Benefits of Setting up Your Business in the GIFT City

GIFT CITY

GIFT City, India’s premier International Financial Services Centre (IFSC), situated in Gujarat’s Gandhinagar, embodies the Government of India’s vision to establish a global financial and technological hub. Designed to accelerate India’s growth as a top destination for both domestic and foreign investments, GIFT City beckons as a beacon of opportunity, offering an extensive range of advantages.

Built on a foundation of cutting-edge technology and world-class infrastructure, GIFT City fosters a globally competitive environment. Its regulatory oversight, managed by the International Financial Services Centre Authority (IFSCA), creates a distinct foreign jurisdiction, exempting businesses within from certain domestic regulations.

GIFT CITY

As a project of national significance, GIFT City holds the potential to drive reforms essential for a thriving financial ecosystem, crucial for business and economic expansion. Still in its nascent stage, the regulatory framework and procedural requirements for setting up in GIFT City are evolving, underscoring the importance of seeking expert legal counsel to navigate this dynamic landscape.

• A premier business district of global standards 

• The first fully operational smart city in India The inaugural International Financial Services Centre (IFSC) in India 

• A versatile Special Economic Zone (SEZ) offering multiple services 

GIFT CITY

Our tax regime is highly competitive, offering a range of benefits and concessions to both domestic and foreign investors. These include advantages in income tax, capital gains tax, dividend tax, and goods and service tax.

• The government offers feasibility and flexibility in payment schedules tied to development initiatives.

• In Gujarat, the government extends incentives during the developmental phase, including exemptions from stamp duty and registration charges, as well as development incentives.

• During the operational stage, Gujarat provides attractive incentives through its IT/ITeS policy, such as EPF reimbursement, lease rental subsidies, and power subsidies.

• Fintech players receive technology grants to foster innovation, solution development, and testing.

• Government institutions offer seed capital funding to support innovation and contribute to national campaigns like Make in India and Aatmanirbhar Bharat (self-reliant India).

• Exclusive licenses within the Fintech hub enable virtual operations, facilitating further development and growth.

Special Economic Zone (SEZ) benefits in GIFT City allow duty-free import and export, making it an attractive hub for international trade.

• The IFSCA provides unified regulation and single window clearance, streamlining processes for businesses.

• Setting up is simplified with plug-and-play infrastructure.

• Gujarat boasts state-of-the-art infrastructure, skilled manpower, and a conducive work environment.

• Sustainable development models could potentially reduce costs by up to 20%.

• The jurisdiction is known for its liberal and business-friendly policies.

• Talent availability is abundant.

• Integrated development encompasses commercial, social, and residential aspects.

• Direct listing benefits are available on the IFSC Exchange.

• Direct listing benefits are available on the IFSC Exchange.

Alongside the array of benefits mentioned earlier for setting up in GIFT City, non-residents, and foreign companies won’t need to provide a Permanent Account Number (PAN) issued by the Indian Income Tax Department to open bank accounts in IFSC Gift City. Instead, they can simply file a declaration.

Distinctive Advantages of GIFT City:

• Endorsed by the Government of Gujarat and backed by the Government of India

• Streamlined business operations facilitated by a favorable regulatory environment

• Unmatched tax incentives

• Assorted operational advantages

• Prime location strategically situated

• Globally recognized benchmarks

• Holistic development approach

• Cutting-edge urban planning complemented by state-of-the-art infrastructure.

GIFT CITY,BUSINESS

In conclusion, setting up a business in GIFT City offers a myriad of advantages, making it an attractive destination for both domestic and foreign investors. With its innovative approach, robust infrastructure, and supportive regulatory environment, GIFT City is poised to become a beacon of success in India’s financial landscape

Is it wise to invest in GIFT City?

Yes, it is wise to invest in GIFT City due to various advantages including but not limited to strategic location, both the SEZ and IFSC status, liberal policies, tax benefits, robust infrastructure, strong financial & technological ecosystem.

Is GIFT City growing?

Yes, GIFT City is growing significantly. It has attracted various brands, businesses, MNCs, and startups leading to a rise in commercial & economic expansion opportunities

What are the benefits of GIFT City?

The benefits of GIFT City’s strategic location, both the SEZ and IFSC status, liberal policies, tax benefits, robust infrastructure, strong financial & technological ecosystem, talent pool, and government support along with various incentives, subsidies & exemptions.




Join The Discussion

Compare listings

Compare