As a foreign national, you can repatriate funds from the sale of your ESOP or Promoter holdings, provided you have a demat and trading account with Navia. Once the stocks are sold, the sale proceeds will be credited to your trading account with Navia.

How to Sell Your Stocks : If you haven’t sold your stocks yet, you can either create a ticket from the option below and specify the quantity and sale price or Log in to the trading platform [here] and place the sell order at your convenience.

Steps to Repatriate Funds

To initiate the repatriation process, notify Navia by creating a ticket from the option below and provide the following details/documents:

1. Purchase Details : Submit a soft copy of the Allotment Letter issued by the company, detailing:

• Stock allotment details
• Exercise price
• Fair market value

2. RBI Approval Documents : Provide a soft copy of the RBI approval document for the ESOP/Promoter holding along with the FCTRS/FCGPR Acknowledgement Number. This document is typically issued by the company.

3. Bank Details : Submit a signed soft copy of Form A2 (PDF) required for foreign remittances.

4. Non-Resident Declaration: Provide a soft copy of the Non-Resident Declaration (PDF) as per the RBI format in the FIRMS Manual.

Mailing Address: As mentioned in our Contact Us page. 

What Navia Does for You

1. Tax Calculation & Compliance: External CA Computes any tax obligation on the sale proceeds and remits it on your behalf.

2. Coordination with Auditor for Form 146: Obtains Form 146, a certificate issued by a Chartered Accountant (CA), required under Section 393 of the Income Tax Act, 2025 for tax deduction at source (TDS) on foreign remittances.

3. Preparation & Filing of Compliance Forms

• Files Form 145 with the Income Tax Department before submitting the payment request to the bank.
• Prepare  Form A2, required by RBI for foreign remittances.
• Files FCTRS/FCGPRS through the RBI FIRMS Portal within 60 days of share transfer/payment, ensuring compliance with FEMA, 1999.

4. Bank Documentation & Processing: Provides the necessary documents to the remitting bank, including:

• Contract Note
• DP Transaction Statement
• Ledger Statement
• Other compliance documents

Applicable Service Charges

Note: 1) Remittance are done for the following Currencies

         2) The applicable charges will be debited to the account on receipt of the request. Charges                once debited will not be refunded.