I have been practicing Forex Trading since a while now and I think it's time to pursue it but, I found RBI has stated that Indian citizens cannot trade forex through a Global Broker (Non SEBI Regulated) and also the tradable pairs are limited to INR as a base currency.
Therefore I decided to set up a trading firm in the UK and then open a corporate account in one of the UK Brokers, regulated by the UK Gov Body. By doing this, I would be trading in the name of my company and would be doing transactions with the UK Bank thus having no connection with RBI and India's Forex Reserve.
Also, my money would be secure as the broker would be regulated by the UK Gov. Also the payment I will personally get would be termed as Salary from my company for being the director and would be taxed in India accordingly.
I just want your professional view on my plan to trade Forex.