The Government of India introduced the Foreign Exchange Management Act 1999 (FEMA) to regulate foreign exchange transactions within India and outside India. With the development of foreign exchange reserves in India, compliances have also increased. Indian, international companies and individuals intending to conduct services outside India must comply with the relevant laws related to foreign regulations in India. Such individuals and entities need to comply with FEMA to avoid any penalties of non-compliance and facilitate better foreign exchange transactions within India and outside India, as well as render services by businesses outside India.