Property and inheritance in India
A home, land or inheritance in India while you live in the Netherlands.
Indians abroad (NRIs) and holders of an OCI card may buy and own residential and commercial property in India, but generally not agricultural land, plantations or farmhouses; they can inherit those. The rules come from the Reserve Bank of India under the foreign exchange law FEMA, which also sets how much money you may transfer abroad after a sale.
If you cannot travel to India yourself, you give someone a power of attorney. You sign it at the Indian embassy or have it apostilled. Bear in mind that the Netherlands taxes your worldwide assets: Indian property belongs in your tax return, and an inheritance can have consequences in both countries. Use a notary or tax adviser who knows both systems.
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Useful links
- Reserve Bank of India rbi.org.in
Rules on property and remittances for NRIs and OCIs. - Belastingdienst belastingdienst.nl
Foreign assets and inheritance tax. - Notaris.nl notaris.nl
Inheritance explained and finding a notary (in Dutch). - Embassy of India, The Hague indianembassynetherlands.gov.in
Attestation of powers of attorney and other documents.