Invest in Flier stock from India

Yes. Indian residents and NRIs can buy Flier (323A) shares directly through Paasa. Flier is listed on the Tokyo Stock Exchange, in the Software - Application industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.

Usually more than one, and not a fraction: the Tokyo Stock Exchange typically trades in units of 100 shares. At ¥380.00 a share, size the order by the lot, not by the share.

Flier does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India, and dividends are taxed at your slab rate in India.

Japan generally does not levy capital gains tax on non-resident individual investors. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the JPY/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.

Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. The rule looks at everything you hold there, not at Flier alone.