Institutional Advisory Desk

India's International
Financial ServicesCentre — Advised.

IFSCA entity registration, Section 80LA concessional-tax structuring, GST and FEMA framework, AIF and portfolio-manager set-up, aircraft and ship leasing vehicles — one institutional-grade advisory desk for GIFT City IFSC.

Since 2007 Institutional Advisory 18+ Years

Gadhia Associate

IFSC Advisory

Setting up in
India's only IFSC.

Entity structuring, 80LA optimisation and IFSCA compliance under one roof.

15%

Concessional Corp Tax

100%

80LA Tax Holiday (10y)

800+

Registered IFSC entities

$70B+

Cumulative banking-unit transactions

27+

Fund managers on GIFT City AIF regime

1 of 1

India's only aircraft & ship leasing hub

Public IFSCA and GIFT SEZ data as at 2026. Numbers rounded for readability.

Why GIFT City IFSC

The Financial Advantages, In Plain Language

India's only International Financial Services Centre carries a genuinely different tax and regulatory framework from the rest of the country. Here is what actually changes when you operate from inside.

Concessional Corporate Tax

New IFSC units get a 100% tax holiday on distributed income for 10 out of the first 15 years under Section 80LA, plus a concessional 15% corporate tax rate where applicable.

GST-Free Exports

Services supplied from an IFSC unit to a person outside India, or from one IFSC unit to another, are exempt from GST — competitively priced against Singapore, Dubai and Hong Kong.

USD as Functional Currency

Transactions inside IFSC are in freely convertible foreign currency (typically USD), with a clean FEMA framework that allows non-residents to invest and repatriate without INR conversion friction.

Unified IFSCA Regulator

One regulator — the International Financial Services Centres Authority — covers banking, capital markets, insurance and pensions inside IFSC, replacing the four-regulator matrix that applies elsewhere.

The Six-Pillar Advisory

End-to-End IFSC Advisory, Under One Desk

From choosing the right entity vehicle to running the annual IFSCA compliance calendar — every layer of a GIFT City set-up handled with senior attention.

01

IFSC Entity Setup & IFSCA Registration

Choosing the right vehicle (branch, subsidiary, LLP, unincorporated body), preparing the IFSCA application, and coordinating with SEZ, GIFT SEZ Authority and regulators until the operating licence is issued.

IFSCA ApplicationEntity StructuringLicence Coordination
02

Section 80LA — 15% Concessional Tax

Structuring your operations so the 100 percent tax holiday on distributed income (for 10 out of first 15 years under Section 80LA) is fully captured, together with the 15% concessional corporate tax where applicable.

Section 80LATax HolidayConcessional Rate
03

GST Exemption & FEMA Framework

GST exemption on services supplied from IFSC to non-residents, IGST implications on domestic tariff area transactions, and the FEMA relaxations that make USD-denominated business viable inside the IFSC.

GST ExemptionFEMA ReliefUSD Transactions
04

Fund & AIF Structuring

AIF Category I, II and III set-up inside IFSC, portfolio-manager licensing, family-office structures, and the reporting cadence expected by IFSCA — with tax-neutral treatment for non-resident investors.

AIF I / II / IIIPortfolio ManagersFamily Office
Related desk
05

Aircraft & Ship Leasing Vehicles

Setting up aircraft and ship leasing companies inside IFSC — the only Indian jurisdiction where these operate — with tax-neutral treatment for the leasing income and clear ownership frameworks.

Aircraft LeasingShip LeasingCross-Border
06

IFSC Banking Unit & Insurance Office

Advisory and compliance support for IFSC Banking Units (IBUs), reinsurance offices, insurance intermediary offices, and capital-market intermediaries operating under the IFSCA framework.

IBU AdvisoryReinsuranceCapital Markets
The Numbers, Side by Side

GIFT City vs Singapore vs Dubai (DIFC)

A quick comparison of the three financial hubs Indian founders and family offices actually evaluate.

ParameterGIFT City IFSCSingaporeDubai DIFC
Corporate tax rate15% concessional (Sec 80LA)17% (partial exemptions)9% (from June 2023)
Tax holiday100% for 10 of first 15 yearsGrants case-by-caseNone (0% zone ended)
GST / VAT on exportsExempt on services to non-residents0% GST on exports0% VAT on exports
RegulatorIFSCA (single unified)MASDFSA
CurrencyUSD (freely convertible)SGD / USDUSD / AED
Physical set-up costLow (SEZ office rents)HighHigh
Ease for Indian foundersHome jurisdiction, no visaEmployment pass requiredResidency required

Rates and framework as at 2026. Case-specific benefits depend on the exact entity type and business activity.

Sectors We Advise

Every Regulated Vertical Inside GIFT City IFSC

IFSC Banking Units

Insurance & Reinsurance

AIFs & PMS

Fund Management

Aircraft Leasing

Ship Leasing

Fintech & TechFin

Bullion & Commodities

The Engagement

Four Clear Stages, No Surprises

1

Discovery Call

We map your business, the IFSC vehicle that fits, and the licences you will need before committing to a structure.

2

Structure & Filing

Draft the IFSCA application, incorporate the entity through GIFT SEZ, obtain LOA / LOI and complete the operating licence process.

3

Tax & FEMA Set-Up

Optimise Section 80LA, register for GST where required, and set up the FEMA-compliant USD banking and reporting workflow.

4

Ongoing Compliance

Quarterly IFSCA returns, annual audit, Section 80LA disclosures and continuous monitoring of IFSCA circulars — retained advisory.

Frequently Asked

GIFT City IFSC — Practical Answers

What is GIFT City IFSC and who is it for?+
GIFT City IFSC — India's International Financial Services Centre in Gandhinagar — is a special economic zone designed to compete with global financial hubs like Singapore, Dubai and Mauritius. It is meant for banking units, insurance offices, capital-market intermediaries, fund managers, aircraft and ship leasing companies, fintech firms, and non-financial services delivered to non-residents. The single regulator is IFSCA (International Financial Services Centres Authority).
What tax benefit does Section 80LA give an IFSC unit?+
A unit of an IFSC gets a 100 percent deduction on distributed income (dividends, capital gains, interest for non-resident payees) for any 10 consecutive years out of the first 15 years of operation. On corporate income, a concessional 15 percent tax rate is available under the new tax regime (Section 115BAA framework) for eligible units. Structuring the entity so both benefits stack correctly is where most of our advisory work sits.
Are services from a GIFT City IFSC unit exempt from GST?+
Yes — services supplied from an IFSC unit to a person outside India, or from one IFSC unit to another, are treated as exports and are exempt from GST. Services supplied from IFSC to a person in the Domestic Tariff Area (i.e. the rest of India) are taxable under the normal GST framework. Correct invoicing and place-of-supply analysis is critical to keep the exemption clean.
What business activities are permitted inside GIFT City IFSC?+
Broadly: banking (IBUs), insurance and reinsurance, capital-market intermediaries, portfolio managers, AIFs across Category I / II / III, family offices, aircraft and ship leasing, precious-metals trading, fintech, ancillary services, and increasingly non-financial services delivered to non-residents (accounting, legal, back-office). Each activity requires its own IFSCA licence.
Can an NRI or foreign company set up a unit in GIFT City IFSC?+
Yes. IFSC entities can be owned by Indian residents, non-residents (NRIs, OCIs, foreign nationals) or foreign companies. FEMA restrictions that apply to the rest of India are significantly relaxed inside IFSC — this is one of the specific reasons the SEZ was created. We handle both the FEMA framework and the parallel IFSCA regulatory clearance.
How long does IFSC entity registration take?+
For a non-financial services entity delivering back-office or advisory services, typical timelines are 8 to 12 weeks from application to operating licence. Regulated activities (banking, insurance, fund management) take longer — usually 4 to 6 months — because IFSCA licensing has additional net-worth, personnel and capital-adequacy requirements to satisfy. We map the exact runway upfront so there are no surprises.
Do you also handle ongoing compliance for existing GIFT City units?+
Yes. Beyond set-up, we handle quarterly IFSCA reporting, annual audit and Section 80LA disclosures, GST returns for taxable domestic transactions, TDS and payroll for staff based inside IFSC, and monitoring of new IFSCA circulars that affect your unit type. Most clients retain us as their long-term IFSC compliance desk.
Ready to Structure Your IFSC Set-Up?

A Private Consultation With Our IFSC Desk

Bring your vehicle idea, your investor structure, or the licence you're considering. We'll map the runway, the tax stack and the compliance calendar so you know exactly what a GIFT City set-up will look like — before you commit.