HOW DO GET PAN CARD FOR FOREIGN INVESTORS ( FOREIGN NATIONALS )

Finance ministry has simplified norms for foreign nationals and foreign institutional investors to obtain Permanent Account Numbers (PAN), also KYC (know your customer) compliance for any investment they make in Indian stocks.


1. foreign national will have to produce either her/his citizenship number or taxpayer identification number to obtain a PAN.
2. introduce a new Form 49AA for foreign nationals and FIIs.
3. The revised guidelines ensure that  They can get copies of their documents attested by recognized authorities in their respective countries. Several countries and trade and industry organizations had represented the finance ministry seeking changes in the rules, in particular documents to be accepted as proof of identity and address and their attestation.
4. The department of economic affairs and the central board of direct taxes (CBDT) also worked on the requirements of PAN and meeting KYC obligation. "Since most of the basic information for both are common, it was decided to harmonize them into one so that compliance burden for a foreign investor is substantially reduced," said a senior finance ministry official. The directorate of Income Tax has devised a single integrated form that incorporates the requirements of both PAN and KYC.

SEE ALSO:
HOW TO APPLY PAN CARD ONLINE
How To Apply For PAN Card

How Do I Get PAN Card
Parmanent Account Number

UID,UIDAI,AADHAAR
INCOME TAX INFORMATION
LPG, RATION CARD INFORMATION
E-STAMP INFORMATION