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SEZ & IFSC (Gift City) Advisory

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Understanding IFSC

Imagine a dedicated area within a Special Economic Zone (SEZ) designed to be a global financial powerhouse. This is the International Financial Services Centre (IFSC), where financial entities can provide cross-border services like corporate banking, insurance, investment and fund management, and securities trading. The Central Government has the authority to establish an IFSC under Section 18 of the Special Economic Zones Act, 2005 (SEZ Act). Notably, only one IFSC can be approved per SEZ.

The Purpose Behind IFSC

The key goal of creating an IFSC is to attract foreign investors and their capital, aiming for investments both in India and globally. This inflow fuels the Indian corporate sector, spurs job creation, boosts IT infrastructure, and elevates India's status as a financial hub. By routing transactions through the IFSC, businesses can enjoy operational efficiencies and tax benefits. The IFSC is built to global standards, offering top-notch infrastructure, cutting-edge technology, and streamlined regulatory requirements. It simplifies the regulatory regime with relaxed foreign exchange norms and a range of tax exemptions, making it easier for foreign investors to operate.

Meet the Regulator of IFSC

Initially overseen by domestic financial regulators such as the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Pension Fund Regulatory and Development Authority (PFRDA), and Insurance Regulatory and Development Authority (IRDAI), the IFSC is now under the jurisdiction of the International Financial Services Centres Authority (IFSCA). Established on April 27, 2020, under the International Financial Services Centres Authority Act, 2019, IFSCA is responsible for developing and regulating financial products, services, and institutions within IFSC. This unified regulatory body streamlines oversight, facilitating business operations in IFSC while maintaining high regulatory standards. Headquartered in GIFT City, Gandhinagar, Gujarat, IFSCA became operational on September 29, 2020, replacing the previous regulators.

Decoding the Trio: IFSCA, IFSC, and GIFT City Explained

The International Financial Services Centres Authority (IFSCA) is the unified regulatory body for the International Financial Services Centre (IFSC) in India. GIFT City is the first IFSC in India and is a meticulously planned business district offering modern amenities for commercial, residential, and social purposes. It is divided into a domestic tariff area (DTA) and a Multi-Service SEZ, which houses the IFSC. While the DTA operates under domestic laws, the Multi-Service SEZ encompasses IFSC, IT & ITeS, and other export services. Entities in IFSC require approval from IFSCA, with operational procedures governed by relevant IFSCA regulations and guidelines.

Welcome to the Gateway of Growth! Our services align with IFSCA's vision, offering strategic guidance and comprehensive solutions for entities establishing operations within IFSC. From regulatory compliance to strategic partnerships, we empower your journey towards sustainable growth and success. At KCAPL, we specialize in seamless transitions into the vibrant world of IFSC (International Financial Services Centre) at GIFT City. Here's a glimpse of the bespoke services we offer to usher your business into this thriving hub:

• Strategic Guidance Tailored to You: Our experts conduct a meticulous analysis of regulatory frameworks, aligning them precisely with your unique business dynamics to provide insightful recommendations.

• Navigating Regulatory Terrain: We provide comprehensive support in obtaining approvals from regulatory bodies, ensuring compliance with IFSC guidelines and the SEZ Act 2005.

• Setting Foundations with Confidence: From securing approvals to establishing SEZ units, we offer end-to-end solutions, empowering your venture's smooth inception within the IFSC ecosystem.

• Handcrafted Business Establishment Services: From entity selection to business registrations, our tailored services ensure a strong foundation, minimizing risks and maximizing growth potential.

• Statutory Compliance Made Simple: Our ongoing support extends to managing statutory obligations, filings, and reporting, leaving you free to focus on your core operations.

• Tax Advisory Expertise: Delve into the realm of fiscal incentives available within IFSC with our expert guidance on indirect tax matters.

• Financial Facilitation: Dive into debt syndication and project finance with confidence, supported by our in-depth insights and strategic advice.

• Holistic Project Support: Whether it's pre-investment advisory or ongoing business functions, our team stands by you every step of the way, ensuring seamless operations.

• Strategic Collaborations: Explore joint ventures and acquisitions facilitated by our extensive network and expertise in government incentives.

• Empowering Growth, Ensuring Compliance: From regulatory compliances with RBI under FEMA, 1999 to transaction structuring, we offer a comprehensive suite of services for sustained growth and compliance.

Embark on your IFSC journey with KCAPL and unlock unparalleled growth opportunities within the dynamic landscape of Gift City. Let's build your success story, together!

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