov.in/PDF_Other/AnnexIII_01022018.pdf) · Ministry of Home Affairs, India · checked 2026-10-12 · published 2018-02-01 2. [Cabinet approves grant of Permanent Residency Status to Foreign Investors (PIB, 31 Aug 2016)](https://www.pib.gov.in/newsite/PrintRelease.aspx?relid=149376®=3&lang=2) · Press Information Bureau · checked 2026-10-12 · published 2016-08-31 3. [List of Visas (B, E, F, S, X, T categories)](https://boi.gov.in/boi/contents/visa-oci/apply-for-visa/list-of-visas) · Bureau of Immigration, Ministry of Home Affairs · checked 2026-10-10 4. [Details of visas granted by India (Visa Manual Annex III, 20 August 2020)](https://www.mha.gov.in/sites/default/files/AnnexIIIDetailsofVisas_20082020.pdf) · Ministry of Home Affairs, India · checked 2026-10-12 ## PRS · Foreign investor and its alternatives | Route | Money needed | Stay | Work | | --- | --- | --- | --- | | PRS · Foreign investor | Needs an investment from ₹100M ≈ $1M | 1.5 yr, renewable | – | | [LTR · Wealthy Global Citizen](https://settleanywhere.com/countries/thailand/ltr-wealthy-global-citizen/) Thailand | Needs an investment of $500k+ | 5 yr, renewable | Yes | | [Golden Visa · Portfolio $350k](https://settleanywhere.com/countries/indonesia/e28c-golden-capital-market-investor/) Indonesia | Needs an investment from $350k | 5 yr, renewable | – | | [Golden · AED 2M deposit](https://settleanywhere.com/countries/united-arab-emirates/golden-investor-public-investment/) United Arab Emirates | Needs an investment of AED 2M+ ≈ $545k | 10 yr, renewable | – | | [Global Investor Programme](https://settleanywhere.com/countries/singapore/global-investor-programme/) Singapore | Needs an investment from SGD 10M ≈ $7.8M | – | – | ## Questions people ask ### How much money do I need for the PRS · Foreign investor? An investment of at least INR 100,000,000 (≈ $1,040,000). Foreign direct investment brought in within 18 months. An investment of at least INR 250,000,000 (≈ $2,610,000). Alternative: foreign direct investment brought in within 36 months. ### How long can I stay on the PRS · Foreign investor? Investor business visa for 18 or 36 months, then PRS for 10 years with multiple entry, renewable for another 10 years; no stay stipulation or FRRO registration. ### Can I work on the PRS · Foreign investor? Multiple-entry residence without stay limit; the holder may buy one residential property for dwelling; spouse and dependants may take private-sector employment and study without a Student visa. ### Can I bring my family on the PRS · Foreign investor? Spouse and dependants receive PRS or B-4X visas on the same terms; spouse and dependants may take private-sector jobs without the salary floor. ### Who can apply for the PRS · Foreign investor? Excludes Pakistani citizens and third-country nationals of Pakistani origin. Not open to: Pakistan. ### Does the PRS · Foreign investor lead to permanent residence in India? Time on the PRS · Foreign investor counts toward permanent residence in India. ### Is there a tax break for PRS · Foreign investor holders in India? Not ordinarily resident (RNOR) status: foreign-source income largely outside tax: A resident individual who is 'not ordinarily resident' in India is taxed on income received or accruing in India, and on foreign-source income only when it comes from a business controlled in or a profession set up in India. It's separate from the visa and has its own conditions. ## Tax Special regime ### [Not ordinarily resident (RNOR) status: foreign-source income largely outside tax](https://settleanywhere.com/countries/india/tax/#tax-in-rnor-status) Tax relief Foreign-source income: RNOR relief **Details** - On: Income received or accruing in India - Limit: ₹1.5M/yr ≈ $16k A resident individual who is 'not ordinarily resident' in India is taxed on income received or accruing in India, and on foreign-source income only when it comes from a business controlled in or a profession set up in India. #### Taxed on Income received or accruing in India, plus foreign-source income derived from a business controlled in India or a profession set up in India. #### Who it applies to - Resident in India for the tax year but non-resident in nine of the ten preceding years, or present in India 729 days or less in the seven preceding years. - Indian citizens or persons of Indian origin who visit India for 120 to 181 days with Indian-source income above INR 15 lakh (≈ $15,600) are treated as not ordinarily resident. - Indian citizens deemed resident because Indian income exceeds INR 15 lakh (≈ $15,600) and they are liable to tax nowhere else are treated as not ordinarily resident. - From tax years beginning on or after 1 April 2026 the rule is section 6(13) and section 5 of the Income-tax Act 2025; the criteria match the 1961 Act. #### Exclusions - Ordinarily resident individuals (more than 729 days in the preceding seven years and resident in at least two of the preceding ten years) are taxed on worldwide income. #### Limits - INR 1,500,000 a year (≈ $15,600) · Indian-source income (other than foreign-source) above which a citizen not taxed elsewhere is deemed resident, as RNOR #### Days in the country - More than 729 days in preceding seven tax years · Presence above 729 days (together with residence in two of the ten preceding years) makes an individual ordinarily resident; 729 days or less gives RNOR status #### Tax residence RNOR status is annual and tests look back to years governed by the 1961 Act. #### Visas Visa type is irrelevant; status depends on days of presence and past residence. #### Other taxes Goods and services tax, surcharge and cess apply separately. Checked against official sources on 12 Oct 2026 [Change log](https://settleanywhere.com/changes/) [Full page →](https://settleanywhere.com/countries/india/tax/) ## More in India [Employment visa (E-1)](https://settleanywhere.com/countries/india/employment-visa/) [Consultant visa (E-1)](https://settleanywhere.com/countries/india/employment-visa-consultant/) [NGO employment (E-2)](https://settleanywhere.com/countries/india/employment-visa-ngo-e2/) [Intern visa](https://settleanywhere.com/countries/india/intern-visa/) [Research visa](https://settleanywhere.com/countries/india/research-visa/) [e-Student visa](https://settleanywhere.com/countries/india/e-student-visa/) [Student visa (S-1)](https://settleanywhere.com/countries/india/student-visa-s1/) [OCI card by descent](https://settleanywhere.com/countries/india/oci-by-descent/) ## Investment visas elsewhere [🇲🇾 Premium Visa (PVIP)](https://settleanywhere.com/countries/malaysia/pvip/) [🇻🇳 Investor visa ĐT1](https://settleanywhere.com/countries/vietnam/investor-dt1/) [🇰🇷 D-8-1 Business Investment](https://settleanywhere.com/countries/south-korea/d8-1-corporate-investment/) [🇹🇼 Plum Blossom · Business](https://settleanywhere.com/countries/taiwan/aprc-investor-business/) [🇭🇰 New CIES · HK$30M](https://settleanywhere.com/countries/hong-kong/new-cies/) [🇵🇭 SIRV · $75k](https://settleanywhere.com/countries/philippines/sirv/) ≈ USD figures are approximate: daily reference rates from ExchangeRate-API, dated 12 Oct 2026, refreshed when the site is updated. ## How this was checked **Checked on 2026-10-12 against 4 official sources.** Status: partly verified; the page marks the facts an official source does not fully confirm. Every figure on this page comes from the official source it links to. The record was researched against these sources, then reviewed separately, with special attention to effective dates and amendments. Where a source does not state something, the page leaves it out. 1. [Details of visas granted by India (Visa Manual extract, Annex III)](https://www.mha.gov.in/PDF_Other/AnnexIII_01022018.pdf) · Ministry of Home Affairs, India · checked 2026-10-12 2. [Cabinet approves grant of Permanent Residency Status to Foreign Investors (PIB, 31 Aug 2016)](https://www.pib.gov.in/newsite/PrintRelease.aspx?relid=149376®=3&lang=2) · Press Information Bureau · checked 2026-10-12 3. [List of Visas (B, E, F, S, X, T categories)](https://boi.gov.in/boi/contents/visa-oci/apply-for-visa/list-of-visas) · Bureau of Immigration, Ministry of Home Affairs · checked 2026-10-10 4. [Details of visas granted by India (Visa Manual Annex III, 20 August 2020)](https://www.mha.gov.in/sites/default/files/AnnexIIIDetailsofVisas_20082020.pdf) · Ministry of Home Affairs, India · checked 2026-10-12 Tracked since 2026-10-10. Rule changes and corrections are listed on the [changes page](https://settleanywhere.com/changes/), and the [methodology page](https://settleanywhere.com/methodology/) explains how facts are checked. Found something out of date? Email [contact@stayglobe.app](mailto:contact@stayglobe.app?subject=Correction) with a link to the official source.