Aircraft & Ship Leasing, Ancillary Services, Banking & Finance,
Capital Market (Fund Management, AIF, REIT & InvIT, Intermediaries,
Bullion market), Direct Listing in IFSC, FinTech, Global in House
Centre's, Insurance
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!