Cryptocurrency Arbitrage between USA and India exchanges

1 year ago

I am a U.S citizen. I was wondering if I could start a business in India to trade cryptocurrencies. My plan is to buy cryptocurrencies on a United States exchange, send them to an Indian exchange and sell them for a profit. As a United States citizen, I cannot access Indian crypto exchanges. That is why I am wondering if a could use a business to access the Indian crypto exchanges. The Indian crypto exchange I would use is CoinDCX.
Here are my questions:
1. Can I trade on CoinDCX using a business?
2. What are the taxes if I profit?
3. What are the fees for converting INR to USD and sending it from my business account to an American account?
4. Do I need a physical address for my business?
5. Do I have to visit India physically?
6. Can you keep records for my business for taxes and regulations?
7. Do I have to create a business in the United States as well? Is there anything I should do in regards to United States taxes and regulations?
8. Can a foreigner start a one person company? If not, can one person start a private LLC? If not, can you provide me with an eligible partner?