What are the conditions for foreign investment in Limited Liability Partnerships (LLPs)?

Foreign Investment in Limited Liability Partnerships (LLPs) is permitted subject to the following conditions: Foreign Investment is permitted under the automatic route in Limited Liability Partnership (LLPs) operating in sectors activities where 100% FDI is allowed through the automatic route and there are no FDI-linked performance conditions. An Indian company or an LLP having foreign investment, is also permitted to make downstream investment in another company or LLP in sectors in which 100% FDI is allowed under the automatic route and there are no FDI-linked performance conditions. Conversion of an LLP having foreign investment and operating in sectors/activities where 100% FDI is allowed through the automatic route and there are no FDI-linked performance conditions, into a company is permitted under automatic route. Similarly, conversion of a company having foreign investment and operating in sectors/ activities where 100% FDI is allowed through the automatic route and there are no FDI-linked performance conditions, into an LLP is permitted under automatic route. Foreign Investment in LLP is subject to the compliance of the conditions of LLP Act, 2008.