Remittor is a fintech platform that helps Non-Resident Indians (NRIs) sell property in India and transfer funds abroad with tax optimization and full compliance. The company manages the entire process end-to-end, from buyer identification and legal documentation to cross-border remittance, enabling clients to save up to 40% on property sales. Remittor also facilitates tax-free money transfers to Canada and the US, with support for repatriating up to Rs. 8 Crores without the 20% TCS.
Funding
Funding not disclosed
Founders
Product
Problem
NRIs selling property in India face a complex, time-consuming process involving legal paperwork, tax compliance, and cross-border banking regulations. Without local presence, they struggle to find verified buyers, manage Power of Attorney requirements, and navigate capital gains taxation, often losing significant value through high fees and unfavorable forex rates.
Solution
Remittor provides a fully managed, end-to-end service for NRI property sales and cross-border wealth repatriation. The company handles everything from buyer identification and legal documentation to tax optimization and RBI-compliant fund transfers, allowing clients to sell property in India without traveling. With a dedicated manager and on-ground teams across 15+ Indian states, Remittor ensures compliance while maximizing returns, helping clients save up to 40% per property through strategic tax exemptions and competitive forex rates.
Target Audience
Primary customers are Non-Resident Indians (NRIs) living in Canada, the US, and other countries who own property in India and need to sell, repatriate funds, or transfer wealth abroad with tax efficiency and full legal compliance.
Features
- End-to-end property sale management including verified buyer networks, legal checks, and registration support
- Power of Attorney preparation and apostille services at Indian consulates in the client's country of residence
- Tax optimization advisory for capital gains exemptions and deductions, with a net proceeds calculator
- RBI-compliant fund repatriation up to USD 1 million annually, with transfers up to Rs. 8 Crores and no 20% TCS
- Best forex rates across Indian banks for transfers to Canada and the US
- Real-time tracking dashboard providing full visibility across the sale and remittance process
- Post-sale assistance for up to 5 years, including tax filing and compliance support
- Dedicated relationship manager and on-ground support teams across 15+ Indian states