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What is a Limited Liability Partnership (LLP), and what are their options for repatriating profits from India?
Q&ALimited Liability Partnerships (LLPs) were first introduced in India in 2008. LLPs are given legal entity status and limited liability of stakeholders. They receive the advantages of a company, as well as the operational flexibilities of a partnership. LLPs are not required by the government to obtain approval for the remittance of profits from India, once all relevant taxes have been paid.
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