Gujarat International Finance-Tec City (GIFT) consists of a Multi-Service Special Economic Zone (SEZ), which has been notified as India's maiden International Financial Services Centre
Single unified regulator for IFSC-Powers vested in IFSCA with respect to regulation of financial institutions, financial services and financial products in the IFSC
The GIFT City promises to offer a wide range of services like capital market transactions, banking services, offshore asset management, and other financial transactions
The goal is to create a welcoming place where India-centric trading that's moved to Dubai, Mauritius or Singapore can return home
A free trade zone with various tax incentives enabling flow of finance, financial products and services across borders
Lower Operating Costs
Competitive Tax Regime
Engagement with Unified financial regulator
Enabling ecosystem for fund management with presence of key stakeholders including custodians and fund administrators
No diversification limits on investments made by AIF in IFSC provided the investment made is in line with the risk appetite of the investors and appropriate disclosures are made
Non-resident investors are exempt from obtaining PAN and filing return of income in India
CAT III AIFs are subject to fund level taxation
Exemption from tax for non-resident investors on income from:-
Income on transfer of shares in an Indian company is taxable as follows:
