GIFT International Financial Services Centre
centre at GIFT City.
What is IFSCA?
The International Financial Services Centres Authority (IFSCA) has been established on April 27, 2020 under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar in Gujarat.
The IFSCA is a unified regulator comprising RBI, SEBI, PFRDA, and IRDAI and is responsible for the development and regulation of financial products and services in the IFSC in India. At present, the GIFT IFSC is the maiden international financial services centre in India.
IFSC Journey
2014
GIFT City notified as SEZ for international financial services
2015
Ministry of Finance notifies India’s first IFSC
2016
Union Budget provided a competitive tax regime for units in IFSC
2018
RBI notifies IFSC as non-resident zone
2020
IFSC Authority (IFSCA) was established
2022
IFSCA notified key regulations, circulars, notifications
2024
Area expansion from 886 acres to over 3,300 acres
IFSC Highlights
Setting up Process
Identify Use Case
Discussion with our team, meeting with IFSCA & GIFT officials to demonstrate the business use case for GIFT IFSC
Application to IFSCA
Identify office space and make application with regulators
Approval & Payment of Fees
Submit post approval documentation along with fees, open bank accounts and apply for business and tax registrations
Kickstart your Business
Obtain final IFSCA approval and start operations
Interested to setting up your business in GIFT IFSC?
Frequently Asked Questions
Fintech: This refers to emerging financial technologies and innovations that drive new business models, applications, processes, or products in areas connected to financial services. These are typically B2C in nature.
𝘍𝘰𝘳 𝘦𝘹𝘢𝘮𝘱𝘭𝘦 – 𝘗𝘢𝘺𝘵𝘮, 𝘊𝘳𝘦𝘥, 𝘙𝘢𝘻𝘰𝘳𝘱𝘢𝘺, 𝘗𝘰𝘭𝘪𝘤𝘺𝘣𝘢𝘻𝘢𝘢𝘳, 𝘗𝘪𝘯𝘦𝘭𝘢𝘣𝘴, 𝘚𝘭𝘪𝘤𝘦, 𝘦𝘵𝘤
Techfin: These are advanced or innovative technological solutions primarily designed to support, aid, and enhance activities related to financial products, services, and institutions. These are typically B2B in nature where they have tech products which can be used by financial institutions for their operations.
𝘍𝘰𝘳 𝘦𝘹𝘢𝘮𝘱𝘭𝘦 – 𝘍𝘪𝘯𝘢𝘤𝘭𝘦 (𝘣𝘺 𝘐𝘯𝘧𝘰𝘴𝘺𝘴), 𝘔𝘢𝘮𝘣𝘶, 𝘉𝘳𝘰𝘬𝘦𝘳𝘌𝘥𝘨𝘦, 𝘐𝘯𝘴𝘶𝘳𝘦𝘊𝘙𝘔, 𝘖𝘋𝘐𝘕, 𝘦𝘵𝘤