{ "media_type": "text", "post_content": "Inheritance in india-\nHave a significant inheritance in india that I’m looking to invest/park somewhere safe. Anyone know what can be done? I don’t like land due to the “black money” component that will be hard to liquidate and bring here. Fd are insured only upto 1.5L rupees and private lending seems super risky due to lengthy judicial process.\nAnyone have tips? Only child so no sibling to trust investments/money with in case I wanna put it in a business there.", "post_id": "616a349de6fd77003ae20cf0", "reply_count": 52, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Inheritance in india- Have a significant inheritance in india that I’m looking to invest/park somewhere safe. Anyone know what can be done? I don’t like land due to the “black money” component that will be hard to liquidate and bring here. Fd are insured only upto 1.5L rupees and private lending seems super risky due to lengthy judicial process. Anyone have tips? Only child so no sibling to trust investments/money with in case I wanna put it in a business there.

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If its in India, invest in a restaurant. I invested some surplus cash back in 2016 in a restaurant partnership and have seen the investment increase over time (except 2020). Have been happy with the returns. You just need a right group of people to partner with.

Made my life miserable until I hired a proper CPA

Weird flex but okay

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OK, so here's what you have to do.

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Op are you that hot and comes with money strapped. I may just get you on my personal jet.

Start a squid games kind of thing in India

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What’s significant to you

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Why would people take time out of their day to give you 10 different solutions? You need to specify or accept your question is insufficient for an answer.

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One option is to spend money in India, for e.g. buy flight tickets from India instead of US Saving options will be gold, diamond and any jewelry. Fixed deposits are another option.

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Spend money from india did not cross my mind but makes sense.

Bitcoin all of it. I'm not even joking.

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I see value in cryptocurrency but not sure about bitcoin, Can anyone tell me why bitcoin will be there in 10 years.

Move it to America

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If you are a US Perm resident or Naturalized Citizen you’ll need to pay tax on it - even if it stays in India. I’d recommend hiring good accountants in both the US and India to lay out options and implications.

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How much money are you talking about here? Is it more than 50Cr. ? You can look into becoming an HNW client of a bank or PE firm.

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Pwc 1 I didn’t really understand your point completely and will research on this. Thanks for a starting point.

I can’t even do the conversion to US dollars so clearly I’m no help. Good luck, you’ll figure it out!

Okay, thank you. For 1/2 mil I’m willing to make OP some offers 😂

Could you park it in another country like Switzerland without tax implications?

you can invest it there the same as you would in the US. Looks like UBS may have offices in India. UBS or a similar global investment firm may be able to give you some advice.

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But are you single?

Yes I am. 😂

Invest in Canada, and if you don't already have North American passport it could expedite your journey.

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