LRS, ODI and moving capital across borders Last updated: September 2026. Reviewed against RBI, DPIIT and Income Tax Department notifications current as of this date. Cross-border investing gets more complicated once money starts moving between India and another country. If you are an Indian founder funding a US LLC, setting up a UAE company, or managing a business across multiple jurisdictions, you need to understand how money can move out of India, what reporting applies,

Most guides tell you 'yes, you can own a US LLC.' This one tells you what RBI, the IRS, and India's tax department actually expect from you every year — including the $25,000 filing almost everyone misses.

Forming your US LLC is only the first step. This 90-day compliance checklist covers EIN, business banking, Form 5472, annual reports, RBI compliance for Indian founders, and other essential tasks to keep your business compliant and avoid costly penalties.