Please join Deloitte Touche Tohmatsu India LLP for a discussion on recent developments and tax incentives introduced to relocate offshore funds and set up new fund structures in Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC).
We will discuss the following
In addition to the subject matter experts, we will be joined by Mr. Sandip Shah, Head, IFSC Department, GIFT City who will share his insights on the ground realities and what’s in store for near future.
Moderator
Monish Shah, Deloitte Touche Tohmatsu India LLP
Subject matter experts
Sandip Shah, Head – IFSC Department, GIFT City
Rajesh H Gandhi
Background: Gujarat International Finance Tec-City (GIFT City) is India’s first International Financial Services Centre (IFSC) and a multi services special economic zone. In 2015, the Indian regulators allowed the setting up of Alternative Investment Funds (AIFs) in IFSC.
The Government of India has provided many tax incentives to promote fund activities in IFSC. To provide a level playing field to offshore funds, the Government has introduced many incentives to offshore funds to relocate to IFSC.
An expert committee has recently submitted its report on the feasibility of Variable Capital Company (VCC) structure in IFSC. This development seems promising and will provide fund houses globally known fund structure.