International Financial Services Centre
GIFT City
IFSC
Services
End-to-end GIFT City IFSC advisory — from entity setup, IFSCA licensing, and SEZ compliance to taxation, FEMA services, audit & assurance, accounting, CFO services, and sector-specific advisory for banks, funds, insurance companies, fintech entities, and leasing companies in the IFSC ecosystem.
35+
Years of Practice
30km
From GIFT City
11+
Service Areas
7+
Sectors Served
- IFSC entity setup & IFSCA licensing
- SEZ compliance & Section 80LA tax advisory
- FEMA advisory & cross-border transactions
- Audit, accounting & CFO services
About GIFT City IFSC — Ahmedabad, Gujarat
GIFT City (Gujarat International Finance Tec-City) is India's International Financial Services Centre (IFSC), located in Gandhinagar, Gujarat. Established as a Special Economic Zone (SEZ) under the SEZ Act 2005, GIFT City provides a regulatory framework for conducting international financial services in foreign currency.
The IFSC is regulated by the International Financial Services Centres Authority (IFSCA), an integrated regulator overseeing banking, capital markets, insurance, pensions, and other financial services within the IFSC. GIFT City enables eligible entities to undertake cross-border financial transactions, treasury operations, fund management, insurance, aircraft and ship leasing, wealth management, and other international financial activities.
Regulatory Framework
IFSCA, SEZ & Tax Benefits
IFSCA Regulation
Unified regulator established under IFSCA Act 2019. Issues regulations, guidelines, and circulars governing IFSC entities. Covers banking, capital markets, insurance, fund management, aircraft/ship leasing, fintech, and payment systems.
SEZ Compliance
Established under SEZ Act 2005 & Rules 2006. Requires Letter of Approval (LoA) from Development Commissioner, Net Foreign Exchange (NFE) monitoring, quarterly and annual returns, and import-export documentation compliance.
Section 80LA Tax Benefits
100% income tax deduction for 10 consecutive years out of 20 years. MAT exemption during eligible period. STT, CTT, GST, and stamp duty exemptions on specified transactions. Subject to eligibility conditions.
Our Services
GIFT City IFSC Services
We Provide
From IFSC entity setup and IFSCA licensing to taxation, FEMA advisory, audit & assurance, accounting, CFO services, and sector-specific advisory.
01
IFSC Entity Setup Services
Feasibility assessment, business structure evaluation, Company/LLP incorporation, SEZ unit registration, Letter of Approval application, bank account opening, GST/PAN/TAN registration.
Pre-Setup Advisory • Incorporation • SEZ Registration • Post-Setup
02
IFSCA Licensing & Compliance
License type determination, eligibility assessment, application documentation, business plan development, sector-specific licensing for banking, broking, funds, insurance, leasing, and ongoing regulatory compliance.
Licensing • Sector Registration • Regulatory Filing • Renewal
03
SEZ Compliance Services
LoA compliance monitoring and amendment applications, quarterly and annual performance reports, NFE computation and reporting, import-export documentation, customs compliance, and SEZ unit audit facilitation.
LoA Compliance • NFE Reporting • Customs • SEZ Audit
04
IFSC Taxation Services
Section 80LA benefit claim, income tax return filing, transfer pricing compliance, Form 10-IC filing, tax treaty advisory, GST applicability assessment, export of services compliance, and cross-border transaction structuring.
Section 80LA • Transfer Pricing • GST • International Tax
05
FEMA Advisory Services
FEMA framework analysis, liberalized FEMA provisions for IFSC, foreign investment compliance, downstream investment advisory, cross-border lending, ECB from IFSC, repatriation compliance, and RBI reporting.
FEMA Analysis • FDI Compliance • ECB • RBI Reporting
06
IFSC Audit Services
Statutory audit under Companies Act/LLP Act, Ind AS/AS compliance, IFSCA regulatory audits, sector-specific compliance audits, SEZ compliance audit, NFE verification, tax audit under Section 44AB, and internal audits.
Statutory Audit • IFSCA Audit • SEZ Audit • Internal Audit
07
Accounting & CFO Services
Multi-currency accounting, financial statements (AS/Ind AS), regulatory reporting, financial planning and budgeting, cash flow forecasting, MIS reports, KPI dashboards, treasury management, and FX risk management.
Bookkeeping • Ind AS Reporting • Virtual CFO • Treasury
08
Corporate Secretarial Services
Board meeting and AGM organization, minutes drafting, statutory register maintenance, ROC annual filings (AOC-4, MGT-7), event-based MCA filings, corporate governance framework design, and IFSCA governance compliance.
Board Meetings • ROC Filing • Governance • IFSCA Compliance
09
Sector-Specific Advisory
Banking unit advisory, fund management (AIF structuring, NAV, investor reporting), insurance & reinsurance, fintech entity advisory, aircraft and ship leasing structure optimization, and GCC setup and compliance.
Banking • Funds • Insurance • Fintech • Leasing • GCC
10
Due Diligence & Valuation
Financial due diligence, tax due diligence, regulatory due diligence (IFSCA & SEZ compliance verification), and business valuation by IBBI Registered Valuer using DCF, market multiples, and NAV methods.
Financial DD • Tax DD • Regulatory DD • IBBI Valuation
Setup Process
GIFT City IFSC Setup Timeline
PHASE 1
Planning & Feasibility
1–2 months: Business activity determination, regulatory analysis, structure evaluation, capital planning.
PHASE 2
Incorporation & Registration
2–3 months: Company/LLP incorporation, SEZ unit registration, LoA application, bank account opening.
PHASE 3
IFSCA Licensing
3–6 months: Sector-specific license application, documentation, regulatory submissions, approval.
PHASE 4
Operational Setup
1–2 months: Accounting system, compliance framework, staff recruitment, policy documentation.
PHASE 5
Commencement
Ongoing: Business operations, compliance management, regulatory filings, audit and reporting.
Eligible Activities
Activities in
GIFT City IFSC
Subject to IFSCA approval and compliance with regulations, the following financial services activities are permitted.
Common Questions
Frequently Asked Questions
QWhat types of entities can operate in GIFT City IFSC?
Banks, NBFCs, insurance companies, fund managers, stockbrokers, aircraft and ship leasing companies, fintech entities, global capability centres, and other financial service providers can operate in IFSC, subject to IFSCA approval.
QWhat are the Section 80LA tax benefits in GIFT City?
Eligible IFSC entities can claim 100% income tax deduction under Section 80LA for 10 consecutive years out of 20 years. Additionally, exemptions from STT, CTT, GST on specified services, and stamp duty are available subject to conditions.
QIs IFSCA license mandatory for all IFSC entities?
Yes, entities undertaking regulated financial services in IFSC must obtain appropriate license or registration from IFSCA based on the nature of their activities. IFSCA has sector-specific licensing requirements.
QHow long does GIFT City registration and setup take?
Typically 7–13 months from decision to operational commencement, including incorporation, SEZ registration, IFSCA licensing, and operational setup. Timeline varies by sector and regulatory complexity.
QCan Indian companies set up operations in GIFT City?
Yes, both Indian and foreign entities can establish IFSC operations. Indian companies can set up subsidiaries or relocate eligible operations to IFSC, subject to regulatory approvals and IFSCA/SEZ compliance.
QWhat is SEZ compliance and why is it required?
GIFT City is within a Special Economic Zone. IFSC units must obtain Letter of Approval (LoA) from Development Commissioner and comply with SEZ Act provisions including periodic reporting, NFE monitoring, and customs procedures.
Industries We Serve
Sectors & Industries Served
Services provided across all IFSC sectors and financial service categories.
●
Banking &
Financial Institutions
●
Asset &
Fund Management
●
Insurance &
Reinsurance
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Aircraft &
Ship Leasing
●
Fintech &
GCCs
Ready to Set Up in
GIFT City IFSC?
Get in touch to discuss your GIFT City IFSC setup, IFSCA licensing, SEZ compliance, or taxation requirements. Based in Ahmedabad — just 30 km from GIFT City.