FEMA Form (I) for LLP
An LLP can take foreign investment, but only in certain sectors — and the reporting window is 30 days from receipt, not from the agreement.
Form FDI-LLP(I) reports capital contribution or profit share received by an Indian LLP from a person resident outside India, and is filed on the RBI's FIRMS portal within 30 days of receipt of the contribution. Foreign investment in an LLP is permitted only in sectors where 100% FDI is allowed under the automatic route with no FDI-linked performance conditions, and the contribution must be at or above a fair price certified by an eligible valuer.
What our Form (I) service covers
Eligibility, valuation and a filing within the window.
- Confirming the LLP's sector qualifies for foreign investment
- Checking that no FDI-linked performance conditions apply
- Obtaining a valuation certificate supporting the contribution amount
- Collecting the FIRC and KYC report from the AD bank
- Filing Form FDI-LLP(I) on the FIRMS portal within 30 days
- Late Submission Fee computation where the window has passed
The four checks before filing
Eligibility comes first; the form is the last step.
Sector eligibility
Foreign investment in an LLP is confined to sectors on the 100% automatic route without FDI-linked performance conditions.
Valuation
A fair-value certificate from a chartered accountant, cost accountant or approved valuer supporting the contribution.
Remittance evidence
The foreign inward remittance certificate and KYC report from the AD bank receiving the funds.
FIRMS filing
Form FDI-LLP(I) filed by the LLP within 30 days of receiving the capital contribution.
Our process
A short process with a hard deadline.
Eligibility review
Confirming the LLP's activity permits foreign investment before any funds are remitted.
Valuation
Obtaining the fair-value certificate that supports the agreed contribution.
Documentation
FIRC, KYC, partner consent and the amended LLP agreement where contribution changes.
Filing
Form FDI-LLP(I) filed on FIRMS within 30 days, tracked to acknowledgement.
Why LLP foreign investment needs care
What sets our approach apart.
Not every LLP qualifies
Sectors with FDI caps or performance conditions are closed to LLPs entirely, so the structure has to be checked before the investor commits.
Downstream investment is restricted
An LLP with foreign investment faces conditions on making downstream investment in other entities, which affects group structures.
The deadline runs from receipt
The 30-day clock starts when the contribution is received, not when the LLP agreement is amended or the partner is admitted.
FEMA Form (I) for LLP questions answered
What people ask before engaging us.
Bringing a foreign partner into an LLP?
We will confirm eligibility before the contribution is remitted, not after.
