The city of Hyderabad has seen a surge in interest from Non-Resident Indians (NRIs) looking to set up their businesses. With its unique blend of tradition and modernity, the city is becoming an attractive destination for NRIs seeking a better quality of life.
Reasons Behind the Preference
Houston, Texas-based real estate consultant, Suresh Kumar, attributes the interest to several factors. The state government in Telangana has been actively promoting its business-friendly policies and investment incentives.
One of the main reasons for the preference is the lower operational costs compared to major US cities like New York or San Francisco. According to Kumar, the cost of living in Hyderabad is significantly lower than in the US, making it an attractive option for NRIs looking to set up their businesses.
Another factor contributing to the interest is the business-friendly policies and investment incentives offered by the state government. Telangana has implemented several initiatives to attract foreign investors, including tax incentives and simplified regulatory processes.
- Business-friendly policies and investment incentives
- Lower operational costs compared to major US cities
- Simplified regulatory processes for foreign investors
The city boasts well-developed infrastructure, including an international airport and a comprehensive public transportation system. This makes it easier for NRIs to establish their businesses.
Infrastructure and Logistics Support
The presence of major tech companies like Google, Microsoft, and Amazon has also contributed to the city’s growing business ecosystem. This creates opportunities for startups and entrepreneurs alike.
The city is also home to several international schools, hospitals, and shopping centers, making it an attractive option for NRIs who value quality of life.
Taxation and Legal Framework
The Indian government offers several tax incentives to NRIs who invest in businesses set up in Telangana. These incentives include a reduced corporate tax rate of 20% for eligible companies.
The state also has a well-established legal framework, which provides clarity and certainty for investors.
Conclusion
In conclusion, Hyderabad’s unique blend of tradition and modernity, combined with its business-friendly policies and investment incentives, makes it an attractive destination for NRIs seeking to set up their businesses in the US.
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