International Financial Service Centres (IFSC) was established to act as the global hub for financial activities. The regulation for operating insurance and re-insurance businesses was introduced in 2021, and this regulation facilitated insurance and reinsurance businesses to operate through IFSC, and the International Financial Services Centres Authority (IFSCA) was created as the regulator. IFSC Insurance […]
The great migration has begun in the country. Indian-founded but overseas-headquartered start-ups are mapping their way to India. These may be attributed to a favorable environment created by government initiatives, the maturity of Indian markets, and recent regulatory changes on round-tripping. Companies like Pepperfry, PhonePe and Groww recently moved their headquarters to India. Similarly, fintech […]
March 10, New Delhi: India has signed a $100 billion trade agreement with the European Free Trade Association (EFTA), which includes Iceland, Liechtenstein, Norway, and Switzerland. According to Economic Partnership Agreement (TEPA), the EFTA countries have committed to facilitate investment of $100 billion in India in the next 15 years through private companies. Formed in […]
The Gujarat International Finance Tec-City (GIFT City), located in Gandhi Nagar, Gujarat, is India’s sole certified IFSC. In April 2015, the Government of India (GoI) opened India’s first International Financial Service Centre (IFSC) at GIFT City in Gujarat. The Government of India has been working along with various regulators to make it a global financial […]
Every year the government of India introduces various measures to strengthen the regulatory framework in GIFT City. In the recent Union Budget, specific tax benefits were introduced by the finance minister for units in the International Financial Service Centre (IFSC) to attract foreign investors and encourage offshore funds to relocate to India’s smart city. In […]
A welcome move to enhance corporate governance and transparency from the Ministry of Corporate Affairs (MCA). Ministry of Corporate Affairs vide their notification dated 27th October 2023, introduced the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023, which mandates all private companies, except small and government companies, to dematerialize their share capital by 30th September 2024, […]
In April 2015, the Government of India (GoI) opened India’s first International Financial Service Centre (IFSC) at GIFT City in Gujarat. An IFSC provides the very competitive cost of operations with various tax benefits, single-window clearance, and relief under various company law provisions. SEBI announced that asset managers can offer portfolio management services (PMS) in […]
India, with its expeditiously growing economy and increasing global influence, is constantly seeking avenues to support its position as an economic and financial powerhouse. In this pursuit, GIFT City has emerged as an unconventional project that aims to transform India’s financial landscape. With its state-of-the-art infrastructure, innovative regulatory framework, and a favourable business environment, GIFT […]
Family investment fund (FIF) in the International Financial Service Centre (IFSC) would refer to self-managed fund established by single family that operate within the regulatory framework and infrastructure provided by an IFSC. GIFT IFSC is set-up in Gandhinagar, Gujarat to undertake financial services transactions that are currently carried on outside India by overseas financial institutions […]
Setting up a business in GIFT City IFSC offers entrepreneurs the benefit of operating within a specialized financial hub with attractive incentives. However, it is crucial to have a thorough awareness of the legal framework and adhere to the relevant standards to achieve a successful and compliance setup. Entrepreneurs can maximise the advantages of GIFT […]
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