SPEC Finance
GIFT City skyline at dusk
GIFT City · Gujarat, India

A Gateway toIndia’s Growth Story.

Nestled within Gujarat lies GIFT City (Gujarat International Finance Tec-City) — a meticulously planned International Financial Services Centre, established with the vision of becoming a global financial and tech hub.

Unified Regulatory AuthorityCompetitive Tax RegimeRelaxed Company LawStrategic Time ZoneInternational Arbitration CentreOffshore BankingCapital MarketsInsuranceFinance CompanyGlobal Inhouse CentreUnified Regulatory AuthorityCompetitive Tax RegimeRelaxed Company LawStrategic Time ZoneInternational Arbitration CentreOffshore BankingCapital MarketsInsuranceFinance CompanyGlobal Inhouse Centre
WHY GIFT CITY

Why GIFT City deserves a closer look

GIFT City offers a unique ecosystem for corporations seeking to capitalise on India’s growth — here’s what sets it apart.

Strategic Location
01
Strategic Location

GIFT City’s geographical advantage allows easy access to major Indian and international markets. World-class infrastructure — including high-speed internet and air connectivity — facilitates seamless global transactions.

Business-Friendly Environment
02
Business-Friendly Environment

Companies in GIFT City enjoy duty-free imports, single-window clearances and simplified regulatory procedures. The IFSC status offers exemptions on corporate tax, minimum alternative tax (MAT) and GST for specific services, making operations cost-effective.

Regulatory Framework
03
Regulatory Framework

A dedicated, unified regulator oversees all financial services in the IFSC with globally benchmarked rules, giving businesses regulatory clarity and ease.

World-Class Infrastructure
04
World-Class Infrastructure

Plug-and-play offices, district cooling, a dedicated utility corridor and high-speed connectivity — built to global standards from the ground up.

Tailored Opportunities
05
Tailored Opportunities

Opportunities across banking, capital markets, insurance, fintech, aircraft and ship leasing, global treasury and in-house centres — tailored to each institution.

Springboard
THE PROPOSITION:
Market access, regulatory ease,
world-class infrastructure.

GIFT City as a springboard

For corporations looking to tap into India’s booming economy, GIFT City offers a compelling proposition — a launchpad for accessing the vast Indian market, conducting international financial transactions efficiently and fostering innovation in a business-friendly environment.

With its focus on global standards, regulatory ease and world-class infrastructure, GIFT City is poised to play a pivotal role in India’s emergence as a global financial powerhouse.

GIFT City skyline photo
GIFT IFSC ADVANTAGE

Eight reasons the IFSC works

A designated offshore jurisdiction within India — with its own distinct financial regulations and tax framework.

01
Onshore international financial services business from offshore centres such as London, Singapore, New York, Dubai and Hong Kong
02
A dominant gateway for channelling global capital into India
03
Expertise in niche sectors — fintech, aircraft and ship leasing, global treasury centres, commodity markets
04
Attractive tax regime for IFSC units and investors
05
No capital controls on funds brought in or taken out
06
Full convertibility across 15 foreign currencies
07
Access to the huge hinterland Indian market
08
Availability of a large, skilled talent pool
ON THE TABLE

What GIFT City brings to the table

From single-window approvals to plug-and-play infrastructure — nine reasons businesses choose to set up in GIFT City.

01Opportunity
Be part of a global financial and technology hub.
02Ease of Doing Business
Single-window clearance — allotment, planning, construction and occupancy approvals under one umbrella.
03Gujarat Incentives
No stamp duty and registration charges, plus development incentives.
04Plug & Play Infrastructure
Ready-to-occupy offices with world-class utilities and connectivity.
05Cost Efficiency
Around 20% reduction in operating costs relative to comparable locations.
06Feasibility
Payment schedules linked with development milestones.
07IT / ITeS Policy
EPF reimbursement, lease rental subsidy, power subsidy and more.
08Talent Availability
Adequate IT / ITeS and financial-services talent for business requirements.
09Talent Retention
Low attrition reduces the cost of new recruitment and training.
UNIQUE FEATURES

The unique features of GIFT City IFSC

An introduction and welcome by SPEC Finance, a GIFT City India Merchant Bank and Finance Company: global finance companies, corporations and investors are choosing GIFT City as their international financial hub.

GIFT City, located in Gandhinagar, Gujarat in western India, is the first International Financial Center of India — created by an act of Indian Parliament, with modern and progressive regulations placing it at par with competitive financial hubs of the world.

With cost-effective access to the most significant global brain trust of highly educated Indian youth and professionals, GIFT City is a true international financial center that bridges the Global North and South — a competitive, cost-effective and tax-efficient hub for global investments and finance.

01
Modern & Progressive Regulations
The IFSC Authority (IFSCA) is a unified, one-instance regulator for all financial services — banking, insurance, capital markets, fintech and education.
02
Freedom With Money
No capital controls on funds brought in or taken out, with full convertibility across 15 foreign currencies.
03
Globally Bench-Marked Rules
Regulations designed at par with leading international financial hubs such as London, Singapore and Dubai.
04
Brain Trust & Business Presence
Cost-effective access to a large, skilled talent pool and a growing base of global banks, funds and corporations.
TAX BENEFITS

Keep more of what you earn

10yr
Major Tax Savings
Businesses can get a 10-year income-tax break.
0%
No VAT / GST
No taxes on transactions (like STT or CTT), no GST, and no VAT or customs duties on most activities.
1
Ease of Business
All approvals from a single regulator through a digital platform — transparent, prompt and simple, with no red tape and fewer reporting requirements.

City, talent & innovation

PRIME LOCATION
A Fast-Growing City
A massive, fast-developing zone with ultra-modern facilities in place or coming up. Located near Ahmedabad and Gandhinagar — the newly built Sardar Patel Airport handles over two dozen international flights per day and connects to all major Indian cities, and GIFT City will have a Mumbai–Ahmedabad bullet-train station.
SKILLED WORKERS
Talent
A dozen technical colleges and universities in the Ahmedabad–Gandhinagar area — including an IIT, IIM, and law, petrochemicals, biotech and defense universities. The safety and quality of life of the tri-city (Ahmedabad, Gandhinagar, GIFT City) makes it attractive for Indian professionals to relocate, enabling access to highly skilled professionals and youth.
A HUB FOR NEW IDEAS
Innovation
GIFT City is the realisation of the vision of Prime Minister Narendra Modi — a center for innovation in finance, sustainability, ease of business, education and financial technology (FINTECH), with dedicated incubation centers and a focus on research, constantly encouraging new ideas and growth.
REGULATORY STATEMENT

IFSCA framework & foreign currency operations

SPEC Finance (IFSC) Pvt Ltd is a registered Finance Company in GIFT City IFSC, supervised by the International Financial Services Centres Authority (IFSCA) — a designated offshore jurisdiction within India, with its own distinct financial regulations and tax framework.

01Foreign Currency Operations
02Approved Currencies
03International Banking Units (IBUs)
04Independent Jurisdiction & Oversight
01
Foreign Currency Operations

Under the IFSCA (Finance Company) Regulations, SPEC Finance is permitted to carry out borrowing and lending transactions only in specified foreign currencies approved by IFSCA. The Indian Rupee (INR) is not permitted for financing transactions in the IFSC, except for limited operational use.

We encourage international banks, exporters, importers and institutional counterparties to explore structured financial arrangements with IFSCA-registered entities like SPEC Finance and leverage the cross-border capabilities offered within this unique offshore jurisdiction.
Learn more: giftgujarat.in · ifsca.gov.in
Questions about IFSCA regulations? →
GIFT City night skyline

GIFT City — a gateway to global business.

Our team is ready to discuss how the IFSC framework fits your business.

Contact Us