neeraj19a
TF Buzz
Hi Everyone,
I’m a digital nomad currently working remotely for a European company. Previously, I was based in Singapore and Dubai, and now I’ve transitioned into a fully remote role.
I’m exploring the feasibility of a setup to maintain my NRI status and fulfill upcoming RE-KYC requirements for my Indian bank accounts. Here's my situation:
Does this approach sound solid, or is there anything I might be overlooking?
Thanks in advance for your input!
I’m a digital nomad currently working remotely for a European company. Previously, I was based in Singapore and Dubai, and now I’ve transitioned into a fully remote role.
I’m exploring the feasibility of a setup to maintain my NRI status and fulfill upcoming RE-KYC requirements for my Indian bank accounts. Here's my situation:
- I already hold an NRE account and receive my salary directly into it.
- Since I live outside India for over 200 days a year, I maintain NRI status.
- To meet RE-KYC and address proof requirements, I’m considering obtaining a UAE freelance visa along with an Emirates ID.
- I plan to visit the UAE twice a year to keep my residency status active.
- I would then use the UAE visa and Emirates ID/bank statements as proof of residency for Indian banks, while continuing to enjoy 0% tax benefits in India as an NRI.
Does this approach sound solid, or is there anything I might be overlooking?
Thanks in advance for your input!
