RBI Clarifies New FEMA Rules for SaaS Startups and Freelancers

RBI Governor Sanjay Malhotra clarified the new foreign exchange reporting framework, easing concerns that individuals and SaaS startups undertaking cross-border transactions would face onerous compliance. SaaS founders should review the detailed thresholds on remittances and ensure payment flows are correctly reported, as clarity on limits reduces friction for recurring revenue models.

Source: Inc42 ↗