GIFT City India as Global Financial Hub
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 as par with competitive financial hubs of the world.
With unique advantages of cost effective access to the most significant global brain trust of highly educated Indian youth and professionals, GIFT city is more than just the platform Indian market. It is a true international financial center that bridges Global North and South and creates a competitive, cost effective and tax efficient hub for global investments and finance.
The unique features of GIFT City International Financial Center (IFSC)
Modern and progressive Regulations:
The IFSC Authority [IFSCA] is a unified and one instance regulator for all financial services, including banking, insurance, capital markets, fin-tech and education.
Freedom with Money:
Business in 15 foreign currencies, no controls on how much money can be brought in or taken out.
Globally Bench-marked Rules:
The rules and regulations in GIFT City are designed to meet international standards and at par (or better) with other global financial centers. This makes it a trusted and secure place for global investors.
Tax Benefits
Major Tax Savings:
Businesses can get a 10-year income tax break
NO VAT/ GST:
There are no taxes on transactions (like STT or CTT), and no GST ( Goods and Services Tax), no VAT or customs duties on most or all activities.
Ease Of Business:
The process for getting all approvals from single regulator through a digital platform is transparent, prompt and simple. There is no red tape and fewer reporting requirements under corporate law.
Ease Of Business:
The process for getting all approvals from single regulator through a digital platform is transparent, prompt and simple. There is no red tape and fewer reporting requirements under corporate law.
A Fast Growing City
GIFT City is a massive fast developing construction zone with numerous ultra modern facilities alrAeady in place or coming up.
Located near Ahmedabad and Gandhinagar. The Sardar Patel Airport of Ahmedabad is newly built and handles over 2 dozen international flights per day. It is connected to all major Indian cities. GIFT City is close to an international airport and will have a Mumbai-Ahmedabad Bullet- Train station.
Talent
There are a dozen technical colleges and universities in the Ahmedabad – Gandhinagar area including an Indian Institute of Technology (IIT), Indian Institute of Management (IIM), law, petrochemicals, biotech and defense universities. The safety and quality of life of Tri-City [ Ahmedabad, Gandhinagar, GIFT CIty ] makes it attractive for Indian professionals to relocate. This enables access to highly skilled professionals and youth.
Innovation
GIFT City is realisation of the vision of Prime Minister Narendra Modi and is a center for innovations 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.
Gift City: www.giftgujarat.in
IFSCA: www.ifsca.gov.in