Unlocking Opportunities: India’s Latest Immigration Moves

Under this scheme, residents can remit funds up to a specified limit for various permissible transactions.

India’s recent adjustments to its immigration policies, particularly concerning the Liberalised Remittance Scheme (LRS), have sparked discussions among experts and professionals alike.

February and April, are crucial months pivotal for business transactions. (Image: IE/AP)

Understanding the Liberalised Remittance Scheme (LRS)

The LRS, introduced by the Reserve Bank of India in 2004, aims to simplify foreign fund transfers, easing restrictions set by the Foreign Exchange Management Act, of 1999. Under this scheme, residents can remit funds up to a specified limit for various permissible transactions, bridging the gap for Indians seeking international opportunities.

Varun Singh, MD of XIPHIAS Immigration, sheds light on the significance of these changes, especially during crucial months like February and April, which are pivotal for business transactions.

According to Singh, “With over 6000 families our company has assisted in migration, as it caters to a wide spectrum of clientele, from skilled professionals to High-Net-Worth Individuals (HNIs), facilitating pathways such as golden visas and EB-5 investments.”

“In the realm of technology, our company unveils tailored immigration programs tailored for tech professionals. With an eye on the global talent pool, we have highlighted avenues like Australia’s Global Talent Visa (GTV) and the UK’s Global Talent Immigration (GTI) program, opening doors for senior management professionals with lucrative opportunities abroad,” he adds.

Adding, “Moreover, the government’s exploration of Mobility Agreements with various nations presents a promising avenue. XIPHIAS, with its global expertise and robust platform, stands ready to leverage these agreements, facilitating seamless transitions for IT and ITES companies and handling a multitude of applications efficiently.”

“Recognizing the dual importance of meeting labour demands worldwide and catering to individuals seeking better prospects, we go beyond merely filling vacancies, and empower individuals to pursue their dreams of a better life elsewhere,” he adds.

Since its inception, Singh states that his company has remained committed to exceeding client expectations and guiding individuals toward global citizenship. “By demystifying the immigration process, XIPHIAS ensures that no one feels left out due to lack of information, thereby unlocking a world of opportunities for those with the courage to pursue them,” he adds.