Who are OCI and PIOs?

Posted on by Author

Who are OCI and PIOs?

Initially Indian citizens living out of the country had the option of either applying for a Person of Indian Origin (PIO) Card or an Overseas Citizenship of India (OCI) card. These acted as a long-term traveling and identifying document in lieu of a visa.

What is difference between NRI PIO and CIO?

NRIs are people who are citizens of India who live abroad whereas PIOs are people who have Indian parents, grandparents or an Indian spouse. An individual who spent 182 days in India for one year will be known as an Indian resident whereas PIO cardholders can visit India at any time and stay for 180 days in India.

READ:   Can a clarinet be too old?

Are OCIs allowed to work in India?

OCI cardholders do not need a visa to visit, live or work in India.

Which one is better OCI or Visa?

If you require an OCI card for staying in India for under five years, opting for an India visa is an ideal choice. Thus, it saves you both time and money unlike applying for an OCI card. Moreover, in the case of your stay exceeding the 5-year mark, you can always apply for a new visa.

Are Ocis considered NRI?

The NRI status can also be given to citizens who live abroad but have the roots connected to India whether through their parents or guardians. On the other hand, OCI cardholders are foreigners or citizens who want to work or to study within the Indian territory.

Is PIO and OCI merger?

As of January 9, 2015, the PIO card scheme is no longer in effect and is now merged with the Overseas Citizen of India (OCI) card scheme. In accordance with the Government of India Gazette Notification No. 11 dated January 9, 2015, all PIO cardholders are now deemed OCI cardholders.

READ:   What percent does PayPal take from sales?

What is the meaning of Pio?

Person of Indian Origin
A Person of Indian Origin (PIO) means a foreign citizen (except a national of. Pakistan, Afghanistan Bangladesh, China, Iran, Bhutan, Sri Lanka and Nepal) who at any time held an Indian passport.

Is OCIs an NRIs?

OCIs enjoy similar economic, financial and education benefits as NRIs. OCIs holding a card for more than five years and those who have been living in India for at least one year are eligible for Indian citizenship.

What is the difference between Indian visa and OCI card?

What is the difference between NRI PIO and OCI?

NRI means Non-Resident Indian, PIO stands for Person of Indian Origin and OCI means Overseas Citizen of India. NRI is a residential status given to a citizen of India with an Indian Passport who resides in a foreign country for the purpose of work/business, or education.

What are the speicific packages for NRIs?

Speicific packages for NRIs ie NRI Income Tax Return, NRI 15CA 15CB, NRI Tax Advisory, NRI Value Added Services, NRI Capital Gain Tax Implication, NRI Property Sale, NRI TDS Exemption Certificate. Above information is helpful in clarifying various questions of NRIs, Expatriates and Other Non-Residents, such as:

READ:   Which is worse a tidal wave or tsunami?

What is an OCI card?

Due to increasing demand for dual citizenship, the Indian Government introduced an OCI card that authorised a foreign citizen of Indian origin to live and work in India for an indefinite period.

What is the eligibility criteria for NRI status?

The eligibility criteria for NRI status is that the person should be an Indian citizen with a valid Indian Passport and should reside outside of India for at least 183 days or more in a financial year (April 1st – March 31st). Being an NRI is only a residential status classified by the Income-Tax of India.