Expand your business to India with our GIFT City set-up services
We assist businesses in their expansion plan, right from the incorporation process to managing compliances. Our team has expertise in covering frameworks including fund management and fintech among others.
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Frameworks
Covered
Years of
Experience
Team of Professionals
Clients Advised
Frameworks
Covered
Years of
Experience
Team of
Professionals
Clients
Advised
With experience in facilitating over 200 transactions, our GIFT City professionals manage comprehensive services. We cover frameworks including aircraft leasing, ship leasing, fund management, capital markets, universities, and more.
Are you planning to set up a business in GIFT City?
Expanding your business to a new country may seem challenging, however, with InCorp, your business setup in GIFT City will be a seamless process. Our team of experts will assist you in effectively navigating through local regulations and tax structures.
As Gujarat International Finance Tech City is a major boost to India’s smart city missions, it comes with varying benefits for businesses entering Indian or global financial markets. Our professionals will ensure you receive customized support throughout the process. We aim to make your expansion plan a strategic advantage for your business.
Service Areas Within GIFT City Setup
Compliance Services
We establish entities within the International Financial Services Center Authority (IFSCA) framework in GIFT City by filing necessary applications with the IFSC and SEZ authorities. We also offer Disclosure and Reporting Compliance Services.
Company Incorporation
Make your company incorporation process seamless under our expert guidance. Our team will guide you through Regulatory Analysis, Structuring, Liaison and, Representation to ensure a smooth launch of your business.
Tax Advisory
We assist businesses in managing tax risks and costs. Our service offerings include Tax Litigation & Advisory, International Tax, Transfer Pricing Compliance, and Direct & Indirect Tax.
Managed Services
Streamline your finances at GIFT City with our comprehensive managed services. We offer Financial Reporting, Transaction Support and VCFO services to ensure your financial health and compliance.
Transfer Pricing
Navigate international tax regulations with our experts. We offer Transfer Pricing Benchmark & Reporting, and Representation Services to achieve tax efficiency and business growth.
Corporate Secretarial
Our corporate secretarial services include Entity Incorporation, ensuring smooth registration. Our experts will keep you compliant with all Companies Act Compliances and offer Regulatory Advisory to navigate the GIFT City landscape with ease.
InCorp Insights
Find information on the benefits of setting up a business in GIFT City, some of the latest announcements, technicalities involved, challenges faced, and possible solutions.
Frequently Asked Questions (FAQs) on GIFT City Company Setup
Some of the commonly asked questions about GIFT City are listed below. Is your question not answered? Write to us.
Incorporating your business in GIFT City is a step-by-step process following procedures and regulatory norms as listed below:
• Name reservation application (for new entity – Company / LLP)
• Identification of office space in GIFT SEZ
• Obtain Provisional Letter of Allotment (PLOA)
• Incorporation of Entity – LLP, Private Limited Company, Trust
• Application submission to SEZ Authorities / IFSCA (Admin) for SEZ registration
• Application submission to IFSCA officials for IFSCA registration
• Attend Unit Approval Committee (UAC) Meeting
• Obtain Letter of Permission/Approval (LOA) from SEZ officials
• Attend queries for IFSCA team on application for registration
• Obtain Registration / Approval from IFSCA
• Execution of Lease Deed
• SEZ License and Registration with NSDL Portal
• Obtaining ancillary registrations like GST
Both international and domestic entities can set up businesses in GIFT City. Banks, insurance houses, fund houses, broking houses, etc., technology-related companies like fintech, TechFin, etc., and all other service sectors, including ancillary services providers, foreign universities, etc, can be considered as potential business entities at GIFT City. These entities are required to comply with prescribed regulations set by the International Financial Services Centres Authority (IFSCA). The businesses are expected to have a growth plan and sound financial base for each set of regulations before operation commencement.
The International Financial Services Centres Authority (IFSCA) looks into the regulatory matters within GIFT IFSC as per the IFSCA Act, 2019. Representatives from RBI, SEBI, IRDA, and PFRDA are on the board of the IFSCA. The IFSCA has been established as a unified regulator with a vision to promote ease of doing business at GIFT. Its main objective is to develop deep global ties and focus on the rising needs of the Indian economy.
Yes, non-Indian entities can establish operations within IFSCs regulated by the IFSCA. These entities can benefit from the regulatory framework and incentives provided by the IFSCA to conduct various financial services activities within the IFSC ecosystem.
GIFT City offers various tax benefits, operational ease, simplified regulations, a pool of talent and a business-friendly environment for entities planning to set up their business at the SEZ. Some of the tax advantages include a 10-year income tax holiday, no levy of Goods and Services Tax (GST) and a lower Minimum Alternate Tax (MAT)/ (AMT). GIFT City also offers businesses an exemption from capital gains tax when they sell units within the zone subject to conditions.
There are three primary types of IFSC banking units which include Wholesale Banking Units (WBUs) catering to large corporates and institutional investors, Banking Units Including Dealing Rooms (BUDRs) offering a wider range of services, and International Banking Units (IBUs) focused on offshore banking activities.
Gujarat International Finance Tec-City Company which houses the country’s first International Financial Services Centre (IFSC) has entered an agreement with the Singapore International Arbitration Centre (SIAC) to resolve international commercial disputes.
Fintech/TechFin entities need to obtain specific licenses from IFSCA based on their proposed activities. These licenses typically focus on areas like payment systems, crowdfunding platforms, or P2P lending.
IFSCA framework allows a wider range of insurance products compared to mainland India. This includes specialized products like captive insurance for risk management, marine insurance, and aviation insurance.
GIFT City offers a competitive tax regime with benefits like a 10-year tax holiday on profits, exemption from GST and exemption from Security Transaction Tax (STT) and Commodity Transaction Tax (CTT).
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Together with our valued corporate partners, we believe in creating lasting impact through collaboration.
Why Choose InCorp Advisory?
We have the expertise to offer customized services to set up your business at the SEZ. Our team includes professionals who work to ensure your company incorporation process is completed without any operational delay. Right from the initial stage of IFSCA And SEZ application to ensuring tax compliance and advisory services, our team journeys with you through all the stages. We aim to make your expansion plan to GIFT City a strategic advantage for your company.
Expert Team
We are led by industry leaders with years of experience in varying processes and systems. Their leadership has been the guiding light in our success.
Deep Thakkar
Associate Director
Dhaval Shah
Chief Growth Officer
Meet Thakkar
Practice Lead - GIFT City
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